M&A Deal Summary |
|
|---|---|
| Date | 2014-08-20 |
| Target | WVTM-TV |
| Sector | Media |
| Buyer(s) | Hearst |
| Sellers(s) | Media General |
| 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 | 15 of 29 |
| Sector (Media) | 4 of 6 |
| Type (Divestiture) | 6 of 7 |
| State (Alabama) | 1 of 1 |
| Country (United States) | 13 of 26 |
| Year (2014) | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-08-20 |
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. |
Buy | - |
| 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 | - |
| Category | Company |
|---|---|
| Founded | 1850 |
| Sector | Media |
| Revenue | 1.3B USD (2015) |
Media General is a provider of news, information and entertainment across broadcast television, digital media and mobile platforms, serving consumers and advertisers in strong local markets. The company's broadcast operations include network-affiliated television stations and their associated digital and mobile media services. Media General was originally established in 1850 and is based Richmond, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 7 |
| Sector (Media) | 3 of 5 |
| Type (Divestiture) | 5 of 7 |
| State (Alabama) | 1 of 1 |
| Country (United States) | 5 of 7 |
| Year (2014) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-03-21 |
LIN Media
Providence, Rhode Island, United States 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. |
Buy | $2.6B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-09-02 |
WHTM-TV
Harrisburg, Pennsylvania, United States WHTM provides an excellent news product and it’s a terrific fit with Media General.The station will benefit from political spending in the upcoming elections, especially the |
Buy | $83M |
