M&A Deal Summary

Scripps Acquires ION Media Networks

On September 24, 2020, Scripps acquired media company ION Media Networks for 2.7B USD

Acquisition Highlights
  • This is Scripps’ 7th transaction in the Media sector.
  • This is Scripps’ largest (disclosed) transaction.
  • This is Scripps’ 17th transaction in the United States.
  • This is Scripps’ 3rd transaction in Florida.

M&A Deal Summary
Date 2020-09-24
Target ION Media Networks
Sector Media
Buyer(s) Scripps
Deal Type Add-on Acquisition
Deal Value 2.7B USD
Advisor(s) Skadden, Arps, Slate, Meagher & Flom
Cooley (Legal)

Target

ION Media Networks

Palm Beach, Florida, United States
ION Media Networks, Inc. operates a national television network featuring popular crime and justice procedural programming. ION Media Networks was founded in 1993 and is based in Palm Beach, Florida.

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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 18 of 18
Sector (Media) 7 of 7
Type (Add-on Acquisition) 8 of 8
State (Florida) 3 of 3
Country (United States) 17 of 17
Year (2020) 1 of 1
Size (of disclosed) 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-13 Stitcher

San Francisco, California, United States

Stitcher, Inc. is a mobile application for news and shows that allows users to discover radio shows, live radio stations and podcasts.

Sell $325M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-30 The E. W. Scripps Company - WPIX

Cincinnati, Ohio, United States

The E. W. Scripps Company - WPIX is a virtual and VHF digital channel 11, is a CW-affiliated television station licensed to New York, New York, United States.

Sell -
Mergr

Product

Company

Legal