M&A Deal Summary

Scripps Acquires Wmyd Inc & WKBW-TV License

On June 16, 2014, Scripps acquired media company Wmyd Inc & WKBW-TV License from Granite Broadcasting for 110M USD

Acquisition Highlights
  • This is Scripps’ 4th transaction in the Media sector.
  • This is Scripps’ 9th largest (disclosed) transaction.
  • This is Scripps’ 10th transaction in the United States.

M&A Deal Summary
Date 2014-06-16
Target Wmyd Inc & WKBW-TV License
Sector Media
Buyer(s) Scripps
Sellers(s) Granite Broadcasting
Deal Type Divestiture
Deal Value 110M USD

Target

Wmyd Inc & WKBW-TV License

United States
Wmyd Inc & WKBW-TV owns and operates a television broadcasting station. Wmyd Inc. is based in Southfield, Michigan and WKBW-TV License, Inc. is based in Buffalo, New York.

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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 11 of 18
Sector (Media) 4 of 7
Type (Divestiture) 5 of 10
Country (United States) 10 of 17
Year (2014) 3 of 3
Size (of disclosed) 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Newsy

Columbia, Missouri, United States

Newsy is a multisource video news service that highlights unique perspectives from across the media spectrum — providing what you need to know about the day's events. Through engaging video news bites available on the web and mobile devices, Newsy offers a broader view in a concise format.

Buy $35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-22 Midroll Media

Los Angeles, California, United States

Midroll Media LLC creates original podcasts and operates a network that generates revenue for more than 200 shows, including “StartUp” and “Nerdist.” Midroll Media is based in Los Angeles, California.

Buy -

Seller(S) 1

SELLER

Granite Broadcasting

New York, New York, United States
Category Company
Sector Media
Employees684
DESCRIPTION

Granite Broadcasting Corporation is a market leading owner of local media properties. The company's operations include broadcast TV affiliates, local cable TV channels, and local online and mobile media properties. Network affiliations include NBC, CBS, ABC, The CW and My Network TV, collectively reaching over 6% of U.S. television households. Granite's local media operations are characterized by innovative, best of breed management and market leading franchises.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 TV Station Group

New York, New York, United States

TV Station Group is a television broadcasting company formed in 2000 through a partnership between Alta Communications, Boston Ventures and George Lilly to purchase three CBS affiliates: Johnstown, PA, Binghamton, NY, and Charleston, WV.

Buy -
Mergr

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