Divestiture • Publishing

Clovis Media Acquires Freedom Communications - News Journal

On January 31, 2012, Clovis Media acquired publishing company Freedom Communications - News Journal from Freedom Communications

Acquisition Context
  • This is Clovis Media’s 1st transaction in the Publishing sector.
  • This is Clovis Media’s 1st transaction in Canada.

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M&A Deal Summary

Date January 31, 2012
Target Freedom Communications - News Journal
Sector Publishing
Buyer(s) Clovis Media
Sellers(s) Freedom Communications
Deal Type Divestiture

Target Company

Freedom Communications - News Journal

Canada
Freedom Communications - News Journal is a provider of publishing services.
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Buyer Overview 1

Buyer

Clovis Media

Sheridan, Wyoming, United States

Category Company
Sector Publishing
DESCRIPTION

Clovis Media, Inc. is a publisher of news papers.


Deal Context for Buyer #
Overall 1 of 1
Sector: Publishing 1 of 1
Type: Divestiture 1 of 1
Country: Canada 1 of 1
Year: 2012 1 of 1

Seller Profile 1

SELLER

Freedom Communications

Santa Ana, California, United States

Category Company
Founded 1950
Sector Publishing
DESCRIPTION

Freedom Communications, Inc. is a diversified media company that primarily publishes community newspapers and metropolitan area newspapers and operates broadcast television stations. Freedom owns 28 daily newspapers and 38 weekly newspapers in 11 states with a combined circulation of 1.2 million and 8 broadcast television stations in 7 states. It is the 13th largest newspaper publisher by circulation and one of the largest independent television broadcasters in the U.S.


Deal Context for Seller #
Overall 3 of 3
Sector: Publishing 2 of 2
Type: Divestiture 3 of 3
Country: Canada 1 of 1
Year: 2012 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-12 Freedom Communications - Tribune

Seymour, Indiana, United States

Freedom Communications - Tribune is a 6,800-circulation community newspaper.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-10 The Press-Enterprise Co.

Riverside, California, United States

The Press-Enterprise Co. is a media company which publish news on newspaper, magaznine and over internet services.

Buy $27M

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