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Sales of TV stations have been few and far between this year, even though the FCC relaxed many of its ownership restrictions in June. But Raycom Media last week became the first Top 25 TV-station group to cut a deal in the post-dereg world, agreeing to buy three small-market stations from Waitt Broadcasting for $25.7 million.
The stations: WDFX-TV Dothan, Ala. (DMA 171), WFXL(TV) Albany, Ga. (DMA 148), and WPGX(TV) Panama City,...