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M&A Deal Summary

Gannett Acquires Gannett Co.

On August 5, 2019, Gannett acquired publishing company Gannett Co. for 1.8B USD

Acquisition Highlights
  • This is Gannett’s 7th transaction in the Publishing sector.
  • This is Gannett’s largest (disclosed) transaction.
  • This is Gannett’s 16th transaction in the United States.
  • This is Gannett’s 2nd transaction in Virginia.

M&A Deal Summary
Date 2019-08-05
Target Gannett Co.
Sector Publishing
Buyer(s) Gannett
Deal Type Add-on Acquisition
Deal Value 1.8B USD
Advisor(s) Greenhill & Co.
Goldman Sachs (Financial)
Skadden, Arps, Slate, Meagher & Flom
Nixon Peabody (Legal)

Target

Gannett Co.

McLean, Virginia, United States
Gannett Co., Inc. is a digitally focused media and marketing solutions company committed to strengthening communities across its network. Gannett's operations comprise of USA TODAY, 92 daily local publications in the US and Guam, more than 400 non-daily publications in the U.S., and, through our Newsquest subsidiary, more than 150 local news brands online, mobile and in print in the UK. Gannett was established in 2014 and is based in McLean, Virginia.

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Buyer(S) 1

Buyer

Gannett

McLean, Virginia, United States
Category Company
Founded 1997
Sector Publishing
Employees12,800
Revenue 2.5B USD (2024)
DESCRIPTION

Gannett is a subscription-led and digitally focused media and marketing solutions company committed to empowering communities to thrive. The company's portfolio includes 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. It 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 16 of 16
Sector: Publishing M&A 7 of 7
Type: Add-on Acquisition M&A Deals 10 of 10
State: Virginia M&A 2 of 2
Country: United States M&A 16 of 16
Year: 2019 M&A 2 of 2
Size (of disclosed) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-29 Schurz Communications - Newspaper Assets

Indiana, United States

Schurz Communications, Inc. - Newspaper Assets comprises ten daily newspapers, which include the highly attractive college towns of South Bend, IN (The South Bend Tribune) and Bloomington, IN (Herald-Times).

Buy $30M
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