M&A Deal Summary

Midwest Communications Acquires Emmis Communications - WTHI-FM and WWVR-FM Stations

On October 12, 2016, Midwest Communications acquired media company Emmis Communications - WTHI-FM and WWVR-FM Stations from Emmis for 4M USD

Acquisition Highlights
  • This is Midwest Communications’ 1st transaction in the Media sector.
  • This is Midwest Communications’ largest (disclosed) transaction.
  • This is Midwest Communications’ 1st transaction in the United States.
  • This is Midwest Communications’ 1st transaction in Indiana.

M&A Deal Summary
Date 2016-10-12
Target Emmis Communications - WTHI-FM and WWVR-FM Stations
Sector Media
Buyer(s) Midwest Communications
Sellers(s) Emmis
Deal Type Divestiture
Deal Value 4M USD

Target

Emmis Communications - WTHI-FM and WWVR-FM Stations

Indianapolis, Indiana, United States
Emmis Communications Corp. - WTHI-FM and WWVR-FM operates radio stations in Indiana markets.

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Buyer(S) 1

Buyer

Midwest Communications

Wausau, Wisconsin, United States
Category Company
Founded 1958
Sector Media
DESCRIPTION

Midwest Communications, Inc. is a family-owned media company with radio properties in Wisconsin, Michigan, Minnesota, North Dakota, South Dakota, Indiana, Illinois and Tennessee.

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 (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-12 Midwest Communications - WDKE-FM Station

Wausau, Wisconsin, United States

Midwest Communications, Inc. - WDKE-FM Station is an own and operator of radio stations.

Sell -

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 3 of 6
Sector (Media) 3 of 5
Type (Divestiture) 3 of 6
State (Indiana) 2 of 3
Country (United States) 3 of 6
Year (2016) 2 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-12 Emmis Communications - WFNF-AM WFNB-FM and WWVR Stations

Indianapolis, Indiana, United States

Emmis Communications Corp. - WFNF-AM, WFNB-FM and WWVR Stations is an own and operator of radio stations.

Sell $900K
FOLLOWING 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
Mergr

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