M&A Deal Summary

Gannett Acquires Harris Enterprises

On November 30, 2016, Gannett acquired media company Harris Enterprises for 20M USD

Acquisition Highlights
  • This is Gannett’s 7th transaction in the Media sector.
  • This is Gannett’s 6th largest (disclosed) transaction.
  • This is Gannett’s 11th transaction in the United States.
  • This is Gannett’s 1st transaction in Kansas.

M&A Deal Summary
Date 2016-11-30
Target Harris Enterprises
Sector Media
Buyer(s) Gannett
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Harris Enterprises

Hutchinson, Kansas, United States
Harris Enterprises, Inc. is an owns and operator of six newspapers-of-record and multiple weekly and niche print products.

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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 11 of 16
Sector (Media) 7 of 7
Type (Add-on Acquisition) 7 of 10
State (Kansas) 1 of 1
Country (United States) 11 of 16
Year (2016) 4 of 4
Size (of disclosed) 6 of 12
PREVIOUS 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
FOLLOWING 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
Mergr

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