M&A Deal Summary

Gray Acquires The Goshen News

On March 4, 1999, Gray acquired publishing company The Goshen News from News Printing Co.

Acquisition Highlights
  • This is Gray’s 1st transaction in the Publishing sector.
  • This is Gray’s 1st transaction in the United States.
  • This is Gray’s 1st transaction in Indiana.

M&A Deal Summary

Date 1999-03-04
Target The Goshen News
Sector Publishing
Buyer(s) Gray
Sellers(s) News Printing Co.
Deal Type Divestiture

Target

The Goshen News

Indiana, United States
The Goshen News is a 17,000 circulation afternoon newspaper published Monday through Saturday serving Goshen, Indiana and surrounding areas.

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Buyer(S) 1

Buyer

Gray

Atlanta, Georgia, United States

Category Company
Founded 1891
Sector Media
Employees9,118
Revenue 3.6B USD (2024)
DESCRIPTION

Gray is a television broadcast company that owns and/or operates television stations and major digital assets. Gray was founded in 1891 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 21
Sector: Publishing M&A 1 of 1
Type: Divestiture M&A Deals 1 of 15
State: Indiana M&A 1 of 2
Country: United States M&A 1 of 21
Year: 1999 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-14 CBS - Three Television Stations

United States

CBS affiliates KWTX, KBTX, and KXII, a satellite stations located in Bryan, Texas, each serving the 95th largest television market of Waco-Temple-Bryan, Texas.

Buy $139M

Seller(S) 1

SELLER

News Printing Co.

Goshen, Indiana, United States

Category Company
Founded 1892
Sector Publishing
DESCRIPTION

News Printing Company, Inc. engages in the publishing of newspapers.


DEAL STATS #
Overall 1 of 1
Sector: Publishing M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Indiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1999 M&A 1 of 1