M&A Deal Summary

Gannett Acquires Gannett

On August 5, 2019, Gannett acquired publishing company Gannett for 1.8B USD

Acquisition Highlights
  • This is Gannett’s 7th transaction in the Publishing sector.
  • This is Gannett’s largest (disclosed) transaction.
  • This is Gannett’s 16th transaction in the United States.
  • This is Gannett’s 2nd transaction in Virginia.

M&A Deal Summary
Date 2019-08-05
Target Gannett
Sector Publishing
Buyer(s) Gannett
Deal Type Add-on Acquisition
Deal Value 1.8B USD
Advisor(s) Greenhill & Co., Inc.
Goldman Sachs (Financial)
Skadden, Arps, Slate, Meagher & Flom
Nixon Peabody LLP (Legal)

Target

Gannett

McLean, Virginia, United States
Gannett Co., Inc. is a digitally focused media and marketing solutions company committed to strengthening communities across its network. Gannett's operations comprise of USA TODAY, 92 daily local publications in the US and Guam, more than 400 non-daily publications in the U.S., and, through our Newsquest subsidiary, more than 150 local news brands online, mobile and in print in the UK. Gannett was established in 2014 and is based in McLean, Virginia.

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Buyer(S) 1

Buyer

Gannett

McLean, Virginia, United States

website

Category Company
Founded 1997
Sector Publishing
Revenue 2.9B USD (2022)
DESCRIPTION

Gannett is a subscription-led and digitally focused media and marketing solutions company committed to empowering communities to thrive. With unmatched reach at the national and local level, Gannett touches the lives of millions with its Pulitzer-Prize winning content consumer experiences and benefits, and advertiser products and services. The company's portfolio includes the USA TODAY, local media organizations in 46 states in the U.S., and Newsquest, a wholly-owned subsidiary with over 120 local media brands operating in the United Kingdom. Gannett also owns the digital marketing services companies ReachLocal, Inc., UpCurve, Inc., and WordStream, Inc. and runs the largest media-owned events business in the U.S., USA TODAY NETWORK Ventures. Gannett was founded in 1997 and is based in McLean, Virginia.

DEAL STATS #
Overall 16 of 16
Sector (Publishing) 7 of 7
Type (Add-on Acquisition) 10 of 10
State (Virginia) 2 of 2
Country (United States) 16 of 16
Year (2019) 2 of 2
Size (of disclosed) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-29 Schurz Communications - Newspaper Assets

Indiana, United States

Schurz Communications, Inc. - Newspaper Assets comprises ten daily newspapers, which include the highly attractive college towns of South Bend, IN (The South Bend Tribune) and Bloomington, IN (Herald-Times).

Buy $30M
Mergr

Product

Company

Legal