M&A Deal Summary

Cox Enterprises Acquires Cox Media Group - Three Ohio Newspapers

On February 10, 2020, Cox Enterprises acquired publishing company Cox Media Group - Three Ohio Newspapers from Cox Media Group

Acquisition Highlights
  • This is Cox Enterprises’ 1st transaction in the Publishing sector.
  • This is Cox Enterprises’ 6th transaction in the United States.
  • This is Cox Enterprises’ 5th transaction in Georgia.

M&A Deal Summary

Date 2020-02-10
Target Cox Media Group - Three Ohio Newspapers
Sector Publishing
Buyer(s) Cox Enterprises
Sellers(s) Cox Media Group
Deal Type Divestiture

Target

Cox Media Group - Three Ohio Newspapers

Atlanta, Georgia, United States
Cox Media Group, Inc. - Three Ohio Newspapers comprise the Dayton Daily News, the Springfield News-Sun, and the JournalNews.

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Buyer(S) 1

Buyer

Cox Enterprises

Atlanta, Georgia, United States

Category Company
Founded 1898
Sector Diversified
Employees50,000
DESCRIPTION

Cox Enterprises is a global conglomerate with interests in communications, media, and automotive services. The company operates through its major subsidiaries, including Cox Communications, which is one of the largest broadband and entertainment companies in the United States, providing high-speed internet, digital television, and telephony services. Cox Automotive is another significant division, offering a wide array of automotive services and solutions, including vehicle remarketing, digital marketing, software solutions for automotive dealers, and financial services. Cox Media Group, although its portfolio has evolved over the years, has been involved in broadcasting, publishing, and digital media. Cox Enterprises was founded in 1898 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 6 of 10
Sector (Publishing) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 5 of 5
Country (United States) 6 of 9
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 Cox Media Group

Atlanta, Georgia, United States

Cox Media Group is an integrated broadcasting, publishing, direct marketing and digital media company that includes the national advertising rep firms of CoxReps. CMG provides valuable local content to viewers in the communities in which it serves. Cox Media operations primarily include 33 high-quality, market-leading television stations in 20 markets, 54 radio stations in 10 markets and numerous over-the-top (OTT) and digital platforms. Cox Media Group's portfolio includes primary affiliates of ABC, CBS, FOX, NBC, and MyNetworkTV, as well as several valuable independent stations. Additionally, the company also offers a full suite of local and regional advertising services with Local Solutions. Cox Media Group is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-05 InSite Wireless Group

Alexandria, Virginia, United States

InSite Wireless Group LLC develops, owns, operates, and manages communications wireless infrastructure facilities primarily for the wireless and broadcast industries. InSite’s tower division is one of the largest privately-owned U.S. tower companies and develops, manages, owns, and operates approximately 1,500 telecommunications towers and sites for wireless carriers across the United States, Puerto Rico, the U.S. Virgin Islands, Canada, and Australia. InSite’s distributed antenna system (DAS) and small cell division specializes in the design, installation, operation, and maintenance of shared wireless infrastructure solutions that enhance the quality and capacity of wireless voice and data services in public facilities and complex environments. InSite Wireless Group was founded in 2000 and is based in Alexandria, Virginia.

Sell $3.5B

Seller(S) 1

SELLER

Cox Media Group

Atlanta, Georgia, United States

Category Company
Sector Media
Revenue 1.8B USD (2013)
DESCRIPTION

Cox Media Group is an integrated broadcasting, publishing, direct marketing and digital media company that includes the national advertising rep firms of CoxReps. CMG provides valuable local content to viewers in the communities in which it serves. Cox Media operations primarily include 33 high-quality, market-leading television stations in 20 markets, 54 radio stations in 10 markets and numerous over-the-top (OTT) and digital platforms. Cox Media Group's portfolio includes primary affiliates of ABC, CBS, FOX, NBC, and MyNetworkTV, as well as several valuable independent stations. Additionally, the company also offers a full suite of local and regional advertising services with Local Solutions. Cox Media Group is based in Atlanta, Georgia.


DEAL STATS #
Overall 2 of 5
Sector (Publishing) 1 of 1
Type (Divestiture) 2 of 5
State (Georgia) 1 of 1
Country (United States) 2 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Valpak

Petersburg, Florida, United States

Valpak is a direct marketing service provider. The Business reaches more than 100 million consumers primarily through Valpak "Blue Envelope" household mailers and its digital offering Valpak.com, as well as Savings.com an online provider of digital coupons and promotional codes.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 CoxReps

New York, New York, United States

CoxReps is a national television representation company, delivering local, smart media solutions on a national scale on behalf of the most respected broadcast groups. CoxReps is based in New York, New York.

Sell -