M&A Deal Summary

Audacy Acquires Lincoln Financial Media

On July 16, 2015, Audacy acquired media company Lincoln Financial Media from Lincoln Financial Group for 105M USD

Acquisition Highlights
  • This is Audacy’s 1st transaction in the Media sector.
  • This is Audacy’s largest (disclosed) transaction.
  • This is Audacy’s 1st transaction in the United States.

M&A Deal Summary
Date 2015-07-16
Target Lincoln Financial Media
Sector Media
Buyer(s) Audacy
Sellers(s) Lincoln Financial Group
Deal Type Divestiture
Deal Value 105M USD

Target

Lincoln Financial Media

United States
Lincoln Financial Media Corp. is a operate LFM stations.

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Buyer(S) 1

Buyer

Audacy

Philadelphia, Pennsylvania, United States
Category Company
Founded 1968
Sector Media
Employees3,530
Revenue 1.2B USD (2023)
DESCRIPTION

Audacy is a radio broadcasting company, with a portfolio of 125 highly-rated radio stations. Audacy was incorporated in 1968 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 1 of 7
Sector (Media) 1 of 6
Type (Divestiture) 1 of 2
Country (United States) 1 of 7
Year (2015) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-22 CBS Radio

New York, New York, United States

CBS Radio is one of the largest major-market broadcast media operators in the United States and the undisputed leader in news and sports radio. Producing original audio and video content, live events and exclusive programming broadcast via on-air, online and mobile platforms, CBS RADIO reaches more than 72 million consumers nationwide each week.

Buy -

Seller(S) 1

SELLER

Lincoln Financial Group

Radno, Pennsylvania, United States
Category Company
Founded 1905
Sector Insurance
Employees11,024
Revenue 11.7B USD (2023)
DESCRIPTION

Lincoln Financial Group is a provider of an advice and solutions in life insurance, annuities, retirement plan services and group protection. Lincoln Financial was founded in 1904 and is based in Radno, Pennsylvania.

DEAL STATS #
Overall 1 of 2
Sector (Media) 1 of 1
Type (Divestiture) 1 of 2
Country (United States) 1 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-03 Jefferson-Pilot

Greensboro, North Carolina, United States

Jefferson-Pilot Corp. is a provider of full range of insurance products and services.

Buy $7.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-19 Liberty Life Assurance Company of Boston

Dover, New Hampshire, United States

Liberty Life Assurance Company of Boston is a provider of insurance service and products and structured settlement annuities. Liberty Life Assurance Company of Boston was founded in 1964 and is based in Dover, New Hampshire.

Buy -
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