M&A Deal Summary |
|
|---|---|
| Date | 2007-11-01 |
| Target | Southern Connecticut Newspapers |
| Sector | Publishing |
| Buyer(s) | Hearst |
| Sellers(s) | Tribune Media |
| Deal Type | Divestiture |
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Hearst is a privately held American mass media and business information conglomerate founded by William Randolph Hearst in 1887. The Company operates in a wide range of industries, including publishing, broadcasting, entertainment, digital media, and real estate. Hearst owns over 360 businesses across the globe, including newspapers, magazines, television stations, cable networks, book publishers, and online media. Some of its most well-known brands include Cosmopolitan, Esquire, Harper's Bazaar, Elle, Marie Claire, Car and Driver, and Good Housekeeping. The company also owns a significant stake in ESPN and A&E Networks. Today, Hearst is one of the largest diversified media and information companies in the world. Hearst is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 29 |
| Sector (Publishing) | 1 of 5 |
| Type (Divestiture) | 2 of 7 |
| State (Connecticut) | 2 of 4 |
| Country (United States) | 6 of 26 |
| Year (2007) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-08-08 |
Kaboodle
Sunnyvale, California, United States Kaboodle, Inc. is a social shopping community where people discover, recommend and share products. Kaboodle's powerful shopping tools allow people to organize their shopping through lists, discover new things from people with similar style, get discounts on popular products, and find best prices. At the heart of Kaboodle is a fun and engaging community of people who love to shop. Community members create and join groups; share advice, feedback and product suggestions; and personalize their profiles with polls and other widgets. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-03-26 |
Answerology.com
New York, New York, United States Answerology is a question and answer platform focused on content and community. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1847 |
| Sector | Media |
| Employees | 8,000 |
| Revenue | 1.8B USD (2017) |
Tribune Media Co. is home to a diverse portfolio of television and digital properties driven by quality news, entertainment, and sports programming. Tribune Media is comprised of Tribune Media Broadcasting’s 42 owned or operated local television stations reaching approximately 50 million households, national entertainment cable network WGN America, whose reach is more than 77 million households, and a variety of digital applications and websites commanding 54 million monthly unique visitors online. Tribune Media also includes Chicago’s WGN-AM and the national multicast networks Antenna TV and THIS TV, and Covers Media Group, an unrivaled source of online sports betting information. Additionally, the Company owns and manages a significant number of real estate properties across the U.S. and holds a variety of investments, including a 31% interest in Television Food Network, G.P., which operates Food Network and Cooking Channel.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 7 |
| Sector (Publishing) | 1 of 1 |
| Type (Divestiture) | 3 of 6 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 3 of 7 |
| Year (2007) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-08-07 |
WATL-TV Channel 36
Atlanta, United States WATL-TV Channel 36 provides broadcasting channels. |
Sell | $180M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-07-29 |
Newsday
Melville, New York, United States Newsday is a daily newspapers, serving Long Island and New York City. In addition to the newspaper and Newsday.com, Newsday Media Group includes amNewYork, the fast-growing free daily in New York City with an average weekday circulation of 335,000, plus the Star Community Publishing Group of weekly shoppers and Island Publications' portfolio of lifestyle magazines. |
Buy | $650M |
