M&A Deal Summary

Chum Acquires Craig Media

On April 12, 2004, Chum acquired media company Craig Media from Providence Equity Partners for 265M USD

Acquisition Highlights
  • This is Chum’s 1st transaction in the Media sector.
  • This is Chum’s largest (disclosed) transaction.
  • This is Chum’s 1st transaction in Canada.
  • This is Chum’s 1st transaction in Alberta.

M&A Deal Summary
Date 2004-04-12
Target Craig Media
Sector Media
Buyer(s) Chum
Sellers(s) Providence Equity Partners
Deal Type Add-on Acquisition
Deal Value 265M USD

Target

Craig Media

Calgary, Alberta, Canada
Craig Media is a privately owned television broadcasting company in Canada. Craig Media's assets include four conventional TV stations in Western Canada. Craig Media is headquartered in Calgary, Alberta.

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Buyer(S) 1

Buyer

Chum

Toronto, Ontario, Canada
Category Company
Sector Media
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.

DEAL STATS #
Overall 9 of 100
Sector (Media) 1 of 23
Type (Add-on Acquisition) 4 of 40
State (Alberta) 2 of 2
Country (Canada) 2 of 3
Year (2004) 1 of 2
Size (of disclosed) 31 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-22 Recoletos Grupo de Comunicación S.A.

Madrid, Spain

Recoletos is the leading specialized publishing company in Spain. Recoletos’ titles include sports daily Marca, Spain's most read newspaper, and Expansión, Spain's leading business daily.

Buy €900M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-30 PanAmSat

New York, New York, United States

PanAmSat Corp. is a premiere global provider of fixed satellite services to video, data networking and government customers.

Buy -
Mergr

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