M&A Deal Summary

Scripps Acquires Great American Country

On November 17, 2004, Scripps acquired media company Great American Country from Jones Media Networks for 140M USD

Acquisition Highlights
  • This is Scripps’ 2nd transaction in the Media sector.
  • This is Scripps’ 8th largest (disclosed) transaction.
  • This is Scripps’ 5th transaction in the United States.
  • This is Scripps’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2004-11-17
Target Great American Country
Sector Media
Buyer(s) Scripps
Sellers(s) Jones Media Networks
Deal Type Divestiture
Deal Value 140M USD

Target

Great American Country

Nashville, Tennessee, United States
Great American Country is a 24-hour country music video network . GAC is distributed via cable and satellite television systems nationwide to about 34 million Nielsen rated households.

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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 5 of 18
Sector (Media) 2 of 7
Type (Divestiture) 3 of 10
State (Tennessee) 1 of 1
Country (United States) 5 of 17
Year (2004) 1 of 1
Size (of disclosed) 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-19 Summit America Television

Naples,, Florida, United States

Summit America Television, Inc. operates television stations. The five television stations are KCNS, Channel 38, San Francisco; WMFP, Channel 62, Boston; WOAC, Channel 67, Cleveland; WSAH, Channel 43, Bridgeport; and WRAY, Channel 30, Raleigh/Durham.

Buy $184M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-06 Connexity

Santa Monica, California, United States

Connexity offers a range of marketing solutions including search marketing, syndicated product listings, targeted display advertising, and the Bizrate Insights customer feedback program. Connexity was founded in 1996 and is based in Santa Monica, California.

Buy $525M

Seller(S) 1

SELLER

Jones Media Networks

Englewood,, Colorado, United States
Category Company
Founded 1998
Sector Media
DESCRIPTION

Jones Media Networks, Ltd., is a full service media company with offices and studios in New York, Washington D.C., Denver, Seattle and Nashville and owns Jones MediaAmerica, Inc., the largest independent network radio sales representation company that sells national advertising for more than 120 radio programs, cable networks and satellite radio.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
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