Raycom Media has completed the acquisition of two ABC affiliates in the Sunshine State, in a deal that saw Kalil & Co. represent the company.
In April, Raycom agreed to acquire from Calkins Media Group its WWSB-7, an ABC affiliate in Sarasota, Fla., and WTXL-27, also an ABC affiliate, in Tallahassee, Fla.
The sale was initially tied to a $68.5 million deal that included WAAY-31, an ABC affiliate in Huntsville, Ala. As reported by RBR + TVBR, an entity created by Heartland head Bob Prather is now getting WAAY for $13.5 million — thus valuing the two Florida assets at $55 million.
