M&A Deal Summary

Halifax Media Group Acquires The New York Times Regional Media Group

On January 6, 2012, Halifax Media Group acquired media company The New York Times Regional Media Group from The New York Times for 143M USD

Acquisition Highlights
  • This is Halifax Media Group’s 1st transaction in the Media sector.
  • This is Halifax Media Group’s largest (disclosed) transaction.
  • This is Halifax Media Group’s 1st transaction in the United States.
  • This is Halifax Media Group’s 1st transaction in Florida.

M&A Deal Summary
Date 2012-01-06
Target The New York Times Regional Media Group
Sector Media
Buyer(s) Halifax Media Group
Sellers(s) The New York Times
Deal Type Divestiture
Deal Value 143M USD

Target

The New York Times Regional Media Group

Daytona Beach, Florida, United States
The New York Times Regional Media Group is a publisher of weekly and daily newspapers.

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Buyer(S) 1

Buyer

Halifax Media Group

Daytona Beach, Florida, United States
Category Company
Founded 2010
Sector Media
DESCRIPTION

Halifax’s strategy is to invest long-term capital in quality companies positioned in strong markets that are closely connected to the community. Our expectation is to invest for the long term.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

The New York Times

New York, New York, United States
Category Company
Founded 1851
Sector Publishing
Employees5,900
Revenue 2.4B USD (2023)
DESCRIPTION
The New York Times Co.'s corporate headquarters in New York City.
The New York Times Co.'s corporate headquarters in New York City.

The New York Times is a multinational media company. The Company's flagship news publication is the The New York Times newspaper, offered both in print and online. The New York Times was formed in 1851 and is based in New York City.

DEAL STATS #
Overall 2 of 4
Sector (Media) 1 of 1
Type (Divestiture) 2 of 3
State (Florida) 2 of 2
Country (United States) 2 of 4
Year (2012) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-18 About.com

New York, New York, United States

About.com is a web collection of user-generated content covering a variety of topics and subjects. It was formed in 1996 and is based in New York City.

Buy $410M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-27 About.com

New York, New York, United States

About.com is a web collection of user-generated content covering a variety of topics and subjects. It was formed in 1996 and is based in New York City.

Sell $300M
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