M&A Deal Summary

Quincy Media Acquires Cordillera Communications - Tucson Station

On October 29, 2018, Quincy Media acquired media company Cordillera Communications - Tucson Station from Cordillera Communications

Acquisition Highlights
  • This is Quincy Media’s 1st transaction in the Media sector.
  • This is Quincy Media’s 1st transaction in the United States.
  • This is Quincy Media’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2018-10-29
Target Cordillera Communications - Tucson Station
Sector Media
Buyer(s) Quincy Media
Sellers(s) Cordillera Communications
Deal Type Divestiture

Target

Cordillera Communications - Tucson Station

Saint Paul, Minnesota, United States
Cordillera Communications LLC - Tucson Station owns and operates television stations produce more than 250 hours of local news and information every week. Stations support many community initiatives.

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Buyer(S) 1

Buyer

Quincy Media

Quincy, Illinois, United States
Category Company
Sector Media
DESCRIPTION

Quincy Media, Inc. is a family-owned media company that owns and operates television stations in 14 markets, newspapers in two markets, radio in one and digital platforms in all. Our footprint covers much of the upper Midwest – we have two or more properties in Illinois, Iowa, Minnesota and Wisconsin. QMI also operates television stations in Fort Wayne, Indiana, Bluefield, West Virginia and Binghamton, New York, as well as the New Jersey Herald newspaper in Newton, New Jersey. Our television network affiliations include ABC, NBC, CBS and FOX.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Cordillera Communications

Saint Paul, Minnesota, United States
Category Company
Founded 1986
Sector Media
DESCRIPTION

Cordillera Communications LLC owns and operates television stations in 11 geographically diverse small- and medium-sized markets, serving more than 2.3 million U.S. households. Cordillera is the broadcasting arm of Evening Post Industries, a family-controlled business based in Charleston, SC dating back to 1896. In addition to television stations, EPI owns a wide range of media assets including newspapers, marketing services, and digital companies, and non-media assets including commercial real estate, forestry, hospice care, and pharmaceutical sales.

DEAL STATS #
Overall 2 of 2
Sector (Media) 2 of 2
Type (Divestiture) 2 of 2
State (Minnesota) 2 of 2
Country (United States) 2 of 2
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Cordillera Communications - 15 Television Stations

Saint Paul, Minnesota, United States

Cordillera Communications LLC - 15 Television Stations are leaders in both ratings and revenue in 10 of 11 markets. Its history of consistently outperforming the competition is a credit to its deep community ties, highly qualified and dedicated employees, highly rated content, and award-winning news programming.

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