M&A Deal Summary

Meredith Acquires KTVK-TV

On June 19, 2014, Meredith acquired media company KTVK-TV from TEGNA

Acquisition Highlights
  • This is Meredith’s 8th transaction in the Media sector.
  • This is Meredith’s 12th transaction in the United States.
  • This is Meredith’s 2nd transaction in Arizona.

M&A Deal Summary
Date 2014-06-19
Target KTVK-TV
Sector Media
Buyer(s) Meredith
Sellers(s) TEGNA
Deal Type Divestiture

Target

KTVK-TV

Phoenix, Arizona, United States
KTVK-TV, Inc.is a virtual channel 3 and it is a independent television station located in Phoenix, Arizona, United States.

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Buyer(S) 1

Buyer

Meredith

Des Moines, Iowa, United States
Category Company
Founded 1902
Sector Media
Employees5,290
Revenue 2.8B USD (2020)
DESCRIPTION
Meredith's corporate headquarters in downtown Des Moines, Iowa.
Meredith's corporate headquarters in downtown Des Moines, Iowa.

Meredith is a media and marketing company spanning broadcast television, print, and digital. Meredith is a leader in creating content across media platforms in key consumer interest areas such as food, home, parenthood and health through well-known brands such as Better Homes and Gardens, Parents and Allrecipes. Meredith was formed in 1902 and is based in Des Moines, Iowa.

DEAL STATS #
Overall 12 of 19
Sector (Media) 8 of 9
Type (Divestiture) 6 of 7
State (Arizona) 2 of 2
Country (United States) 12 of 19
Year (2014) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-19 KASW-TV

Phoenix, Arizona, United States

KASW-TV is a CW network affiliated television broadcasting station that serves and is located in Phoenix, Arizona region. KASW-TV is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-23 KASW-TV

Phoenix, Arizona, United States

KASW-TV is a CW network affiliated television broadcasting station that serves and is located in Phoenix, Arizona region. KASW-TV is based in Phoenix, Arizona.

Sell -

Seller(S) 1

SELLER

TEGNA

Tysons, Virginia, United States
Category Company
Founded 1906
Sector Media
Employees6,430
Revenue 2.9B USD (2020)
DESCRIPTION

TEGNA is a diversified media company. The Company operates through two business segments, Media and Digital. The Media segment comprises of 46 television stations in 38 markets. The Digital segment consists of the Cars.com (formerly Classified Ventures LLC) and CareerBuilder businesses. TEGNA, Inc. was formerly known as Gannett Co. TEGNA was originally established in 1906 and is based in Tysons, Virginia.

DEAL STATS #
Overall 2 of 10
Sector (Media) 1 of 1
Type (Divestiture) 2 of 8
State (Arizona) 1 of 1
Country (United States) 2 of 10
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-14 Six TV stations

United States

six television stations in the Lone Star State from London Broadcasting Co.

Buy $215M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-29 Gannett Healthcare Group

Hoffman Estates, Illinois, United States

Gannett Healthcare Group is a provider of continuing education, certification test preparation, online recruitment, digital media, publications and related services for nurses and other healthcare professionals in the United States.

Sell -
Mergr

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