M&A Deal Summary

Gray Acquires KEVN

On December 18, 2013, Gray acquired media company KEVN from Mission TV for 8M USD

Acquisition Highlights
  • This is Gray’s 10th transaction in the Media sector.
  • This is Gray’s 16th largest (disclosed) transaction.
  • This is Gray’s 11th transaction in the United States.
  • This is Gray’s 1st transaction in South Dakota.

M&A Deal Summary
Date 2013-12-18
Target KEVN
Sector Media
Buyer(s) Gray
Sellers(s) Mission TV
Deal Type Divestiture
Deal Value 8M USD

Target

KEVN

Rapid City,, South Dakota, United States
KEVN-TV serves as the Fox affiliate for the Rapid City television market. KEVN-TV's network programming, strong local newscasts, and major syndicated programming make it the number-two ranked television station in its market, according to BIA Kelsey revenue data.

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Buyer(S) 1

Buyer

Gray

Atlanta, Georgia, United States
Category Company
Founded 1897
Sector Media
Employees9,374
Revenue 3.3B USD (2023)
DESCRIPTION

Gray is a television broadcast company that owns and/or operates television stations and major digital assets. Gray was founded in 1897 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 11 of 21
Sector (Media) 10 of 20
Type (Divestiture) 9 of 15
State (South Dakota) 1 of 1
Country (United States) 11 of 21
Year (2013) 3 of 3
Size (of disclosed) 16 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 News-Press & Gazette - Non-License Assets Of KJCT

United States

News-Press & Gazette Company of the non-license assets of KJCT(TV) and associated low power television stations broadcasting ABC, CW, Telemundo, and local programming.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-16 Hoak Media

Dallas, Texas, United States

Hoak Media Corporation is a broadcasting company focused on the acquisition, development and operation of television stations in small and medium-sized markets in the United States.

Buy $335M

Seller(S) 1

SELLER

Mission TV

Santa Barbara,, California, United States
Category Company
Sector Media
DESCRIPTION

Mission TV L.L.C. owns and operates two television broadcasting stations,KEVN in Rapid City and satellite station KIVV in Lead-Deadwood.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (South Dakota) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

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