M&A Deal Summary

Lee Enterprises Acquires Small Newspaper Group

On June 19, 2017, Lee Enterprises acquired publishing company Small Newspaper Group for 7M USD

Acquisition Highlights
  • This is Lee Enterprises’ 1st transaction in the Publishing sector.
  • This is Lee Enterprises’ 2nd largest (disclosed) transaction.
  • This is Lee Enterprises’ 2nd transaction in the United States.
  • This is Lee Enterprises’ 1st transaction in Illinois.

M&A Deal Summary
Date 2017-06-19
Target Small Newspaper Group
Sector Publishing
Buyer(s) Lee Enterprises
Deal Type Add-on Acquisition
Deal Value 7M USD

Target

Small Newspaper Group

Moline, Illinois, United States
Small Newspaper Group (Dispatch-Argus) is a publisher seven mornings a week, with a combined average daily circulation of more than 25,000.

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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 2 of 5
Sector (Publishing) 1 of 4
Type (Add-on Acquisition) 2 of 2
State (Illinois) 1 of 1
Country (United States) 2 of 5
Year (2017) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-01 Sioux City Newspapers

Sioux City, Iowa, United States

Sioux City Newspapers, Inc. is a provider of online journal on news, business, entertainment, living, opinion.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-02 Ledger Independent

Maysville, Kentucky, United States

Ledger Independent published five days a week with a print circulation of 3,654 daily, and maysville-online.com reaches more than 6,300 unique visitors each month.

Sell -
Mergr

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