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Divestiture • Publishing

Scripps Acquires Marco Island Eagle

On August 9, 2000, Scripps acquired publishing company Marco Island Eagle from The New York Times

Acquisition Context
  • This is Scripps’ 1st transaction in the Publishing sector.
  • This is Scripps’ 1st transaction in the United States.
  • This is Scripps’ 1st transaction in Florida.

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M&A Deal Summary
Date August 9, 2000
Target Marco Island Eagle
Sector Publishing
Buyer(s) Scripps
Sellers(s) The New York Times
Deal Type Divestiture

Target Company

Marco Island Eagle

Naples, Florida, United States
Marco Island Eagle is a weekly newspaper with a circulation of about 10,000.
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Buyer Overview 1

Buyer

Scripps

Cincinnati, Ohio, United States
Category Company
Founded 1878
Sector Media
Employees5,000
Revenue 2.5B USD (2024)
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 Context for Buyer #
Overall 1 of 18
Sector: Publishing 1 of 2
Type: Divestiture 1 of 10
State: Florida 1 of 3
Country: United States 1 of 17
Year: 2000 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-10-05 The Gleaner

Henderson,, Kentucky, United States

The Gleaner is a daily newspaper, published Tuesday through Sunday, with a circulation of about 11,000 daily and 13,000 on Sundays.

Buy -

Seller Profile 1

SELLER

The New York Times

New York, New York, United States
Category Company
Founded 1851
Sector Publishing
Employees5,900
Revenue 2.6B USD (2024)
DESCRIPTION
The New York Times Co.'s corporate headquarters in New York City.
The New York Times Co.'s corporate headquarters in New York City.

New York Times is a multinational media company. The Company's flagship news publication is the The New York Times newspaper, offered both in print and online. New York Times was formed in 1851 and is based in New York, New York.

Deal Context for Seller #
Overall 1 of 4
Sector: Publishing 1 of 2
Type: Divestiture 1 of 3
State: Florida 1 of 2
Country: United States 1 of 4
Year: 2000 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-06-11 The Boston Globe

Boston, Massachusetts, United States

The Boston Globe is a daily newspaper serving the Boston metropolitan area.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-18 About.com

New York, New York, United States

About.com is a web collection of user-generated content covering a variety of topics and subjects. It was formed in 1996 and is based in New York City.

Buy $410M

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