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Divestiture • Publishing

Freedom Communications Acquires The Press-Enterprise Co.

On October 10, 2013, Freedom Communications acquired publishing company The Press-Enterprise Co. from DallasNews for 27M USD

Acquisition Context
  • This is Freedom Communications’ 1st transaction in the Publishing sector.
  • This is Freedom Communications’ largest (disclosed) transaction.
  • This is Freedom Communications’ 1st transaction in the United States.
  • This is Freedom Communications’ 1st transaction in California.

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M&A Deal Summary
Date October 10, 2013
Target The Press-Enterprise Co.
Sector Publishing
Buyer(s) Freedom Communications
Sellers(s) DallasNews
Deal Type Divestiture
Deal Value 27M USD

Target Company

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.
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Buyer Overview 1

Buyer

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 Buyer #
Overall 1 of 1
Sector: Publishing 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2013 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-31 Freedom Communications - News Journal

Canada

Freedom Communications - News Journal is a provider of publishing services.

Sell -

Seller Profile 1

SELLER

DallasNews

Dallas, Texas, United States
Category Company
Founded 1842
Sector Publishing
Employees526
Revenue 125M USD (2024)
DESCRIPTION

DallasNews is a local news and information publishing company with commercial printing, distribution and direct mail capabilities, as well as expertise in emerging media and digital marketing. The Company publishes The Dallas Morning News, Texas’ leading newspaper. DallasNews was founded in 1842 and is based in Dallas, Texas.

Deal Context for Seller #
Overall 1 of 1
Sector: Publishing 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2013 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Marketing FX

Dallas, Texas, United States

Marketing FX, Inc. is a provider of print, packaging, ad-specialty and fulfillment services to companies nationwide.

Buy -

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