M&A Deal Summary

Lee Enterprises Acquires BH Media Group - The Buffalo News & Publications

On January 29, 2020, Lee Enterprises acquired publishing company BH Media Group - The Buffalo News & Publications from BH Media Group for 140M USD

Acquisition Highlights
  • This is Lee Enterprises’ 4th transaction in the Publishing sector.
  • This is Lee Enterprises’ largest (disclosed) transaction.
  • This is Lee Enterprises’ 5th transaction in the United States.
  • This is Lee Enterprises’ 1st transaction in Nebraska.

M&A Deal Summary
Date 2020-01-29
Target BH Media Group - The Buffalo News & Publications
Sector Publishing
Buyer(s) Lee Enterprises
Sellers(s) BH Media Group
Deal Type Divestiture
Deal Value 140M USD

Target

BH Media Group - The Buffalo News & Publications

Omaha, Nebraska, United States
BH Media Group Inc. - The Buffalo News & Publications Serving communities in 10 states, BHMG's owns the print and digital operations of 30 daily newspapers, as well as more than 49 paid weekly publications with digital sites and 32 other print products.

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Buyer(S) 1

Buyer

Lee Enterprises

Davenport, Iowa, United States
Category Company
Founded 1890
Sector Publishing
Employees2,832
Revenue 691M USD (2023)
DESCRIPTION

Lee Enterprises is a provider of local news, information and advertising in primarily midsize markets, with 46 daily newspapers and a joint interest in four others, along with rapidly growing digital products and nearly 300 specialty publications in 22 states. Lee Enterprises was founded in 1890 and is based in Davenport, Iowa.

DEAL STATS #
Overall 5 of 5
Sector (Publishing) 4 of 4
Type (Divestiture) 3 of 3
State (Nebraska) 1 of 1
Country (United States) 5 of 5
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 Lake Geneva Regional News

Lake Geneva, Wisconsin, United States

Formed in 1872, Lake Geneva Regional News is a provider of news, features, opinions, and photographs from the Geneva Lake area.

Buy -

Seller(S) 1

SELLER

BH Media Group

Omaha, Nebraska, United States
Category Company
Sector Publishing
DESCRIPTION

BH Media Group operates 69 newspapers and other titles It is a provider of news, information and entertainment news across print and digital platforms.

DEAL STATS #
Overall 2 of 2
Sector (Publishing) 1 of 1
Type (Divestiture) 1 of 1
State (Nebraska) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-31 The Free Lance–Star Publishing

Fredericksburg, Virginia, United States

The Free Lance–Star Publishing Co. is a provider of 31,700-circulation daily newspapers.

Buy -
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