M&A Deal Summary

Gannett Acquires Wooster Republican Printing - Ohio Publishing Division

On January 31, 2017, Gannett acquired publishing company Wooster Republican Printing - Ohio Publishing Division from Dix Communications for 21M USD

Acquisition Highlights
  • This is Gannett’s 5th transaction in the Publishing sector.
  • This is Gannett’s 5th largest (disclosed) transaction.
  • This is Gannett’s 12th transaction in the United States.
  • This is Gannett’s 1st transaction in Ohio.

M&A Deal Summary
Date 2017-01-31
Target Wooster Republican Printing - Ohio Publishing Division
Sector Publishing
Buyer(s) Gannett
Sellers(s) Dix Communications
Deal Type Divestiture
Deal Value 21M USD

Target

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.

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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 12 of 16
Sector (Publishing) 5 of 7
Type (Divestiture) 5 of 6
State (Ohio) 1 of 1
Country (United States) 12 of 16
Year (2017) 1 of 2
Size (of disclosed) 5 of 12
PREVIOUS DEAL
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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-19 Calkins Media

Levittown, Pennsylvania, United States

Calkins Media, Inc. is one of the largest publishers of locally based print and online media in the United States as measured by number of publications. Calkins, the family-owned collection of local media assets in the Philadelphia and Pittsburgh suburbs, is selling four six-day-a-week newspapers and one weekly in addition to online and digital products. Privately owned and operated for 80 years, Calkins has consistently been recognized for its quality news coverage, editorial content, printing quality, and digital news innovation.

Buy $18M

Seller(S) 1

SELLER

Dix Communications

Wooster, Ohio, United States
Category Company
Founded 1890
Sector Publishing
DESCRIPTION

Dix Communications, Inc. owns and operates seven daily newspapers, radio stations and a multitude of digital products and marketing services.

DEAL STATS #
Overall 2 of 2
Sector (Publishing) 2 of 2
Type (Divestiture) 2 of 2
State (Ohio) 2 of 2
Country (United States) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-09 Defiance Publishing

Defiance, Ohio, United States

Defiance Publishing Co. LLC is a publisher of newspaper and specialty magazines.

Sell -
Mergr

Product

Company

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