M&A Deal Summary

Cox Media Group Acquires Marlin Broadcasting

On February 10, 2000, Cox Media Group acquired media company Marlin Broadcasting from Alta Equity Partners for 125M USD

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

M&A Deal Summary
Date 2000-02-10
Target Marlin Broadcasting
Sector Media
Buyer(s) Cox Media Group
Sellers(s) Alta Equity Partners
Deal Type Add-on Acquisition
Deal Value 125M USD

Target

Marlin Broadcasting

Hartford, Connecticut, United States
Marlin Broadcasting is a radio broadcasting company with stations in Miami, FL, Hartford, CT, and the North Shore of Boston.

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Buyer(S) 1

Buyer

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 1 of 2
Sector (Media) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Connecticut) 1 of 1
Country (United States) 1 of 2
Year (2000) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-19 Newport Television

Kansas City, Missouri, United States

Broadcast TV company with 56 stations across 20 markets in the U.S.

Buy -

Seller(S) 1

SELLER

Alta Equity Partners

Concord, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Alta Equity Partners is a private equity firm focused on acquiring lower middle-market, US-based companies. The Firm is a generalist investor but targets companies exhibiting recurring revenue business models, low capital intensity, proven management, and opportunities for growth. Prospective transaction situations of interest include recapitalizations, management buyouts, divestitures, and special situations. Alta Equity Partners was formerly known as Alta Communications. Alta Communications was formed in 1989 and the Firm changed its name to Alta Equity Partners in 2010. Alta Equity Partners is based in Concord, Massachusetts.

DEAL STATS #
Overall 16 of 45
Sector (Media) 6 of 19
Type (Add-on Acquisition) 14 of 36
State (Connecticut) 1 of 1
Country (United States) 15 of 43
Year (2000) 5 of 7
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-12 Golden Sky Holdings

Kansas City, Missouri, United States

Golden Sky Holdings was a direct broadcast satellite provider in rural markets.

Sell $690M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-01 Arrival Communications

Bakersfield, California, United States

Arrival is a profitable facilities-based competitive local exchange carrier, offering a full array of integrated communications services to business customers. Arrival targets business customers in underserved markets throughout Central California, a fast-growing region characterized by a large concentration of small and medium-sized enterprises.

Buy $13M
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