Raycom buys PureCars for $125 million

17 Feb 2016
Broadcaster Raycom Media has acquired PureCars.com for $125 million. Its Raycom's bid to compete in the automotive classified market against broadcasting brothers Cox and Tegna.

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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.