M&A Deal Summary

TEGNA Acquires Cooper Holdings

On May 6, 2019, TEGNA acquired media company Cooper Holdings from Cooper Holdings for 91M USD

Acquisition Highlights
  • This is TEGNA’s 13th transaction in the Media sector.
  • This is TEGNA’s 7th largest (disclosed) transaction.
  • This is TEGNA’s 25th transaction in the United States.
  • This is TEGNA’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2019-05-06
Target Cooper Holdings
Sector Media
Buyer(s) TEGNA
Sellers(s) Cooper Holdings
Deal Type Divestiture
Deal Value 91M USD

Target

Cooper Holdings

Atlanta, Georgia, United States
Cooper Holdings, Inc. (Justice Network & Quest Network) is a 24/7 broadcast television network that entertains and informs its viewers with gripping crime and investigation programming while making communities safer.

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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 25 of 26
Sector (Media) 13 of 14
Type (Divestiture) 8 of 8
State (Georgia) 2 of 2
Country (United States) 25 of 26
Year (2019) 1 of 1
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-15 The Big Lead

New York, New York, United States

The Big Lead operates as a sports blog. The Big Lead develops custom digital sports marketing programs. The Big Lead was founded in 2006 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-27 Locked On Podcast Network

United States

Locked On Podcast Network is a provider of podcast network for local sports. Locked On Podcast Network was founded in 2016 and is based in United States.

Buy -

Seller(S) 1

SELLER

Cooper Holdings

Atlanta, Georgia, United States
Category Company
Founded 2014
Sector Media
DESCRIPTION

Cooper Holdings, Inc. is a holdings company comprised of subsidiary companies in the marketing, sports and entertainment industries. Cooper Holdings, Inc. was founded in 2014 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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