M&A Deal Summary

Gannett Acquires Journal Media Group

On October 8, 2015, Gannett acquired media company Journal Media Group from Scripps for 280M USD

Acquisition Highlights
  • This is Gannett’s 1st transaction in the Media sector.
  • This is Gannett’s largest (disclosed) transaction.
  • This is Gannett’s 1st transaction in the United States.
  • This is Gannett’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2015-10-08
Target Journal Media Group
Sector Media
Buyer(s) Gannett
Sellers(s) Scripps
Deal Type Divestiture
Deal Value 280M USD
Advisor(s) Methuselah Advisors (Financial)
Foley & Lardner (Legal)

Target

Journal Media Group

Milwaukee, Wisconsin, United States
Journal Media Group, Inc. is a media company with print and digital publishing operations serving 14 U.S. markets in nine states, including the Milwaukee Journal Sentinel, the Naples Daily News.

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Buyer(S) 1

Buyer

Gannett

McLean, Virginia, United States
Category Company
Founded 2014
Sector Publishing
Revenue 2.9B USD (2018)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 6
Sector (Media) 1 of 2
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 5
Year (2015) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-27 ReachLocal

Woodland Hills, California, United States

ReachLocal, Inc. is a provider of digital marketing services for small and medium sized businesses in the markets it serves. Products include a full suite of digital services related to web presence, search, lead generation and advertising. Among the many ways ReachLocal helps clients is by creating a complete web presence, providing digital advertising solutions that optimize campaigns, and, through its ReachEdge™ lead conversion software, enabling clients to build leads and convert them into customers while tracking what marketing sources work best.

Buy $156M

Seller(S) 1

SELLER

Scripps

Cincinnati, Ohio, United States
Category Company
Founded 1878
Sector Media
Employees5,200
Revenue 2.3B USD (2023)
DESCRIPTION

Scripps is a diverse media concern with interests in national lifestyle television networks, newspaper publishing, broadcast television, television retailing, interactive media and licensing and syndication. All of the company’s media businesses provide content and advertising services via the Internet. Scripps was founded in 1878 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 5 of 10
Sector (Media) 2 of 5
Type (Divestiture) 4 of 9
State (Wisconsin) 1 of 1
Country (United States) 4 of 9
Year (2015) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-22 Midroll Media

Los Angeles, California, United States

Midroll Media LLC creates original podcasts and operates a network that generates revenue for more than 200 shows, including “StartUp” and “Nerdist.” Midroll Media is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-12 Cracked

Santa Monica, California, United States

Cracked is a provider of website, mobile apps, original digital video, social media and a popular podcast.

Buy $39M
Mergr

Product

Company

Legal