M&A Deal Summary

Scripps Acquires Cordillera Communications - 15 Television Stations

On October 29, 2018, Scripps acquired media company Cordillera Communications - 15 Television Stations from Cordillera Communications

Acquisition Highlights
  • This is Scripps’ 6th transaction in the Media sector.
  • This is Scripps’ 16th transaction in the United States.
  • This is Scripps’ 2nd transaction in Minnesota.

M&A Deal Summary
Date 2018-10-29
Target Cordillera Communications - 15 Television Stations
Sector Media
Buyer(s) Scripps
Sellers(s) Cordillera Communications
Deal Type Divestiture

Target

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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Buyer(S) 1

Buyer

Scripps

Cincinnati, Ohio, United States
Category Company
Founded 1878
Sector Media
Employees5,200
Revenue 2.3B USD (2023)
DESCRIPTION

Scripps is a diverse media concern with interests in national lifestyle television networks, newspaper publishing, broadcast television, television retailing, interactive media and licensing and syndication. All of the company’s media businesses provide content and advertising services via the Internet. Scripps was founded in 1878 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 17 of 18
Sector (Media) 6 of 7
Type (Divestiture) 10 of 10
State (Minnesota) 2 of 2
Country (United States) 16 of 17
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-17 Triton Digital

Sherman Oaks, California, United States

Triton Digital LLC is an end-to-end software vendor to the digital audio marketplace, enabling audio streaming, advertising, audience measurement, and online presence to audio publishers. and Triton Digital provides services in over 40 countries, the Directors believe Triton to be one of the largest technology and service providers to the online audio industry. Triton Digital was founded in 2006 and is based in Sherman Oaks, California.

Buy $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-28 WeatherSphere

Los Angeles, California, United States

WeatherSphere is a mobile weather app developer that brings the latest weather information needed to plan a day and stay safe. Its product NOAA Hi-Def Radar combines science with simplicity.

Sell -

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 - 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.

Sell -
Mergr

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