M&A Deal Summary

Media General Acquires LIN Media

On March 21, 2014, Media General acquired media company LIN Media for 2.6B USD

Acquisition Highlights
  • This is Media General’s 1st transaction in the Media sector.
  • This is Media General’s largest (disclosed) transaction.
  • This is Media General’s 1st transaction in the United States.
  • This is Media General’s 1st transaction in Rhode Island.

M&A Deal Summary
Date 2014-03-21
Target LIN Media
Sector Media
Buyer(s) Media General
Deal Type Merger
Deal Value 2.6B USD
Advisor(s) J.P. Morgan Securities (Financial)
Weil Gotshal & Manges (Legal)

Target

LIN Media

Providence, Rhode Island, United States
website
LIN Media is a local multimedia company that operates or services 43 television stations and seven digital channels in 23 U.S. markets, along with a diverse portfolio of websites, apps and mobile products that make it more convenient to access its unique and relevant content on multiple screens. LIN Media’s highly-rated television stations deliver important local news and community stories along with top-rated sports and entertainment programming to 10.5% of U.S. television homes. The Company’s growing digital media portfolio helps agencies and brands effectively and efficiently reach their target audiences at scale by utilizing its ComScore Top 15 Video and Top 25 Display market share, and the latest in conversational marketing, video, display, mobile, social intelligence and monetization, as well as reporting across all screens.

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Buyer(S) 1

Buyer

Media General

Richmond, Virginia, United States

website

Category Company
Founded 1850
Sector Media
Employees5,400
Revenue 1.3B USD (2015)
DESCRIPTION

Media General is a provider of news, information and entertainment across broadcast television, digital media and mobile platforms, serving consumers and advertisers in strong local markets. The company's broadcast operations include 31 network-affiliated television stations and their associated digital and mobile media services. Media General's network affiliations include 12 CBS stations, 9 NBC, 7 ABC, and one each for FOX, CW and MNT.

DEAL STATS #
Overall 1 of 2
Sector (Media) 1 of 2
Type (Merger) 1 of 1
State (Rhode Island) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-08 Tampa Media Group

Largo, Florida, United States

Tampa Media Group, Inc. publishes the The Tampa Tribune, a daily newspaper that was originally established in 1895 and that serves the Tampa Bay/St. Petersburg market.

Sell $10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-20 WVTM-TV

Birmingham, Alabama, United States

WVTM-TV is the 44th largest television market. The TV stations broadcast 60 video channels, featuring local and national news, weather, information, sports and entertainment programming and local community service-oriented programs.

Sell -
Mergr

Product

Company

Legal