M&A Deal Summary

Nexstar Media Group Acquires The Hill

On August 20, 2021, Nexstar Media Group acquired digital media company The Hill for 130M USD

Acquisition Highlights
  • This is Nexstar Media Group’s 1st transaction in the Digital Media sector.
  • This is Nexstar Media Group’s 4th largest (disclosed) transaction.
  • This is Nexstar Media Group’s 9th transaction in the United States.
  • This is Nexstar Media Group’s 1st transaction in District of Columbia.

M&A Deal Summary
Date 2021-08-20
Target The Hill
Sector Digital Media
Buyer(s) Nexstar Media Group
Deal Type Add-on Acquisition
Deal Value 130M USD

Target

The Hill

Washington, District of Columbia, United States
website
The Hill is the nation’s major, independent, political digital media platform with more than 100 journalists who cover political news and events and provide a wide variety of engaging content to its users. The Hill was founded in 1994 and is based in Washington, District of Columbia.

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Buyer(S) 1

Buyer

Nexstar Media Group

Irving, Texas, United States

website

Category Company
Founded 1996
Sector Media
Employees11,160
Revenue 4.6B USD (2021)
DESCRIPTION

Nexstar Media Group is a media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms. Nexstar owns, operates, programs or provides sales and other services to 170 television stations and related digital multicast signals reaching 100 markets or approximately 39% of all U.S. television households. Nexstar Media Group was founded in 1996 and is based in Irving, Texas.

DEAL STATS #
Overall 9 of 11
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 7 of 8
State (District of Columbia) 1 of 1
Country (United States) 9 of 11
Year (2021) 1 of 1
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 Nexstar - Digital Video Ad Platform

Foothill Ranch, California, United States

Nexstar's Digital Video Ad Platform is an independent video advertising infrastructure company provides enterprise digital video advertising technology infrastructure for publishers and advertisers on all screens reaching approximately 115 million US online video viewers across desktop, mobile-web, mobile-app and connected TVs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-30 The CW Network

Burbank, California, United States

The CW Network operates broadcasting television network in California. The CW Network is based in Burbank, California.

Buy -
Mergr

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