Tribune Media Mergers and Acquisitions Summary

Media Company

Tribune Media has acquired 10 companies of its own. A total of 4 acquisitions came from private equity firms. It has also divested 6 assets.

Tribune Media’s largest acquisition to date was in 2013, when it acquired Local TV for $2.7B. It’s largest disclosed sale occurred in 2000, when it sold Jeppesen to The Boeing for $1.5B. Tribune Media has acquired in 5 different US states. The Company’s most targeted sectors include media (38%) and staffing (25%).

Join Mergr and gain access to Tribune Media’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the media sector.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity8
    • M&A Sell Activity6
  • Total Sectors Invested 5
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 13
  • M&A Advisors 3

Tribune Media Co.

435 North Michigan Avenue,
Chicago, Illinois 60611
United States,
(212) 210-2786
www.tribunemedia.com

Tribune Media Co. is home to a diverse portfolio of television and digital properties driven by quality news, entertainment, and sports programming. Tribune Media is comprised of Tribune Media Broadcasting’s 42 owned or operated local television stations reaching approximately 50 million households, national entertainment cable network WGN America, whose reach is more than 77 million households, and a variety of digital applications and websites commanding 54 million monthly unique visitors online. Tribune Media also includes Chicago’s WGN-AM and the national multicast networks Antenna TV and THIS TV, and Covers Media Group, an unrivaled source of online sports betting information. Additionally, the Company owns and manages a significant number of real estate properties across the U.S. and holds a variety of investments, including a 31% interest in Television Food Network, G.P., which operates Food Network and Cooking Channel.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.0/yr) # 8 - - - - - 8
vol $3.6B $3.6B
Sell (0.0/yr) # 6 - - - - - 6
vol $2.2B $2.2B
  14

Most Recent M&A

Company Date Value Type
Gracenote, Inc. 2016-12-20 560M USD Divestiture
Emeryville, California · www.gracenote.com
ShopLocal LLC (Cofactor Digital) 2016-12-15 - Divestiture
Chicago, Illinois · www.cofactordigital.com
Tribune Publishing Co. 2014-08-04 - Spin Off
Chicago, Illinois · www.tribpub.com
Gracenote, Inc. 2013-12-23 170M USD Divestiture
Emeryville, California · www.gracenote.com
Chicago Tribune Co.,LLC 2013-12-20 - Add-on Acquisition
Chicago, Illinois · www.chicagotribune.com
Local TV LLC 2013-07-01 2.7B USD Add-on Acquisition
Ft. Wright, Kentucky · www.localtvllc.com
Newsday LLC 2008-07-29 650M USD Joint Venture
Melville, New York · www.newsday.com
Southern Connecticut Newspapers, Inc. 2007-11-01 - Divestiture
Greenwich, Connecticut
WATL-TV Channel 36 2006-08-07 180M USD Divestiture
Atlanta, United States
CareerBuilder, Inc. 2006-08-01 - Stake Purchase
Chicago, Illinois · www.careerbuilder.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
CareerBuilder, Inc. 2000-07-18 Textkernel B.V. 2020-09-29 2
Chicago, Illinois · www.careerbuilder.com Amsterdam, Netherlands · www.textkernel.com
CareerBuilder, Inc. 2000-07-18 CareerBuilder Employment Screening LLC 2020-02-04 1
Chicago, Illinois · www.careerbuilder.com Arlington Heights, Illinois · www.screen.careerbuilder.com
CareerBuilder, Inc. 2000-07-18 Economic Modeling Specialists, Inc. 2012-09-11 7
Chicago, Illinois · www.careerbuilder.com Moscow, Idaho · www.economicmodeling.com

M&A by Sector

Sector Buy # Value Sell # Value
Media 3 (38%) 3.4B (93%) 1 (17%) 180M (8%)
Staffing 2 (25%) - - -
Information Technology 1 (13%) 170M (5%) 1 (17%) 560M (25%)
Marketing 1 (13%) 75M (2%) 1 (17%) -
Publishing 1 (13%) - 1 (17%) -
Digital Media - - 1 (17%) -
Information Services - - 1 (17%) 1.5B (67%)
Total 8 $3.6B 6 $2.2B

By Geo

State/Country Buy Value Sell Value
United States 8 3.6B 6 2.2B
  Illinois 4 75M 2 -
  Connecticut 1 - 1 -
  California 1 170M 1 560M
  New York 1 650M - -
  Kentucky 1 2.7B - -
  Colorado - - 1 1.5B
Total 8 $3.6B 6 $2.2B

Top M&A Advisors

Financial Deals
Guggenheim Securities
1
Moelis & Co.
1
Legal Deals
Debevoise & Plimpton LLP
2

Deal Values

buy # Total
> $1B 1 $2.7B
$100M to $1B 2 $820M
< $100M 1 $75M
TOTAL $3.6B
Largest Local TV LLC
$2.7B (2013-07-01)
sell # Total
> $1B 1 $1.5B
$100M to $1B 2 $740M
TOTAL $2.2B
Largest Jeppesen, Inc.
$1.5B (2000-08-15)

M&A Connections

Deals
Acquired from
Investor(s)
25%
2 (25%)
Strategic(s)
13%
1 (13%)
Divested to
Strategic(s)
83%
5 (83%)

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