M&A Deal Summary

TEGNA Acquires Planet Discover

On May 12, 2006, TEGNA acquired internet software and services company Planet Discover

Acquisition Highlights
  • This is TEGNA’s 1st transaction in the Internet Software and Services sector.
  • This is TEGNA’s 10th transaction in the United States.
  • This is TEGNA’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2006-05-12
Target Planet Discover
Sector Internet Software and Services
Buyer(s) TEGNA
Deal Type Add-on Acquisition

Target

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.

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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 10 of 26
Sector (Internet Software and Services) 1 of 3
Type (Add-on Acquisition) 8 of 16
State (Kentucky) 1 of 1
Country (United States) 10 of 26
Year (2006) 1 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-26 KTVD-TV Channel 20

Colorado, United States

KTVD-TV Channel 20 provides t.v broadcasting satation.

Buy -
Mergr

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