M&A Deal Summary

Boone Newspapers Acquires The Claiborne Progress

On September 11, 2017, Boone Newspapers acquired publishing company The Claiborne Progress 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 Tennessee.

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

Target

The Claiborne Progress

Tazewell, Tennessee, United States
website
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.

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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 (Tennessee) 1 of 1
Country (United States) 2 of 4
Year (2017) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-11 Middlesboro Daily News

Middlesboro, Kentucky, United States

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.

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 (Tennessee) 1 of 1
Country (United States) 2 of 2
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-11 Middlesboro Daily News

Middlesboro, Kentucky, United States

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.

Sell -
Mergr

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