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Saints owner Tom Benson to sell majority stake in TV station

by The Associated Press Posted Apr 4, 2017 5:23 pm MDT Last Updated Apr 4, 2017 at 6:40 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email NEW ORLEANS – New Orleans Saints owner Tom Benson says he plans to sell his majority stake in the city’s Fox affiliate to Alabama-based Raycom Media.The Advocate (http://bit.ly/2oA57vc ) reports financial terms of the deal were not disclosed Monday. Since 2013, Raycom has provided operational services for WVUE-TV under the control of Benson’s Louisiana Media Co.Benson — who also owns the NBA’s Pelicans — plans to retain a minority stake in the station.Benson bought WVUE from Indiana-based Emmis Communications Corp. for $41 million that he purchased in 2008. Under his ownership, the station has earned several journalism awards, including a George Foster Peabody Award and eight national Edward R. Murrow Awards.Raycom owns or provides services for 63 television stations and two radio stations in 42 markets across 20 states.___Information from: The Advocate, http://theadvocate.com Saints owner Tom Benson to sell majority stake in TV station read more