M&A Deal Summary

Boone Newspapers Acquires Middlesboro Daily News

On September 11, 2017, Boone Newspapers acquired publishing company Middlesboro Daily News from Civitas Media

Acquisition Highlights
  • This is Boone Newspapers’ 2nd transaction in the Publishing sector.
  • This is Boone Newspapers’ 2nd transaction in the United States.
  • This is Boone Newspapers’ 1st transaction in Kentucky.

M&A Deal Summary
Date 2017-09-11
Target Middlesboro Daily News
Sector Publishing
Buyer(s) Boone Newspapers
Sellers(s) Civitas Media
Deal Type Divestiture

Target

Middlesboro Daily News

Middlesboro, Kentucky, United States
website
The Middlesboro Daily News was first printed in 1911. The newspaper is published five times a week, Tuesday through Saturday, except on major holidays. Office hours are Monday through Friday from 8 a.m. until 4:30 p.m. The city of Middlesboro sits just inside the Cumberland Gap, along U.S. 25E, and is believed to have been built inside a meteorite crater.

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Buyer(S) 1

Buyer

Boone Newspapers

Natchez, Mississippi, United States

website

Category Company
Sector Publishing
DESCRIPTION

Boone Newspapers, Inc. owns and/or manages newspapers and free shopping guides in 30 communities in Alabama, Georgia, Michigan, Minnesota, Mississippi, Virginia, North Carolina and Ohio.

DEAL STATS #
Overall 2 of 4
Sector (Publishing) 2 of 4
Type (Divestiture) 2 of 4
State (Kentucky) 1 of 1
Country (United States) 2 of 4
Year (2017) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-11 The Claiborne Progress

Tazewell, Tennessee, United States

Claiborne Progress is a community newspaper dedicated to serving the people and businesses in and around Claiborne County. Company strive to bring our community the latest and most accurate news on a continuous basis, both in print and online.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-04 The Valley Times-News

Lanett, Alabama, United States

The Valley Times-News is a newspaper that is published and mailed complimentary to households throughout West Point, Ga., Lanett and Valley, Ala. from its office in West Point.

Buy -

Seller(S) 1

SELLER

Civitas Media

Davidson, North Carolina, United States

website

Category Company
Sector Publishing
DESCRIPTION

Civitas Media is a publisher of community newspapers in 12 Midwestern, Mid-Atlantic, and Southern states. The company includes the following media groups: Freedom Central, four daily newspapers in Illinois, Ohio and Missouri; Heartland Publications, 17 daily and 29 weekly papers across Georgia, Kentucky, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Virginia, and West Virginia; Ohio Community Media, with 13 daily and 30 weekly publications across the state of Ohio; and Impressions Media, which operates the Wilkes Barre Times Leader and other local publications in the northeastern Pennsylvania area.

DEAL STATS #
Overall 2 of 2
Sector (Publishing) 2 of 2
Type (Divestiture) 2 of 2
State (Kentucky) 1 of 1
Country (United States) 2 of 2
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-11 The Claiborne Progress

Tazewell, Tennessee, United States

Claiborne Progress is a community newspaper dedicated to serving the people and businesses in and around Claiborne County. Company strive to bring our community the latest and most accurate news on a continuous basis, both in print and online.

Sell -
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