M&A Deal Summary

Gannett Acquires Calkins Media

On June 19, 2017, Gannett acquired digital media company Calkins Media for 18M USD

Acquisition Highlights
  • This is Gannett’s 1st transaction in the Digital Media sector.
  • This is Gannett’s 8th largest (disclosed) transaction.
  • This is Gannett’s 13th transaction in the United States.
  • This is Gannett’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2017-06-19
Target Calkins Media
Sector Digital Media
Buyer(s) Gannett
Deal Type Add-on Acquisition
Deal Value 18M USD

Target

Calkins Media

Levittown, Pennsylvania, United States
Calkins Media, Inc. is one of the largest publishers of locally based print and online media in the United States as measured by number of publications. Calkins, the family-owned collection of local media assets in the Philadelphia and Pittsburgh suburbs, is selling four six-day-a-week newspapers and one weekly in addition to online and digital products. Privately owned and operated for 80 years, Calkins has consistently been recognized for its quality news coverage, editorial content, printing quality, and digital news innovation.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Gannett

McLean, Virginia, United States
Category Company
Founded 1997
Sector Publishing
Employees12,800
Revenue 2.7B USD (2023)
DESCRIPTION

Gannett is a subscription-led and digitally focused media and marketing solutions company committed to empowering communities to thrive. With unmatched reach at the national and local level, Gannett touches the lives of millions with its Pulitzer-Prize winning content consumer experiences and benefits, and advertiser products and services. The company's portfolio includes the USA TODAY, local media organizations in 46 states in the U.S., and Newsquest, a wholly-owned subsidiary with over 120 local media brands operating in the United Kingdom. Gannett also owns the digital marketing services companies ReachLocal, Inc., UpCurve, Inc., and WordStream, Inc. and runs the largest media-owned events business in the U.S., USA TODAY NETWORK Ventures. Gannett was founded in 1997 and is based in McLean, Virginia.

DEAL STATS #
Overall 13 of 16
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 8 of 10
State (Pennsylvania) 2 of 2
Country (United States) 13 of 16
Year (2017) 2 of 2
Size (of disclosed) 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-31 Wooster Republican Printing - Ohio Publishing Division

Ohio, United States

Wooster Republican Printing Co. - Ohio Publishing Division is comprised of five daily and 18 weekly publications across northeastern Ohio and has been privately owned and operated by the Dix family for over a century. Its daily papers include The Daily Record (22,540), the Record-Courier (15,626), The Alliance Review (10,450), the Times-Gazette (9,905), and The Daily Jeffersonian (11,150). In addition to the print publications, the acquisition includes a number of niche publications, websites and a commercial printing operation.

Buy $21M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-27 Online Automotive Solutions

Palatine, Illinois, United States

Online Automotive Solutions is a tech-enabled video, data and auto-focused inventory solutions provider. Online Automotive Solutions is based in Palatine, Illinois.

Buy $4M
Mergr

Product

Company

Legal