01.20.2006 03:01 PM
FCC approves merger of Liberty with Raycom Media

The FCC has approved Raycom Media’s plans to buy Liberty.

Privately held Raycom is paying $1 billion to buy the Greenville, SC-based broadcast company. Liberty shareholders approved the deal last month. With the FCC's blessing, Montgomery, AL-based Raycom expects to complete the purchase within 20 days.

Liberty owns 15 network-affiliated television stations.

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