M&A Deal Summary

Hearst Acquires The Hour Publishing

On April 13, 2016, Hearst acquired publishing company The Hour Publishing

Acquisition Highlights
  • This is Hearst’s 5th transaction in the Publishing sector.
  • This is Hearst’s 16th transaction in the United States.
  • This is Hearst’s 4th transaction in Connecticut.

M&A Deal Summary
Date 2016-04-13
Target The Hour Publishing
Sector Publishing
Buyer(s) Hearst
Deal Type Add-on Acquisition

Target

The Hour Publishing

Norwalk, Connecticut, United States
The Hour Publishing Co. is a newspaper production company.

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Buyer(S) 1

Buyer

Hearst

New York, New York, United States
Category Company
Founded 1887
Sector Media
Revenue 9.0B USD (2013)
DESCRIPTION

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 19 of 29
Sector (Publishing) 5 of 5
Type (Add-on Acquisition) 11 of 19
State (Connecticut) 4 of 4
Country (United States) 16 of 26
Year (2016) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-13 The Wilton Villager

Norwalk, Connecticut, United States

The Hour Publishing Co. is a newspaper production company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-18 Complex Networks

New York, New York, United States

Complex Networks champions the people, brands, and new trends needed to know now, will obsess over next, and builds consumer universes around them. The company was formed from the acquisition of Complex Media Inc. through a joint venture by Verizon and Hearst, creates and distributes original programming with premium distributors including Netflix, Hulu, Turner, Corus, Facebook, Snap, Fuse, Pluto TV, Roku, and more. Its content spans across the music to movies, sports to video games, fashion to food, and more. Complex Networks was formed in 2002 and is based in New York, New York.

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