M&A Deal Summary

Hearst Acquires The Pioneer Group

On January 23, 2017, Hearst acquired media company The Pioneer Group

Acquisition Highlights
  • This is Hearst’s 6th transaction in the Media sector.
  • This is Hearst’s 23rd transaction in the United States.
  • This is Hearst’s 1st transaction in Michigan.

M&A Deal Summary
Date 2017-01-23
Target The Pioneer Group
Sector Media
Buyer(s) Hearst
Deal Type Add-on Acquisition

Target

The Pioneer Group

Big Rapids, Michigan, United States
The Pioneer Group is a Michigan-based communications network that circulates print and digital news to local communities across the state. The company publishes three weekly papers and four local shopper publications, and operates a digital marketing services business.

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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 26 of 29
Sector (Media) 6 of 6
Type (Add-on Acquisition) 17 of 19
State (Michigan) 1 of 1
Country (United States) 23 of 26
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-12 Work Loss Data Institute

Encinitas, California, United States

Work-Loss Data Institute is a clinical guideline development and claims analytics company, publisher of the ODG product line. ODG provides evidence-based decision support for managing medical treatment, disability duration, and utilization review in workers’ comp, general health, and disability cases.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-14 Slickdeals

Las Vegas, Nevada, United States

Slickdeals LLC is an online community dedicated to sharing, rating and reviewing deals and coupons in the U.S. Slickdeals LLC was founded in 1999 and is based in Las Vegas, Nevada.

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Mergr

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