TEGNA, Inc.

7950 Jones Branch Drive,
McLean, Virginia 22107
United States,
(703) 854-6000
www.tegna.com

TEGNA, Inc. 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. The Company was originally established in 1906 and is based in McLean, Virginia.

M&A Summary

Buy vs Sell

Year ≤ '12 '13 '14 '15 '16 '17 T
Buy (0.4/yr) # 22 1 1 - - - 24
vol $4.7B $2.2B $215M $7.1B
Sell (1.4/yr) # 1 - 2 3 2 - 8
  32

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Deal Values

Buy # TOTAL
> $1B Sign-up to View
$100M to $1B Sign-up to View
< $100M Sign-up to View
TOTAL Sign-up to View
Largest Central Newspapers, Inc.
$2.6B (2000-06-28)
Sell # Total
> $1B Sign-up to View
$100M to $1B Sign-up to View
< $100M Sign-up to View
Total Sign-up to View

According to our data here at Mergr, TEGNA has acquired 25 companies, including 3 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 8 assets.

TEGNA’s largest acquisition to date was in 2000, when it acquired Central Newspapers for $2.6B. TEGNA has acquired in 16 different US states. The Company’s most targeted sectors include media (46%) and internet software and services (13%).

When analyzing the media sector as a whole, according to Mergr, in the last 3 years, there are 370 media companies that have made at least 1 acquisition, 28 have acquired at least 5 companies, and 6 have acquired more than 10 companies. The most prolific strategic media acquirer over the past 3 years is Dentsu Aegis Network, with 16 acquisitions. The most prolific private equity acquirer in the media sector over the past 3 years is Providence Equity Partners LLC with 5 platform acquisitions.

Join Mergr and gain access to TEGNA’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the media sector.


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