M&A Deal Summary

TEGNA Acquires HomeTown Communications Network

On March 31, 2005, TEGNA acquired media company HomeTown Communications Network

Acquisition Highlights
  • This is TEGNA’s 3rd transaction in the Media sector.
  • This is TEGNA’s 8th transaction in the United States.
  • This is TEGNA’s 1st transaction in Michigan.

M&A Deal Summary
Date 2005-03-31
Target HomeTown Communications Network
Sector Media
Buyer(s) TEGNA
Deal Type Add-on Acquisition

Target

HomeTown Communications Network

Livonia, Michigan, United States
HomeTown Communications Network, Inc., a community publishing company with publications in Michigan, Ohio and Kentucky. The HomeTown Communications Network features one daily and 62 weekly and twice-weekly community newspapers, with an aggregate, audited circulation greater than 740,000. The network also includes 24 community telephone directories with a total distribution of nearly 1,500,000; one shopping guide; and other specialty and niche publications.

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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 8 of 26
Sector (Media) 3 of 14
Type (Add-on Acquisition) 6 of 16
State (Michigan) 1 of 1
Country (United States) 8 of 26
Year (2005) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-06 ShopLocal

Chicago, Illinois, United States

Cofactor Digital is a digital marketing solutions provider, that connects online and offline shoppers across all channels and devices. Cofactor Digital was established in 1999 and is headquartered in Chicago, Illinois.

Buy $75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-10 PointRoll

King Of Prussia, Pennsylvania, United States

PointRoll, Inc. is a provider of rich media marketing services and technologies. Founded in April 2000, the Company enables advertisers, agencies and online publishers to measurably increase conversion opportunity, brand awareness, creative expression, and message content -- without disrupting the user's online experience. PointRoll's proprietary technology platform delivers a suite of rich media products including: Tomboy™ Universal 100K+, FatBoy™ expanding ads, TowelBoy™ snap-back units, and BadBoy™ floating ads, dramatically enhancing the impact of any Internet ad campaign.

Buy -
Mergr

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