M&A Deal Summary

TEGNA Acquires KTVD-TV Channel 20

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2006-06-26
Target KTVD-TV Channel 20
Sector Media
Buyer(s) TEGNA
Sellers(s) Channel 20 TV
Twenver Broadcast
Deal Type Divestiture

Target

KTVD-TV Channel 20

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

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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 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(S) 2

SELLER

Channel 20 TV

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 STATS #
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 STATS #
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
Mergr

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