M&A Deal Summary

Hour Media Group Acquires Emmis Communications - Publishing Assets

On February 28, 2017, Hour Media Group acquired media company Emmis Communications - Publishing Assets from Emmis

Acquisition Highlights
  • This is Hour Media Group’s 1st transaction in the Media sector.
  • This is Hour Media Group’s 1st transaction in the United States.
  • This is Hour Media Group’s 1st transaction in Indiana.

M&A Deal Summary

Date 2017-02-28
Target Emmis Communications - Publishing Assets
Sector Media
Buyer(s) Hour Media Group
Sellers(s) Emmis
Deal Type Divestiture

Target

Emmis Communications - Publishing Assets

Indianapolis, Indiana, United States
Emmis Communications Corp. - Publishing Assets includes Atlanta, Cincinnati, Orange Coast and Los Angeles magazines.

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Buyer(S) 1

Buyer

Hour Media Group

United States

Category Company
Sector Media
DESCRIPTION

Hour Media Group LLC is a provider of media services in US.


DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER

Emmis

Indianapolis, Indiana, United States

Category Company
Founded 1980
Sector Media
Employees234
Revenue 40M USD (2020)
DESCRIPTION
Entrance to Emmis Communications' corporate headquarters in Indianapolis, Indiana.
Entrance to Emmis Communications' corporate headquarters in Indianapolis, Indiana.

Emmis is a diversified media company, principally focused on radio broadcasting. Emmis owns radio stations in New York, Los Angeles, St. Louis, Austin, Indianapolis and Terre Haute. Emmis also develops and licenses TagStation, a cloud-based software platform that allows a broadcaster to manage album art, meta data and enhanced advertising on its various broadcasts, and developed NextRadio, a smartphone application that marries over-the-air FM radio broadcasts with visual and interactive features on smartphones. In addition to radio properties, Emmis publishes several city and regional magazines. Emmis was incorporated in 1980 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 5 of 6
Sector (Media) 4 of 5
Type (Divestiture) 5 of 6
State (Indiana) 3 of 3
Country (United States) 5 of 6
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-13 Texas Monthly

Austin, Texas, United States

Texas Monthly is one of the most respected publications in the nation and has won 11 National Magazine Awards (and 60 nominations), the industry's equivalent of the Pulitzer Prize.

Sell $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-10 Emmis Austin Radio Broadcasting

Austin, Texas, United States

Emmis Austin Radio Broadcasting Co. LP operates six Austin radio stations and two FM translators in Austin, Texas.

Sell -