raycom_wvueWVUE has announced its parent company Louisiana Media Company has reached an agreement in principle to a shared services agreement with Raycom Media.

According to the station the SSA, “will allow Louisiana Media Company to “join hands” with the strongest regional television group in Louisiana, Mississippi and Alabama, Raycom Media. The shared services agreement between WVUE Fox 8 and Raycom Media will permit Raycom Media to provide operational services for the station, under the ultimate control of Louisiana Media.”

The New Orleans FOX affiliate was rumored to have been sold in October when Raycom investor Retirement Systems of Alabama told its members in a newsletter Raycom was close to closing on the sale of WVUE for $55.6 million. At the time, WVUE told the New Orleans Times-Picayune, “There is no sale pending. The station is not for sale.” Read more