Go Back   New Orleans Saints - blackandgold.com > Main > Saints

Tom Benson sells majority stake in WVUE-Fox 8 to Raycom

this is a discussion within the Saints Community Forum; Tom Benson is selling off his majority stake in WVUE. The Benson-owned Louisiana Media Company has reached an agreement to sell its majority ownership to Raycom Media, which has been operating the local Fox affiliate since 2013, according to an ...

Reply
 
LinkBack Thread Tools Display Modes
Old 04-06-2017, 01:49 PM   #1
Threaded by SmashMouth
Join Date: Sep 2007
Location: The Woodlands
Posts: 23,150

Blog Entries: 29
Show Printable Version Email this Page
Rating: (0 votes - average)

Tom Benson is selling off his majority stake in WVUE. The Benson-owned Louisiana Media Company has reached an agreement to sell its majority ownership to Raycom Media, which has been operating the local Fox affiliate since 2013, according to an announcement released late Monday.

Financial details of the agreement have not been disclosed. Benson, the billionaire local businessman who owns the NFL's Saints and NBA's Pelicans franchises, plans to retain partial ownership in the station.



WVUE and NOLA.com | The Times-Picayune have been newsgathering partners since 2013.

Benson has been majority owner of the local station since 2008, when he purchased it for $41 million from Emmis Communications in the wake of Hurricane Katrina. That purchase was notable in that it made WVUE the only major broadcast affiliate in New Orleans to be locally owned.

read more on NOLA

Attached Thumbnails
Click image for larger version

Name:	21967201-mmmain.jpg
Views:	0
Size:	47.4 KB
ID:	11909  

Views: 557
Reply With Quote
Old 04-06-2017, 06:54 PM   #2
BS Since 2003!!
 
Join Date: Mar 2006
Location: Metairie, LA
Posts: 11,416
Blog Entries: 5
Re: Tom Benson sells majority stake in WVUE-Fox 8 to Raycom

Can you say... The San Antonio Wetbacks?


Last edited by foreverfan; 04-06-2017 at 08:56 PM..
foreverfan is offline   Reply With Quote
Old 04-06-2017, 09:07 PM   #3
Site Donor 2016
 
Join Date: May 2002
Location: New Orleans, LA
Posts: 16,230
Blog Entries: 45
Re: Tom Benson sells majority stake in WVUE-Fox 8 to Raycom

Cool, now some liquidity!
Halo is offline   Reply With Quote
Old 04-10-2017, 02:29 PM   #4
Bounty Money $$$
 
Join Date: Oct 2008
Location: 5800 Airline Dr. Metairie, LA.
Posts: 15,527
Re: Tom Benson sells majority stake in WVUE-Fox 8 to Raycom

Buy low and sell high.
Rugby Saint II is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules

LinkBacks (?)
LinkBack to this Thread: http://blackandgold.com/saints/82302-tom-benson-sells-majority-stake-wvue-fox-8-raycom.html
Posted By For Type Date Hits
The Latest NFL News | SportSpyder This thread Refback 04-06-2017 01:59 PM 1
Tom Benson sells majority stake in WVUE-Fox 8 to Raycom This thread Refback 04-06-2017 01:50 PM 3


All times are GMT -5. The time now is 02:05 PM.


Copyright 1997 - 2014 - BlackandGold.com
no new posts