M&A Deal Summary

Yellow Book USA Acquires Gannett Community Directories

On July 15, 1996, Yellow Book USA acquired publishing company Gannett Community Directories from TEGNA

Acquisition Highlights
  • This is Yellow Book USA’s 1st transaction in the Publishing sector.
  • This is Yellow Book USA’s 1st transaction in the United States.
  • This is Yellow Book USA’s 1st transaction in New Jersey.

M&A Deal Summary
Date 1996-07-15
Target Gannett Community Directories
Sector Publishing
Buyer(s) Yellow Book USA
Sellers(s) TEGNA
Deal Type Divestiture

Target

Gannett Community Directories

New Jersey, United States
Gannett Community Directories, with offices in Paramus, NJ, had been the independent yellow pages publisher in the state of New Jersey. Their NJ directories have been publishing since 1952.

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Buyer(S) 1

Buyer

Yellow Book USA

New York,, New York, United States
Category Company
Sector Publishing
DESCRIPTION

Yellow Book Largest independent publisher of yellow pages directories in the U.S. Published over 250 directories with a combined circulation of 13 million in New York, New Jersey, Pennsylvania, Florida, Delaware, Maryland, Virginia, and Washington, DC.

DEAL STATS #
Overall 1 of 3
Sector (Publishing) 1 of 2
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 3
Year (1996) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-21 TransWestern Publishing

San Diego, California, United States

TransWestern Publishing Company, LLC operates as an independent yellow page directory publisher in the United States.

Buy $1.6B

Seller(S) 1

SELLER

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 1 of 10
Sector (Publishing) 1 of 4
Type (Divestiture) 1 of 8
State (New Jersey) 1 of 1
Country (United States) 1 of 10
Year (1996) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-12-04 Multimedia

Greenville, South Carolina, United States

Multimedia, Inc. is a diversified media company, headquartered in Greenville, S.C., which publishes 11 daily and 49 non-daily newspapers, operates five network-affiliated television stations in Cleveland, St. Louis, Cincinnati, Knoxville, and Macon, Ga., and two radio stations, also in Macon. Its cable television franchises serve more than 450,000 subscribers in five states.

Buy $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-06-13 Army Times Publishing

Springfield, Virginia, United States

Army Times Publishing, located in Springfield, Va., includes six weekly newspapers and one monthly publication. Titles include Army Times, Navy Times with a separate Marine Corps edition, Air Force Times, Federal Times, Defense News, Space News and Military Market.

Buy -
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