M&A Deal Summary

Scripps Acquires Katz Broadcasting - Television Networks

On August 1, 2017, Scripps acquired media company Katz Broadcasting - Television Networks from Katz Broadcasting for 302M USD

Acquisition Highlights
  • This is Scripps’ 5th transaction in the Media sector.
  • This is Scripps’ 4th largest (disclosed) transaction.
  • This is Scripps’ 14th transaction in the United States.
  • This is Scripps’ 1st transaction in Georgia.

M&A Deal Summary
Date 2017-08-01
Target Katz Broadcasting - Television Networks
Sector Media
Buyer(s) Scripps
Sellers(s) Katz Broadcasting
Deal Type Divestiture
Deal Value 302M USD

Target

Katz Broadcasting - Television Networks

Atlanta, Georgia, United States
Katz Broadcasting LLC - Television Networks includes Bounce, Grit, Escape and Laff TV networks, Bounce TV launched in 2011 and is the first and only African-American broadcast network on television. The Bounce programming lineup features original dramas and off-network series, movies, specials, live sports and more. Grit launched in 2014 targeting men ages 25-54 with a lineup of Western, war and action films. Escape also launched in 2014, to reach women ages 25-54 with a brand of programming anchored in stories of investigation and mystery. Laff, the nation's first over-the-air network devoted to comedy around the clock, went live in 2015 with contemporary off-network sitcoms and popular movies geared toward an audience of adults ages 18-49.

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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 15 of 18
Sector (Media) 5 of 7
Type (Divestiture) 8 of 10
State (Georgia) 1 of 1
Country (United States) 14 of 17
Year (2017) 1 of 1
Size (of disclosed) 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-06 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.

Buy $5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-25 The E. W. Scripps Company - Radio Stations

Cincinnati, Ohio, United States

The E. W. Scripps Company - Radio Stations includes KFAQ (1170 AM), KHTT (106.9 FM), KVOO (98.5 FM), KXBL (99.5 FM) and KBEZ (92.9 FM).

Sell $13M

Seller(S) 1

SELLER

Katz Broadcasting

Atlanta, Georgia, United States
Category Company
Sector Media
DESCRIPTION

Katz Broadcasting LLC is a provider of broadcasting television services. Katz Broadcasting is based in Atlanta, Georgia.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
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