M&A Deal Summary |
|
|---|---|
| Date | 2019-01-29 |
| Target | Schurz Communications - Newspaper Assets |
| Sector | Publishing |
| Buyer(s) | Gannett |
| Sellers(s) | Schurz Communications |
| Deal Type | Divestiture |
| Deal Value | 30M 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 | 15 of 16 |
| Sector (Publishing) | 6 of 7 |
| Type (Divestiture) | 6 of 6 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 15 of 16 |
| Year (2019) | 1 of 2 |
| Size (of disclosed) | 4 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-03-27 |
Online Automotive Solutions
Palatine, Illinois, United States Online Automotive Solutions is a tech-enabled video, data and auto-focused inventory solutions provider. Online Automotive Solutions is based in Palatine, Illinois. |
Buy | $4M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-08-05 |
Gannett
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. |
Buy | $1.8B |
Schurz Communications, Inc. is a diversified, privately-owned communications company It operates three other cable systems serving just under 90,000 subscribers (Coral Springs, Florida, Hagerstown, MD and Sun Lakes, AZ). Schurz also publishes eleven daily and eight weekly newspapers, and it operates ten television stations in seven markets and thirteen radio stations in three markets.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Publishing) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2019) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-02-05 |
Online Tech
Ann Arbor, Michigan, United States Online Tech LLC is a provider of hybrid cloud, colocation, disaster recovery and data protection services. Online Tech is based in Ann Arbro, Michigan. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-12-01 |
NKTelco
New Knoxville, Ohio, United States NKTelco is a broadband communications company, that provides video and data (i.e. Cable TV and Internet) services to its customers. This unique blend of companies allows us to offer Digital Voice, Cable TV, and High-Speed Internet services and serve our surrounding communities. NKTelco was founded in 1905 and is based in New Knoxville, Ohio. |
Buy | - |
