M&A Deal Summary

TEGNA Acquires Multimedia

On December 4, 1995, TEGNA acquired media company Multimedia for 1.7B USD

Acquisition Highlights
  • This is TEGNA’s 1st transaction in the Media sector.
  • This is TEGNA’s 3rd largest (disclosed) transaction.
  • This is TEGNA’s 1st transaction in the United States.
  • This is TEGNA’s 1st transaction in South Carolina.

M&A Deal Summary
Date 1995-12-04
Target Multimedia
Sector Media
Buyer(s) TEGNA
Deal Type Merger
Deal Value 1.7B USD

Target

Multimedia

Greenville, South Carolina, United States
Multimedia, Inc. is a diversified media company, headquartered in Greenville, S.C., which publishes 11 daily and 49 non-daily newspapers, operates five network-affiliated television stations in Cleveland, St. Louis, Cincinnati, Knoxville, and Macon, Ga., and two radio stations, also in Macon. Its cable television franchises serve more than 450,000 subscribers in five states.

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Buyer(S) 1

Buyer

TEGNA

Tysons, Virginia, United States

website

Category Company
Founded 1906
Sector Media
Employees6,430
Revenue 2.9B USD (2020)
DESCRIPTION

TEGNA is a diversified media company. The Company operates through two business segments, Media and Digital. The Media segment comprises of 46 television stations in 38 markets. The Digital segment consists of the Cars.com (formerly Classified Ventures LLC) and CareerBuilder businesses. TEGNA, Inc. was formerly known as Gannett Co. TEGNA was originally established in 1906 and is based in Tysons, Virginia.

DEAL STATS #
Overall 1 of 26
Sector (Media) 1 of 14
Type (Merger) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 26
Year (1995) 1 of 1
Size (of disclosed) 3 of 8
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-07-15 Gannett Community Directories

New Jersey, United States

Gannett Community Directories, with offices in Paramus, NJ, had been the independent yellow pages publisher in the state of New Jersey. Their NJ directories have been publishing since 1952.

Sell -
Mergr

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