M&A Deal Summary

Scripps Acquires Stitcher

On June 6, 2016, Scripps acquired digital media company Stitcher from Deezer for 5M USD

Acquisition Highlights
  • This is Scripps’ 2nd transaction in the Digital Media sector.
  • This is Scripps’ 13th largest (disclosed) transaction.
  • This is Scripps’ 13th transaction in the United States.
  • This is Scripps’ 4th transaction in California.
Investment Fate
  • Stitcher was divested to a consortium of strategic buyers in 2020 for 325M USD.

M&A Deal Summary
Date 2016-06-06
Target Stitcher
Sector Digital Media
Buyer(s) Scripps
Sellers(s) Deezer
Deal Type Divestiture
Deal Value 5M USD

Target

Stitcher

San Francisco, California, United States
Stitcher, Inc. is a mobile application for news and shows that allows users to discover radio shows, live radio stations and podcasts.

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Buyer(S) 1

Buyer

Scripps

Cincinnati, Ohio, United States
Category Company
Founded 1878
Sector Media
Employees5,200
Revenue 2.3B USD (2023)
DESCRIPTION

Scripps is a diverse media concern with interests in national lifestyle television networks, newspaper publishing, broadcast television, television retailing, interactive media and licensing and syndication. All of the company’s media businesses provide content and advertising services via the Internet. Scripps was founded in 1878 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 14 of 18
Sector (Digital Media) 2 of 2
Type (Divestiture) 7 of 10
State (California) 4 of 5
Country (United States) 13 of 17
Year (2016) 2 of 2
Size (of disclosed) 13 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-12 Cracked

Santa Monica, California, United States

Cracked is a provider of website, mobile apps, original digital video, social media and a popular podcast.

Buy $39M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Katz Broadcasting - Television Networks

Atlanta, Georgia, United States

Katz Broadcasting LLC - Television Networks includes Bounce, Grit, Escape and Laff TV networks, Bounce TV launched in 2011 and is the first and only African-American broadcast network on television. The Bounce programming lineup features original dramas and off-network series, movies, specials, live sports and more. Grit launched in 2014 targeting men ages 25-54 with a lineup of Western, war and action films. Escape also launched in 2014, to reach women ages 25-54 with a brand of programming anchored in stories of investigation and mystery. Laff, the nation's first over-the-air network devoted to comedy around the clock, went live in 2015 with contemporary off-network sitcoms and popular movies geared toward an audience of adults ages 18-49.

Buy $302M

Seller(S) 1

SELLER

Deezer

Paris, France
Category Company
Founded 2006
Sector Digital Media
DESCRIPTION

Odyssey Music Group (dba Deezer) is a French online music website. Odyssey Music Group was formed in 2006 and is based in Paris.

DEAL STATS #
Overall 1 of 1
Sector (Digital Media) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-24 Stitcher

San Francisco, California, United States

Stitcher, Inc. is a mobile application for news and shows that allows users to discover radio shows, live radio stations and podcasts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-30 Dreamstage

New York, New York, United States

Dreamstage is a live streaming technology and sales platform that has delivered over 70 live shows since its launch in 2020, including Polo G, Chief Keef, Yo-Yo Ma, Train, Sean Paul, Mastodon and, in partnership with Driift, Dita Von Tesse, Little Mix, and Jonny Greenwood and Thom Yorke's new band, The Smile. Dreamstage is based in New York.

Buy $4M
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