There are many results, but most popular is Reynolds & Reynolds (1.1Million unique/month) - they already use rayray dot com. Otherwise search volume is b/w 100-10,000 for most other categories.
Other one I could think of was Reynolds Pens & other stationary (these are the only other results that feature in keyword suggestion tool), they advertise a lot on TV and their pens are favorite to many (Including Me! - I love and use Reynolds Jetter & Reynolds 045 brands the most). There management are a old gen company and definitely will not be interested in a .TV.
My honest opinion is to grace delete the domain.