M&A Deal Summary

Lee Enterprises Acquires Kenosha News

On January 28, 2019, Lee Enterprises acquired publishing company Kenosha News from United Communications

Acquisition Highlights
  • This is Lee Enterprises’ 3rd transaction in the Publishing sector.
  • This is Lee Enterprises’ 4th transaction in the United States.
  • This is Lee Enterprises’ 2nd transaction in Wisconsin.

M&A Deal Summary
Date 2019-01-28
Target Kenosha News
Sector Publishing
Buyer(s) Lee Enterprises
Sellers(s) United Communications
Deal Type Divestiture

Target

Kenosha News

Kenosha, Wisconsin, United States
Formed in 1894, Kenosha News is a daily morning newspaper published in Kenosha, Wisconsin, serving southeast Wisconsin and northeast Illinois.

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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 4 of 5
Sector (Publishing) 3 of 4
Type (Divestiture) 2 of 3
State (Wisconsin) 2 of 2
Country (United States) 4 of 5
Year (2019) 2 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-29 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.

Buy $140M

Seller(S) 1

SELLER

United Communications

Kenosha, Wisconsin, United States
Category Company
Sector Publishing
DESCRIPTION

United Communications Corp. is an operator of a newspaper publishing company based in Kenosha, Wisconsin.

DEAL STATS #
Overall 2 of 2
Sector (Publishing) 2 of 2
Type (Divestiture) 2 of 2
State (Wisconsin) 2 of 2
Country (United States) 2 of 2
Year (2019) 2 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.

Sell -
Mergr

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