M&A Deal Summary

Scripps Acquires Summit America Television

On December 19, 2003, Scripps acquired media company Summit America Television for 184M USD

Acquisition Highlights
  • This is Scripps’ 1st transaction in the Media sector.
  • This is Scripps’ 6th largest (disclosed) transaction.
  • This is Scripps’ 4th transaction in the United States.
  • This is Scripps’ 2nd transaction in Florida.

M&A Deal Summary
Date 2003-12-19
Target Summit America Television
Sector Media
Buyer(s) Scripps
Deal Type Add-on Acquisition
Deal Value 184M USD

Target

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.

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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 4 of 18
Sector (Media) 1 of 7
Type (Add-on Acquisition) 2 of 8
State (Florida) 2 of 3
Country (United States) 4 of 17
Year (2003) 1 of 1
Size (of disclosed) 6 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-24 Shop At Home Television Network

Burnsville,, Minnesota, United States

Shop At Home Network, LLC provides old and new coins and precious metals, utility knives, watches, and sports memorabilia online.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-17 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.

Buy $140M
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