M&A Deal Summary |
|
|---|---|
| Date | 2016-05-02 |
| Target | Journal Multimedia |
| Sector | Publishing |
| Buyer(s) | Gannett |
| Deal Type | Add-on Acquisition |
| Deal Value | 18M USD |
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| Category | Company |
|---|---|
| Founded | 1997 |
| Sector | Publishing |
| Employees | 12,800 |
| Revenue | 2.7B USD (2023) |
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 | 10 of 16 |
| Sector (Publishing) | 4 of 7 |
| Type (Add-on Acquisition) | 6 of 10 |
| State (Pennsylvania) | 1 of 2 |
| Country (United States) | 10 of 16 |
| Year (2016) | 3 of 4 |
| Size (of disclosed) | 7 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-01-13 |
Erie Times-News
United States Erie Times-News is a publisher of news and magazines. |
Buy | $12M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-11-30 |
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. |
Buy | $20M |
