M&A Deal Summary

TEGNA Acquires Central Ohio Advertiser Network

On June 19, 2007, TEGNA acquired media company Central Ohio Advertiser Network from Journal Community Publishing Group

Acquisition Highlights
  • This is TEGNA’s 6th transaction in the Media sector.
  • This is TEGNA’s 13th transaction in the United States.
  • This is TEGNA’s 1st transaction in Ohio.

M&A Deal Summary
Date 2007-06-19
Target Central Ohio Advertiser Network
Sector Media
Buyer(s) TEGNA
Sellers(s) Journal Community Publishing Group
Deal Type Divestiture

Target

Central Ohio Advertiser Network

Carroll, Ohio, United States
Central Ohio Advertiser Network provides eight weekly shoppers with the Advertiser brand and multiple specialty products, as well as, a commercial print operation, Advantage Press and a 36,500-square-foot production facility located in Carroll, Ohio.

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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 13 of 26
Sector (Media) 6 of 14
Type (Divestiture) 3 of 8
State (Ohio) 1 of 2
Country (United States) 13 of 26
Year (2007) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-07 WATL-TV Channel 36

Atlanta, United States

WATL-TV Channel 36 provides broadcasting channels.

Buy $180M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-17 Schedule Star

Wheeling, West Virginia, United States

Schedule Star is a provider of cutting-edge software package, and now a Web 2.0 internet application. More than half the country’s athletic directors count on Schedule Star every day to organize, manage and maintain their office and communicate with their students and parents.

Buy -

Seller(S) 1

SELLER

Journal Community Publishing Group

Waupaca, Wisconsin, United States
Category Company
Founded 1972
Sector Media
DESCRIPTION

Founded in 1972, Journal Community Publishing Group is a diversified publishing and printing company with operations in Wisconsin. Journal Community Publishing Group is part of the Publishing business segment of Journal Communications, a diversified media and communications company.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Mergr

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