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14 Sep 2015

Raycom Media Announces Acquisition of WebStream Sports

Raycom Media announced today the acquisition of WebStream Sports (WebStream Productions, Inc.), a leading provider of live sports production for television and the web. WebStream will operate as a new division of Raycom Media. WebStream founder John Servizzi will continue as CEO and Greg Weitekamp will continue as President. WebStream maintains its headquarters in Indianapolis, Ind. and offices in Charlotte, N.C.

"We are thrilled that WebStream is now part of the Raycom team," said Raycom Senior Vice President Pat LaPlatney. "From our first conversation, it was clear that Raycom Media and WebStream were a great fit. WebStream shares our customer-first mentality and commitment to growth, not only in putting production resources on the road, but staffing them with well-trained, dedicated employees."

"The WebStream team is very excited to become a division of Raycom Media," said WebStream CEO John Servizzi. "The staff at WebStream prides itself on delivering high-quality productions that meet client budgets. Having Raycom Media behind us in that effort allows us to increase our own lofty expectations and continue to provide unprecedented service to our partners. We are proud to become part of the Raycom family."

WebStream Productions, Inc. was established in 2006. With offices in Indianapolis, Ind. and Charlotte, N.C., it produces more than 1000 live events annually for television, internet and in-venue audiences. Its output has been seen on ESPNU, ESPN3, CBS Sports Network, Fox Sports and Comcast Regional Networks, and, among others.

WebStream's five mobile production units, ranging from a compact Sprinter to highly versatile mid-size trailers, join Raycom's pair of 53-foot expando units and duo of uplink trucks, allowing the growing company to deliver compelling content at all levels of production, from web-only to national network content.