M&A Deal Summary

Advance Publications Acquires American City Business Journals

On August 14, 1995, Advance Publications acquired publishing company American City Business Journals for 259M USD

Acquisition Highlights
  • This is Advance Publications’ 1st transaction in the Publishing sector.
  • This is Advance Publications’ 4th largest (disclosed) transaction.
  • This is Advance Publications’ 1st transaction in the United States.
  • This is Advance Publications’ 1st transaction in North Carolina.

M&A Deal Summary

Date 1995-08-14
Target American City Business Journals
Sector Publishing
Buyer(s) Advance Publications
Deal Type Add-on Acquisition
Deal Value 259M USD

Target

American City Business Journals

Charlotte, North Carolina, United States
American City Business Journals is a publisher of local business news and information, deploying more than 600 journalists across 43 major U.S. cities. The Company was formed in 1985 and is headquartered in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Advance Publications

New York, New York, United States

Category Company
Founded 1922
Sector Publishing
DESCRIPTION

Advance is a diversified, family-owned company that operates and invests in a broad range of media, communications and technology businesses globally. Advance Publications directly or through subsidiaries, owns Condé Nast Publications, American City Business Journals, the Golf Digest Companies, and newspapers in more than twenty-five American cities. Advance Publications' subsidiaries also have extensive interests in cable television, as well as in Internet sites which are related to its print publications. Advance was established in 1922 and is based in New York City.


DEAL STATS #
Overall 1 of 7
Sector (Publishing) 1 of 2
Type (Add-on Acquisition) 1 of 5
State (North Carolina) 1 of 1
Country (United States) 1 of 6
Year (1995) 1 of 1
Size (of disclosed) 4 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-25 Fairchild Media

United States

Fairchild Media consists of a variety of fashion and other magazine titles. Titles include Jane, upscale fashion magazine W and 11 trade publications including Women's Wear Daily and Supermarket News.

Buy $650M