M&A Deal Summary

TEGNA Acquires Central Newspapers

On June 28, 2000, TEGNA acquired media company Central Newspapers for 2.6B USD

Acquisition Highlights
  • This is TEGNA’s 2nd transaction in the Media sector.
  • This is TEGNA’s largest (disclosed) transaction.
  • This is TEGNA’s 3rd transaction in the United States.
  • This is TEGNA’s 1st transaction in Arizona.

M&A Deal Summary
Date 2000-06-28
Target Central Newspapers
Sector Media
Buyer(s) TEGNA
Deal Type Add-on Acquisition
Deal Value 2.6B USD

Target

Central Newspapers

Phoenix, Arizona, United States
Central Newspapers is a media and information company. Through its flagship newspapers The Arizona Republic and The Indianapolis Star, Central publishes the only major dailies in the greater Phoenix metropolitan area and central Indiana, and also operates those markets' leading local Internet portals, azcentral.com in Arizona and indy.com in Indianapolis.

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Buyer(S) 1

Buyer

TEGNA

Tysons, Virginia, United States

website

Category Company
Founded 1906
Sector Media
Employees6,430
Revenue 2.9B USD (2020)
DESCRIPTION

TEGNA is a diversified media company. The Company operates through two business segments, Media and Digital. The Media segment comprises of 46 television stations in 38 markets. The Digital segment consists of the Cars.com (formerly Classified Ventures LLC) and CareerBuilder businesses. TEGNA, Inc. was formerly known as Gannett Co. TEGNA was originally established in 1906 and is based in Tysons, Virginia.

DEAL STATS #
Overall 3 of 26
Sector (Media) 2 of 14
Type (Add-on Acquisition) 2 of 16
State (Arizona) 1 of 1
Country (United States) 3 of 26
Year (2000) 1 of 2
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-06-13 Army Times Publishing

Springfield, Virginia, United States

Army Times Publishing, located in Springfield, Va., includes six weekly newspapers and one monthly publication. Titles include Army Times, Navy Times with a separate Marine Corps edition, Air Force Times, Federal Times, Defense News, Space News and Military Market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-18 CareerBuilder

Chicago, Illinois, United States

CareerBuilder provides comprehensive online recruiting products and services for job seekers and employers and has uniquely syndicated its trademarked technology and content to create a network of private-label career sites. CareerBuilder was founded in 1995 and is based in Chicago, Illinois.

Buy -
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