M&A Deal Summary

Media General Acquires WHTM-TV

On September 2, 2014, Media General acquired media company WHTM-TV from Sinclair Broadcast Group for 83M USD

Acquisition Highlights
  • This is Media General’s 2nd transaction in the Media sector.
  • This is Media General’s 2nd largest (disclosed) transaction.
  • This is Media General’s 2nd transaction in the United States.
  • This is Media General’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2014-09-02
Target WHTM-TV
Sector Media
Buyer(s) Media General
Sellers(s) Sinclair Broadcast Group
Deal Type Divestiture
Deal Value 83M USD

Target

WHTM-TV

Harrisburg, Pennsylvania, United States
WHTM provides an excellent news product and it’s a terrific fit with Media General.The station will benefit from political spending in the upcoming elections, especially the

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Buyer(S) 1

Buyer

Media General

Richmond, Virginia, United States

website


Category Company
Founded 1850
Sector Media
Employees5,400
Revenue 1.3B USD (2015)
DESCRIPTION

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 31 network-affiliated television stations and their associated digital and mobile media services. Media General's network affiliations include 12 CBS stations, 9 NBC, 7 ABC, and one each for FOX, CW and MNT.


DEAL STATS #
Overall 2 of 2
Sector (Media) 2 of 2
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2014) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-20 WVTM-TV

Birmingham, Alabama, United States

WVTM-TV is the 44th largest television market. The TV stations broadcast 60 video channels, featuring local and national news, weather, information, sports and entertainment programming and local community service-oriented programs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-19 WALA-TV

Pensacola, Florida, United States

WALA-TV is a provider of media services. WALA-TV is based in Pensacola, Florida.

Sell $86M

Seller(S) 1

SELLER

Sinclair Broadcast Group

Hunt Valley, Maryland, United States

website


Category Company
Founded 1986
Sector Media
Employees7,300
Revenue 3.1B USD (2023)
DESCRIPTION

Sinclair Broadcast Group is a television broadcasting company, owns or provides programming, operating, or sales services to television stations in the United States. Sinclair Broadcast Group was founded in 1986 and is based in Hunt Valley, Maryland.


DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-08 Fisher Communications

Seattle, Washington, United States

Fisher is a Seattle-based communications and media company focused on creating, aggregating, and distributing information and entertainment to a broad range of audiences.

Buy $373M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 Circa 1605

San Francisco, California, United States

Circa 1605, Inc. is an app that makes news more easily digestible on mobile devices.

Buy -