Divestiture • Media

Sinclair Telecable Acquires Emmis Austin Radio Broadcasting Co.

On June 10, 2019, Sinclair Telecable acquired media company Emmis Austin Radio Broadcasting Co. from Emmis

Acquisition Context
  • This is Sinclair Telecable’s 1st transaction in the Media sector.
  • This is Sinclair Telecable’s 1st transaction in the United States.
  • This is Sinclair Telecable’s 1st transaction in Texas.

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M&A Deal Summary

Date June 10, 2019
Target Emmis Austin Radio Broadcasting Co.
Sector Media
Buyer(s) Sinclair Telecable
Sellers(s) Emmis
Deal Type Divestiture

Target Company

Emmis Austin Radio Broadcasting Co.

Austin, Texas, United States
Emmis Austin Radio Broadcasting Co. LP operates six Austin radio stations and two FM translators in Austin, Texas.
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Buyer Overview 1

Buyer

Sinclair Telecable

Norfolk, Virginia, United States

Category Company
Sector Media
DESCRIPTION

Sinclair Telecable, Inc. owns and operates radio broadcasting services based in Norfolk, Virginia.


Deal Context for Buyer #
Overall 1 of 1
Sector: Media 1 of 1
Type: Divestiture 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2019 1 of 1

Seller Profile 1

SELLER

Emmis

Indianapolis, Indiana, United States

Category Company
Founded 1980
Sector Media
Employees234
Revenue 40M USD (2020)
DESCRIPTION
Entrance to Emmis Communications' corporate headquarters in Indianapolis, Indiana.
Entrance to Emmis Communications' corporate headquarters in Indianapolis, Indiana.

Emmis is a diversified media company, principally focused on radio broadcasting. Emmis owns radio stations in New York, Los Angeles, St. Louis, Austin, Indianapolis and Terre Haute. Emmis also develops and licenses TagStation, a cloud-based software platform that allows a broadcaster to manage album art, meta data and enhanced advertising on its various broadcasts, and developed NextRadio, a smartphone application that marries over-the-air FM radio broadcasts with visual and interactive features on smartphones. In addition to radio properties, Emmis publishes several city and regional magazines. Emmis was incorporated in 1980 and is based in Indianapolis, Indiana.


Deal Context for Seller #
Overall 6 of 6
Sector: Media 5 of 5
Type: Divestiture 6 of 6
State: Texas 2 of 2
Country: United States 6 of 6
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 Emmis Communications - Publishing Assets

Indianapolis, Indiana, United States

Emmis Communications Corp. - Publishing Assets includes Atlanta, Cincinnati, Orange Coast and Los Angeles magazines.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-11 Lencore Acoustics - Sound Masking Business

Woodbury, New York, United States

Lencore Acoustics Corp.'s Sound Masking Business provides sound masking solutions for offices and other commercial applications.

Buy -

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