M&A Deal Summary

TEGNA Acquires Army Times Publishing

On June 13, 1997, TEGNA acquired publishing company Army Times Publishing

Acquisition Highlights
  • This is TEGNA’s 1st transaction in the Publishing sector.
  • This is TEGNA’s 2nd transaction in the United States.
  • This is TEGNA’s 1st transaction in Virginia.

M&A Deal Summary
Date 1997-06-13
Target Army Times Publishing
Sector Publishing
Buyer(s) TEGNA
Deal Type Add-on Acquisition

Target

Army Times Publishing

Springfield, Virginia, United States
Army Times Publishing, located in Springfield, Va., includes six weekly newspapers and one monthly publication. Titles include Army Times, Navy Times with a separate Marine Corps edition, Air Force Times, Federal Times, Defense News, Space News and Military Market.

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Buyer(S) 1

Buyer

TEGNA

Tysons, Virginia, United States
Category Company
Founded 1906
Sector Media
Employees6,430
Revenue 2.9B USD (2020)
DESCRIPTION

TEGNA is a diversified media company. The Company operates through two business segments, Media and Digital. The Media segment comprises of 46 television stations in 38 markets. The Digital segment consists of the Cars.com (formerly Classified Ventures LLC) and CareerBuilder businesses. TEGNA, Inc. was formerly known as Gannett Co. TEGNA was originally established in 1906 and is based in Tysons, Virginia.

DEAL STATS #
Overall 2 of 26
Sector (Publishing) 1 of 2
Type (Add-on Acquisition) 1 of 16
State (Virginia) 1 of 1
Country (United States) 2 of 26
Year (1997) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-07-15 Gannett Community Directories

New Jersey, United States

Gannett Community Directories, with offices in Paramus, NJ, had been the independent yellow pages publisher in the state of New Jersey. Their NJ directories have been publishing since 1952.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-28 Central Newspapers

Phoenix, Arizona, United States

Central Newspapers is a media and information company. Through its flagship newspapers The Arizona Republic and The Indianapolis Star, Central publishes the only major dailies in the greater Phoenix metropolitan area and central Indiana, and also operates those markets' leading local Internet portals, azcentral.com in Arizona and indy.com in Indianapolis.

Buy $2.6B
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