Media General - M&A Summary, Ownership, and Business Overview

MediaCompany

Media General M&A Summary

Media General has acquired 2 companies of its own. It has also divested 7 assets.

Media General’s largest acquisition to date was in 2014, when it acquired LIN Media for $2.6B. It’s largest disclosed sale occurred in 2012, when it sold Media General Newspapers to BH Media Group for $142M. Media General has acquired in 2 different US states. The Company’s most targeted sectors include media (100%).

Media General Ownership

Who owns Media General?

Media General is owned by Nexstar Media Group. It was acquired on January 27, 2016.

Media General Business Overview

Where is Media General headquartered?

Media General is headquartered in Richmond, Virginia.

What is Media General’s revenue?

Media General disclosed revenue of 1,304M USD for 2015 and 674M USD for 2014.

What sector is Media General in?

Media General is a media company.

When was Media General founded?

Media General was founded in 1850.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity2
    • M&A Sell Activity7
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 9
  • M&A Advisors 3

Media General

Media General, Inc.

333 East Franklin Street,
Richmond, Virginia 23219
United States,
(804) 887-5000
www.mediageneral.com

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 network-affiliated television stations and their associated digital and mobile media services. Media General was originally established in 1850 and is based Richmond, Virginia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
vol $2.7B $2.7B
Sell (0.0/yr) # 7 - - - - - 7
vol $238M $238M
  9

Most Recent M&A

Company Date Value Type
USA Television MidAmerica Holdings, LLC 2017-01-17 - Divestiture
Atlanta, Georgia
WALA-TV 2014-12-19 86M USD Divestiture
Pensacola, Florida
WHTM-TV 2014-09-02 83M USD Divestiture
Harrisburg, Pennsylvania
WVTM-TV 2014-08-20 - Divestiture
Birmingham, Alabama · www.wvtm13.com
LIN Media LLC 2014-03-21 2.6B USD Merger
Providence, Rhode Island · www.linmedia.com
Tampa Media Group, Inc. (dba The Tampa Tribune) 2012-10-08 10M USD Divestiture
Largo, Florida · www.tbo.com
Media General Newspapers 2012-05-17 142M USD Divestiture
, United States
Virginia Business 2009-09-01 - Divestiture
Richmond, Virginia · www.virginiabusiness.com
Media General Cable of Fredericksburg, Inc. 1999-01-01 - Divestiture
Fredericksburg, Virginia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Media 2 (100%) 2.7B (100%) 5 (71%) 228M (96%)
Publishing - - 2 (29%) 10M (4%)
Total 2 $2.7B 7 $238M

By Geo

State/Country Buy Value Sell Value
United States 2 2.7B 7 238M
  Virginia - - 2 -
  Florida - - 2 96M
  Rhode Island 1 2.6B - -
  Pennsylvania 1 83M - -
  Georgia - - 1 -
  Alabama - - 1 -
Total 2 $2.7B 7 $238M

Top M&A Advisors

Financial Deals
Solomon Partners
 2
RBC Capital Markets
 1
Legal Deals
Fried Frank Harris Shriver & Jacobson
 1

Deal Values

buy # Total
> $1B 1 $2.6B
< $100M 1 $83M
TOTAL $2.7B
Largest LIN Media LLC
$2.6B (2014-03-21)
sell # Total
$100M to $1B 1 $142M
< $100M 2 $96M
TOTAL $238M
Largest Media General Newspapers
$142M (2012-05-17)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
1 (50%)
Divested to
Investor(s)
43%
3 (43%)
Strategic(s)
57%
4 (57%)

Company Summary

SECTOR

Media

Revenue

1,304   94% 2015
674   151% 2014
269   18% 2013
228   2012
(millions of USD) Show More Show Less

Established

1850

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