Gray Television to buy Raycom Media in $3.6B deal - Fox Business

Gray Television to buy Raycom Media in $3.6B deal Fox Business Gray Television on Monday said it will acquire Raycom Media, an employee-owned company, in a $3.6 billion cash-and-stock deal. The transaction will consist of $2.85 billion in cash, $650 million in a new series of preferred stock, and 11.5 million ...