M&A Deal Summary |
|
|---|---|
| Date | 2018-06-25 |
| Target | The E. W. Scripps Company - Radio Stations |
| Sector | Media |
| Buyer(s) | Griffin Communications |
| Sellers(s) | Scripps |
| Deal Type | Divestiture |
| Deal Value | 13M USD |
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Griffin Communications is a privately held multimedia company owns and operates four television stations and their digital platforms in Oklahoma City and Tulsa and runs a portfolio of advertising businesses, including a digital billboard company. Griffin is headquartered in Oklahoma City.homa City, Oklahoma.
| 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 |
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 | 6 of 11 |
| Sector (Media) | 3 of 5 |
| Type (Divestiture) | 5 of 10 |
| State (Ohio) | 1 of 3 |
| Country (United States) | 5 of 10 |
| Year (2018) | 1 of 2 |
| Size (of disclosed) | 7 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-08-01 |
Katz Broadcasting - Television Networks
Atlanta, Georgia, United States Katz Broadcasting LLC - Television Networks includes Bounce, Grit, Escape and Laff TV networks, Bounce TV launched in 2011 and is the first and only African-American broadcast network on television. The Bounce programming lineup features original dramas and off-network series, movies, specials, live sports and more. Grit launched in 2014 targeting men ages 25-54 with a lineup of Western, war and action films. Escape also launched in 2014, to reach women ages 25-54 with a brand of programming anchored in stories of investigation and mystery. Laff, the nation's first over-the-air network devoted to comedy around the clock, went live in 2015 with contemporary off-network sitcoms and popular movies geared toward an audience of adults ages 18-49. |
Buy | $302M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-27 |
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). |
Sell | $16M |
