Raycom Media, Inc. is an American television broadcasting company based in Montgomery, Alabama. It is owned by its employees. Although Raycom Media dates its birth to 1996, the core of the company was formed in 1992 when Atlanta native Bert Ellis formed Ellis Communications, which eventually controlled 13 television stations and two radio stations. In 1994, Ellis bought Raycom Sports, a 15-year-old sports marketing firm. Two years later, Ellis sold Raycom to a media group funded by Retirement Systems of Alabama, who had bought Aflacs broadcast division and Federal Broadcastings TV Group a few months earlier. The three groups merged to form Raycom Media. In 1998, Raycom merged with Malrite Communications, owner of five stations in the South and Midwest.