M&A Deal Summary |
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Date | 2014-06-19 |
Target | WGGB |
Sector | Media |
Buyer(s) | Meredith |
Sellers(s) | Gormally Broadcasting |
Deal Type | Divestiture |
Deal Value | 54M USD |
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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 | 12 of 19 |
Sector (Media) | 8 of 9 |
Type (Divestiture) | 6 of 7 |
State (Massachusetts) | 1 of 1 |
Country (United States) | 12 of 19 |
Year (2014) | 3 of 6 |
Size (of disclosed) | 4 of 4 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2014-06-19 |
KTVK-TV
Phoenix, Arizona, United States KTVK-TV, Inc.is a virtual channel 3 and it is a independent television station located in Phoenix, Arizona, United States. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2014-10-23 |
KASW-TV
Phoenix, Arizona, United States KASW-TV, a CW network affiliated television broadcasting station that serves and is located in Phoenix, Arizona region. |
Sell | - |
Category | Company |
---|---|
Founded | 2007 |
Sector | Media |
Gormally Broadcasting LLC publishes BusinessWest Magazine. The company also owns TV broadcast channels.
DEAL STATS | # |
---|---|
Overall | 1 of 1 |
Sector (Media) | 1 of 1 |
Type (Divestiture) | 1 of 1 |
State (Massachusetts) | 1 of 1 |
Country (United States) | 1 of 1 |
Year (2014) | 1 of 1 |
Size (of disclosed) | 1 of 1 |