M&A Deal Summary

Hearst Acquires Litton Entertainment

On January 6, 2017, Hearst acquired media company Litton Entertainment

Acquisition Highlights
  • This is Hearst’s 5th transaction in the Media sector.
  • This is Hearst’s 21st transaction in the United States.
  • This is Hearst’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2017-01-06
Target Litton Entertainment
Sector Media
Buyer(s) Hearst
Deal Type Add-on Acquisition
Advisor(s) ACF Investment Bank (Financial)

Target

Litton Entertainment

Mount Pleasant, South Carolina, United States
website
Litton Entertainment is an independent producer and distributor in the U.S. television industry, creating and distributing quality programming with a specialty in educational and informational (“E/I”) programming.

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Buyer(S) 1

Buyer

Hearst

New York, New York, United States

website

Category Company
Founded 1887
Sector Media
Revenue 9.0B USD (2013)
DESCRIPTION

Hearst is a privately held American mass media and business information conglomerate founded by William Randolph Hearst in 1887. The Company operates in a wide range of industries, including publishing, broadcasting, entertainment, digital media, and real estate. Hearst owns over 360 businesses across the globe, including newspapers, magazines, television stations, cable networks, book publishers, and online media. Some of its most well-known brands include Cosmopolitan, Esquire, Harper's Bazaar, Elle, Marie Claire, Car and Driver, and Good Housekeeping. The company also owns a significant stake in ESPN and A&E Networks. Today, Hearst is one of the largest diversified media and information companies in the world. Hearst is based in New York City.

DEAL STATS #
Overall 24 of 28
Sector (Media) 5 of 6
Type (Add-on Acquisition) 15 of 18
State (South Carolina) 1 of 1
Country (United States) 21 of 25
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-26 CAMP Systems International

Ronkonkoma, New York, United States

CAMP Systems International, Inc. is a provider of software-as-a-service (“SaaS”) solutions for managing and tracking the maintenance of jets, turbo prop aircraft and helicopters used in business aviation, as well as enterprise information systems used to manage service centers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-12 Work Loss Data Institute

Encinitas, California, United States

Work-Loss Data Institute is a clinical guideline development and claims analytics company, publisher of the ODG product line. ODG provides evidence-based decision support for managing medical treatment, disability duration, and utilization review in workers’ comp, general health, and disability cases.

Buy -
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