M&A Deal Summary |
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Date | 2021-06-03 |
Target | Meredith - Local Media Group |
Sector | Media |
Buyer(s) | Gray |
Sellers(s) | Meredith |
Deal Type | Divestiture |
Deal Value | 2.8B USD |
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Gray is a television broadcast company that owns and/or operates television stations and major digital assets. Gray was founded in 1897 and is based in Atlanta, Georgia.
DEAL STATS | # |
---|---|
Overall | 20 of 21 |
Sector (Media) | 19 of 20 |
Type (Divestiture) | 15 of 15 |
State (Iowa) | 1 of 1 |
Country (United States) | 20 of 21 |
Year (2021) | 1 of 2 |
Size (of disclosed) | 2 of 17 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2018-08-20 |
Gray Television - Television Stations
Toledo, Ohio, United States Gray Television, Inc. - Television Stations includes WTOL, the CBS affiliate in Toledo, OH, and KWES, the NBC affiliate in Odessa-Midland, TX, |
Sell | $105M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-07-14 |
Gray Television - WJRT-TV
Flint, Michigan, United States WJRT-TV, virtual and VHF digital channel 12, is a television station licensed to Flint, Michigan, United States, and serving the Flint/Tri-Cities television market. |
Sell | $70M |
Meredith is a media and marketing company spanning broadcast television, print, and digital. Meredith is a leader in creating content across media platforms in key consumer interest areas such as food, home, parenthood and health through well-known brands such as Better Homes and Gardens, Parents and Allrecipes. The National Media Group features robust brand licensing activities, including over 3,000 SKUs of branded products at 4,000 Walmart stores across the U.S. Meredith Xcelerated Marketing is a content-powered consumer engagement agency that provides integrated marketing solutions for many of the world's top brands, including Kraft, Lowe's, Chrysler and NBC Universal. Meredith's Local Media Group includes 17 owned or operated television stations reaching nearly 11 percent of U.S. households. Meredith's portfolio is concentrated in large, fast-growing markets, with seven stations in the nation's Top 25 - including Atlanta, Phoenix and Portland - and 13 in Top 50 markets. Meredith's stations produce approximately 650 hours of local news and entertainment content each week, and operate leading local digital destinations. Additionally, Meredith Video Studios produces the Daytime Emmy Award-nominated The Better Show, a syndicated daily lifestyle television program reaching 80 percent of U.S. TV households. Meredith was formed in 1902 and is based in Des Moines, Iowa.
DEAL STATS | # |
---|---|
Overall | 10 of 10 |
Sector (Media) | 5 of 5 |
Type (Divestiture) | 9 of 9 |
State (Iowa) | 3 of 3 |
Country (United States) | 9 of 9 |
Year (2021) | 1 of 1 |
Size (of disclosed) | 1 of 4 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2020-01-24 |
FanSided
Nixa, Montana, United States FanSided LLC is a sport, entertainment and lifestyle network of more than 300 websites with thriving communities. FanSided was founded in 2009 and is based in Nixa, Montana. |
Sell | - |