Divestiture • Media

TEGNA Acquires KTVD-TV Channel 20

On June 26, 2006, TEGNA acquired media company KTVD-TV Channel 20 from Channel 20 TV Co. and Twenver Broadcast

Acquisition Context
  • This is TEGNA’s 4th transaction in the Media sector.
  • This is TEGNA’s 11th transaction in the United States.
  • This is TEGNA’s 1st transaction in Colorado.

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M&A Deal Summary

Date June 26, 2006
Target KTVD-TV Channel 20
Sector Media
Buyer(s) TEGNA
Sellers(s) Channel 20 TV Co.
Twenver Broadcast
Deal Type Divestiture

Target Company

KTVD-TV Channel 20

Colorado, United States
KTVD-TV Channel 20 provides t.v broadcasting satation.
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Buyer Overview 1

Buyer

TEGNA

Tysons, Virginia, United States

Category Company
Founded 1906
Sector Media
Employees6,430
Revenue 3.1B USD (2024)
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 was founded in 1906 and is based in Tysons, Virginia.


Deal Context for Buyer #
Overall 11 of 26
Sector: Media 4 of 14
Type: Divestiture 1 of 8
State: Colorado 1 of 1
Country: United States 11 of 26
Year: 2006 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-12 Planet Discover

Fort Mitchell, Kentucky, United States

Planet Discover LLC integrated local search solutions provide publishers with the versatility, flexibility, and scalability needed to deliver robust local search results from multiple content sources. Their platform is designed to deliver those results quickly and reliably to ensure the highest standard of performance and optimal user experience. Their technology gives users the depth of content they expect from publishers. It enables publishers to leverage their assets while building profitable revenue streams and strengthening their position as the best source for local information.

Buy -
FOLLOWING 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

Seller Profiles 2

SELLER

Channel 20 TV Co.

Denver, Colorado, United States

Category Company
Founded 1988
Sector Media
DESCRIPTION

Channel 20 TV Company operates the station and Twenver Broadcast, Inc. holds the FCC license.


Deal Context for Seller #
Overall 1 of 1
Sector: Media 1 of 1
Type: Divestiture 1 of 1
State: Colorado 1 of 1
Country: United States 1 of 1
Year: 2006 1 of 1
SELLER

Twenver Broadcast

Centennial, Colorado, United States

Category Company
Sector Media
DESCRIPTION

Twenver Broadcast, Inc. a broadcasting station .


Deal Context for Seller #
Overall 1 of 1
Sector: Media 1 of 1
Type: Divestiture 1 of 1
State: Colorado 1 of 1
Country: United States 1 of 1
Year: 2006 1 of 1