M&A Deal Summary

Gannett Acquires Erie Times-News

On January 13, 2016, Gannett acquired publishing company Erie Times-News from Tampa Bay Times for 12M USD

Acquisition Highlights
  • This is Gannett’s 3rd transaction in the Publishing sector.
  • This is Gannett’s 10th largest (disclosed) transaction.
  • This is Gannett’s 9th transaction in the United States.

M&A Deal Summary
Date 2016-01-13
Target Erie Times-News
Sector Publishing
Buyer(s) Gannett
Sellers(s) Tampa Bay Times
Deal Type Divestiture
Deal Value 12M USD

Target

Erie Times-News

United States
Erie Times-News is a publisher of news and magazines.

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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 9 of 16
Sector (Publishing) 3 of 7
Type (Divestiture) 4 of 6
Country (United States) 9 of 16
Year (2016) 2 of 4
Size (of disclosed) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-04 Dolan - Business Information Division

United States

Dolan - Business Information Division is a publisher of specific industry news.

Buy $35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Journal Multimedia

Harrisburg, Pennsylvania, United States

Journal Multimedia is a multi-title publisher of business journals, trade and consumer magazines, digital products.

Buy $18M

Seller(S) 1

SELLER

Tampa Bay Times

St. Petersburg, Florida, United States
Category Company
Founded 1904
Sector Publishing
DESCRIPTION
Tampa Bay Times office in downtown Tampa, Florida.
Tampa Bay Times office in downtown Tampa, Florida.

Tampa Bay Times is a publisher of newspapers and magazines serving the Tampa Bay region of central Florida.

DEAL STATS #
Overall 1 of 1
Sector (Publishing) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-03 Tampa Media Group

Largo, Florida, United States

Tampa Media Group, Inc. publishes the The Tampa Tribune, a daily newspaper that was originally established in 1895 and that serves the Tampa Bay/St. Petersburg market.

Buy -
Mergr

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