M&A Deal Summary

Hearst Acquires WJCL-TV

On August 20, 2014, Hearst acquired media company WJCL-TV from LIN Media

Acquisition Highlights
  • This is Hearst’s 4th transaction in the Media sector.
  • This is Hearst’s 13th transaction in the United States.

M&A Deal Summary

Date 2014-08-20
Target WJCL-TV
Sector Media
Buyer(s) Hearst
Sellers(s) LIN Media
Deal Type Divestiture

Target

WJCL-TV

United States
WJCL-TV is the 92nd largest television market and comprises a television station. The asset is located in the United States.

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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 15 of 29
Sector: Media M&A 4 of 6
Type: Divestiture M&A Deals 6 of 7
Country: United States M&A 13 of 26
Year: 2014 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-20 WVTM-TV

Birmingham, Alabama, United States

WVTM-TV is the 44th largest television market. The TV stations broadcast 60 video channels, featuring local and national news, weather, information, sports and entertainment programming and local community service-oriented programs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-03 KUBRA Data Transfer

Mississauga, Ontario, Canada

KUBRA is one of North America’s leading providers of printed and electronic billing and payment solutions.

Buy -

Seller(S) 1

SELLER

LIN Media

Providence, Rhode Island, United States

Category Company
Founded 1966
Sector Media
Employees1,921
DESCRIPTION

LIN Media is a local multimedia company that operates or services 43 television stations and seven digital channels in 23 U.S. markets, along with a diverse portfolio of websites, apps and mobile products that make it more convenient to access its unique and relevant content on multiple screens. LIN Media’s highly-rated television stations deliver important local news and community stories along with top-rated sports and entertainment programming to 10.5% of U.S. television homes. The Company’s growing digital media portfolio helps agencies and brands effectively and efficiently reach their target audiences at scale by utilizing its ComScore Top 15 Video and Top 25 Display market share, and the latest in conversational marketing, video, display, mobile, social intelligence and monetization, as well as reporting across all screens.


DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-28 Federated Media Publishing

San Francisco, California, United States

Federated Media Publishing LLC is a next-generation media company that connects the world’s largest brand advertisers with the Internet’s most innovative media brands and platforms.

Buy -