M&A Deal Summary

Gannett Acquires The Progress-Index

On July 2, 2014, Gannett acquired publishing company The Progress-Index for 15M USD

Acquisition Highlights
  • This is Gannett’s 1st transaction in the Publishing sector.
  • This is Gannett’s 9th largest (disclosed) transaction.
  • This is Gannett’s 3rd transaction in the United States.
  • This is Gannett’s 1st transaction in Virginia.

M&A Deal Summary

Date 2014-07-02
Target The Progress-Index
Sector Publishing
Buyer(s) Gannett
Deal Type Add-on Acquisition
Deal Value 15M USD

Target

The Progress-Index

Petersburg, Virginia, United States

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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 3 of 16
Sector: Publishing M&A 1 of 7
Type: Add-on Acquisition M&A Deals 2 of 10
State: Virginia M&A 1 of 2
Country: United States M&A 3 of 16
Year: 2014 M&A 3 of 3
Size (of disclosed) 9 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-20 GateHouse Media

Fairport, New York, United States

GateHouse Media, Inc. is one of the nation’s largest local media companies as measured by its daily publications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-12 Halifax Media Group

Daytona Beach, Florida, United States

Halifax’s strategy is to invest long-term capital in quality companies positioned in strong markets that are closely connected to the community. Our expectation is to invest for the long term.

Buy -