M&A Deal Summary

The McClatchy Acquires The Herald-Sun

On December 21, 2016, The McClatchy acquired media company The Herald-Sun from Paxton Media Group

Acquisition Highlights
  • This is The McClatchy’s 2nd transaction in the Media sector.
  • This is The McClatchy’s 4th transaction in the United States.
  • This is The McClatchy’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2016-12-21
Target The Herald-Sun
Sector Media
Buyer(s) The McClatchy
Sellers(s) Paxton Media Group
Deal Type Divestiture

Target

The Herald-Sun

Paducah, Kentucky, United States
The Herald-Sun is a provider of media services in US.

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Buyer(S) 1

Buyer

The McClatchy

Sacramento, California, United States
Category Company
Founded 1860
Sector Publishing
Employees2,800
Revenue 710M USD (2019)
DESCRIPTION

The McClatchy Company is a news and information provider dedicated to the values of quality journalism, free expression and community service. McClatchy's operations include 29 daily newspapers, community newspapers, leading local websites, mobile news and advertising, niche publications, direct marketing and direct mail services. The McClatchy was founded in 1857 and is based in Sacramento, California.

DEAL STATS #
Overall 4 of 4
Sector (Media) 2 of 2
Type (Divestiture) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 4 of 4
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-15 ShopLocal

Chicago, Illinois, United States

Cofactor Digital is a digital marketing solutions provider, that connects online and offline shoppers across all channels and devices. Cofactor Digital was established in 1999 and is headquartered in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-20 CareerBuilder

Chicago, Illinois, United States

CareerBuilder provides comprehensive online recruiting products and services for job seekers and employers and has uniquely syndicated its trademarked technology and content to create a network of private-label career sites. CareerBuilder was founded in 1995 and is based in Chicago, Illinois.

Sell -

Seller(S) 1

SELLER

Paxton Media Group

Paducah, Kentucky, United States
Category Company
Founded 1896
Sector Media
DESCRIPTION

Paxton Media Group LLC is a family owned media company. It operates daily and non-daily publications and related digital products in more than 50 markets in ten Midwestern and Southern states.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Mergr

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