Editing Local marketing agreement (section)

===Operation on behalf of a third-party owner===
Although the majority of LMAs involve the outsourcing of one television station's operations to another, occasionally, a company may operate a station under an LMA, JSA or SSA even if it does not already own a station in that market. One example occurred in December 2013, when the Louisiana Media Company (owned by [[New Orleans Saints]] and [[New Orleans Hornets]] owner [[Tom Benson]]) entered into a shared services agreement with [[Raycom Media]] to run the former company's [[Fox Broadcasting Company|Fox]] affiliate in [[New Orleans]], [[Louisiana]], [[WVUE-DT]]; while Louisiana Media Company retained the station's ownership and license, other assets were assumed by Raycom, which owns stations in markets adjacent to New Orleans (including [[WAFB|Baton Rouge]], [[WLBT|Jackson]], [[WLOX-TV|Biloxi]], [[KPLC|Lake Charles]] and [[KSLA-TV|Shreveport]]) but not within New Orleans itself. Benson had received offers from Raycom and others to buy the station, but was not prepared to sell WVUE outright.<ref name="nola-vueraycom">{{cite news|title=Harry Connick Jr. may be a player in the 10 p.m. race between WWL, WVUE – both under new management|url=http://www.nola.com/tv/index.ssf/2014/01/harry_connick_jr_may_be_a_majo.html|author=Dave Walker|work=NOLA.com ([[The Times-Picayune]])|publisher=[[Advance Publications]]|date=January 15, 2014|access-date=January 22, 2014}}</ref><ref name="nola-raycomssa">{{cite news|url=http://www.nola.com/tv/index.ssf/2013/11/wvue_enters_into_shared-servic.html|title=WVUE enters into shared-services agreement with Raycom Media|author=Dave Walker|work=NOLA.com (The Times-Picayune)|publisher=[[Advance Publications]]|date=November 20, 2013|access-date=November 20, 2013}}</ref> On April 4, 2017, Raycom acquired the station for $51.8 million.<ref>{{cite web|title=Raycom Buys WVUE New Orleans For $51.8M|url=http://www.tvnewscheck.com/article/102939/raycom-buys-wvue-new-orleans-for-518m|author=Harry A. Jessell|website=TVNewsCheck|publisher=NewsCheck Media|date=April 4, 2017|access-date=April 4, 2017}}</ref>