M&A Deal Summary
|Target||Gray Television - Television Stations|
|Deal Value||105M USD|
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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.
|Overall||24 of 26|
|Sector (Media)||12 of 14|
|Type (Divestiture)||7 of 8|
|State (Ohio)||2 of 2|
|Country (United States)||24 of 26|
|Year (2018)||2 of 2|
|Size (of disclosed)||6 of 8|
Midwest Television - Broadcasting Stations
San Diego, California, United States
Midwest Television, Inc. - Broadcasting Stations owns and operator of KFMB-TV, the CBS affiliated station in San Diego, KFMB-D2 (CW) and radio broadcast stations KFMB-AM and KFMB-FM in San Diego.
The Big Lead
New York, New York, United States
The Big Lead operates as a sports blog. The Big Lead develops custom digital sports marketing programs. The Big Lead was founded in 2006 and is based in New York City.
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.
|Overall||1 of 2|
|Sector (Media)||1 of 2|
|Type (Divestiture)||1 of 2|
|State (Ohio)||1 of 1|
|Country (United States)||1 of 2|
|Year (2018)||1 of 1|
|Size (of disclosed)||1 of 2|
Montgomery, Alabama, United States
Raycom Media, Inc. is a privately-owned local media companies and owns and/or provides services for 65 television stations and 2 radio stations in 44 markets located in 20 states. Raycom Media owns or provides services for stations covering 16% of U.S. television households and employs over 8,300 individuals in full and part-time positions. Raycom Media was founded in 1996 and is based in Montgomery, Alabama.
Meredith - Local Media Group
Des Moines, Iowa, United States
Meredith's Local Media Group portfolio includes 17 television stations reaching 11 percent of U.S. households and 30 million viewers. Meredith's portfolio is concentrated in large, fast-growing markets, with seven stations in the nation's Top 25 markets, including Atlanta, Phoenix, St. Louis, and Portland, and 13 stations in the Top 50.