Raese’s target sells 4 West Virginia TV stations for $130 million

West Virginia Media Holdings, founded by Bray Cary in 2001, is selling four TV stations in West Virginia to a Texas company, Nexstar Broadcasting Group, for $130 million.

Cary was named in West Virginia Radio Corp.’s 2013 lawsuit, under the direction of John Raese of the Morgantown media empire, along with anyone else Raese blamed for losing his sweetheart deal to cover WVU sports.

IMF replaced West Virginia Radio Corp. to handle WVU’s radio and television sports coverage, for $86.5 million over 12 years.

Cary’s TV stations are WBOY in Clarksburg-Weston, WOWK in Charleston-Huntington, WTRF in Wheeling-Steubenville, Ohio, and WVNS in Bluefield-Beckley.

In June, Raese and WVU settled the lawsuit, which banned further Raese legal maneuvers over the situation.