M&A Deal Summary

Champion Media Group Acquires Ledger Independent

On February 2, 2018, Champion Media Group acquired publishing company Ledger Independent from Lee Enterprises

Acquisition Highlights
  • This is Champion Media Group’s 1st transaction in the Publishing sector.
  • This is Champion Media Group’s 1st transaction in the United States.
  • This is Champion Media Group’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2018-02-02
Target Ledger Independent
Sector Publishing
Buyer(s) Champion Media Group
Sellers(s) Lee Enterprises
Deal Type Divestiture

Target

Ledger Independent

Maysville, Kentucky, United States
Ledger Independent published five days a week with a print circulation of 3,654 daily, and maysville-online.com reaches more than 6,300 unique visitors each month.

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Buyer(S) 1

Buyer

Champion Media Group

Southport, United Kingdom
Category Company
Founded 1994
Sector Publishing
DESCRIPTION

Champion Media Group have been proud to support local businesses throughout Sefton and West Lancashire through the pages of eight local newspapers delivered to over 165,000 homes every week. The Champion series has become a firm friend of both advertisers and readers thanks to to its repeated ability to deliver results. Over 160,000 copies are delivered FREE every week in eight editions: Southport & Formby, Ormskirk & Skelmersdale, Crosby & Litherland, Bootle, Aintree & Maghull and Anfield & Walton.

DEAL STATS #
Overall 1 of 1
Sector (Publishing) 1 of 1
Type (Divestiture) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Lee Enterprises

Davenport, Iowa, United States
Category Company
Founded 1890
Sector Publishing
Employees2,832
Revenue 691M USD (2023)
DESCRIPTION

Lee Enterprises is a provider of local news, information and advertising in primarily midsize markets, with 46 daily newspapers and a joint interest in four others, along with rapidly growing digital products and nearly 300 specialty publications in 22 states. Lee Enterprises was founded in 1890 and is based in Davenport, Iowa.

DEAL STATS #
Overall 1 of 1
Sector (Publishing) 1 of 1
Type (Divestiture) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-19 Small Newspaper Group

Moline, Illinois, United States

Small Newspaper Group (Dispatch-Argus) is a publisher seven mornings a week, with a combined average daily circulation of more than 25,000.

Buy $7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 Lake Geneva Regional News

Lake Geneva, Wisconsin, United States

Formed in 1872, Lake Geneva Regional News is a provider of news, features, opinions, and photographs from the Geneva Lake area.

Buy -
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