M&A Deal Summary

Gray Acquires Michiana Telecasting

On November 23, 2005, Gray acquired media company Michiana Telecasting from University of Notre Dame for 85M USD

Acquisition Highlights
  • This is Gray’s 7th transaction in the Media sector.
  • This is Gray’s 10th largest (disclosed) transaction.
  • This is Gray’s 8th transaction in the United States.
  • This is Gray’s 2nd transaction in Indiana.

M&A Deal Summary
Date 2005-11-23
Target Michiana Telecasting
Sector Media
Buyer(s) Gray
Sellers(s) University of Notre Dame
Deal Type Divestiture
Deal Value 85M USD

Target

Michiana Telecasting

South Bend,, Indiana, United States
Michiana Telecasting Corp. operates WNDU-TV, a television broadcasting station. WNDU-TV (Channel 16) is the NBC affiliate serving the South Bend-Elkhart, Ind., television market, the nation's 87th largest Designated Market Area (DMA).

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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 8 of 21
Sector (Media) 7 of 20
Type (Divestiture) 7 of 15
State (Indiana) 2 of 2
Country (United States) 8 of 21
Year (2005) 4 of 4
Size (of disclosed) 10 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-10 WVAG-TV

Moultrie, Georgia, United States

WVAG-TV is the UPN affiliate serving the Albany, Georgia television market and the nation's 147th largest Designated Market Area with approximately 150,000 television households.

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-25 Colins Broadcasting KSNB-TV

Grand Island,, Nebraska, United States

KSNB-TV of Colins Broadcasting Corporation operates as a television station. The station will provide Central Nebraska with the area's first high-definition live 5:30 PM and 9:00 PM newscasts. Both newscasts will be devoted exclusively to the news weather and sports that matters most to the people of Central Nebraska.

Buy -

Seller(S) 1

SELLER

University of Notre Dame

South Bend, Indiana, United States
Category Company
Founded 1842
Sector Education
DESCRIPTION

The University of Notre Dame provides a distinctive voice in higher education that is at once rigorously intellectual, unapologetically moral in orientation, and firmly embracing of a service ethos. Notre Dame is an independent, national Catholic research university.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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