M&A Deal Summary

Good Karma Brands Acquires The E. W. Scripps Company - Milwaukee Radio Stations

On July 27, 2018, Good Karma Brands acquired media company The E. W. Scripps Company - Milwaukee Radio Stations from Scripps for 16M USD

Acquisition Highlights
  • This is Good Karma Brands’ 1st transaction in the Media sector.
  • This is Good Karma Brands’ largest (disclosed) transaction.
  • This is Good Karma Brands’ 1st transaction in the United States.
  • This is Good Karma Brands’ 1st transaction in Ohio.

M&A Deal Summary
Date 2018-07-27
Target The E. W. Scripps Company - Milwaukee Radio Stations
Sector Media
Buyer(s) Good Karma Brands
Sellers(s) Scripps
Deal Type Divestiture
Deal Value 16M USD

Target

The E. W. Scripps Company - Milwaukee Radio Stations

Cincinnati, Ohio, United States
The E. W. Scripps Company - Milwaukee Radio Stations includes WTMJ (620 AM and 103.3 FM) and WKTI (94.5 FM).

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Buyer(S) 1

Buyer

Good Karma Brands

Beaver Dam, Wisconsin, United States
Category Company
Founded 1997
Sector Marketing
DESCRIPTION

Good Karma Brands LLC is an integrated marketing company with expertise in sports and event marketing. Good Karma Brands is based in Beaver Dam, Wisconsin.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1

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 7 of 11
Sector (Media) 4 of 5
Type (Divestiture) 6 of 10
State (Ohio) 2 of 3
Country (United States) 6 of 10
Year (2018) 2 of 2
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-25 The E. W. Scripps Company - Radio Stations

Cincinnati, Ohio, United States

The E. W. Scripps Company - Radio Stations includes KFAQ (1170 AM), KHTT (106.9 FM), KVOO (98.5 FM), KXBL (99.5 FM) and KBEZ (92.9 FM).

Sell $13M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-17 Triton Digital

Sherman Oaks, California, United States

Triton Digital LLC is an end-to-end software vendor to the digital audio marketplace, enabling audio streaming, advertising, audience measurement, and online presence to audio publishers. and Triton Digital provides services in over 40 countries, the Directors believe Triton to be one of the largest technology and service providers to the online audio industry. Triton Digital was founded in 2006 and is based in Sherman Oaks, California.

Buy $150M
Mergr

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