Like Eight Television Stations

announced 3/20/2019 via PR Newswire

The E.W. Scripps Company, will purchase Eight Television Stations from Nexstar Media Group

synopsis: The E.W. Scripps Company is acquiring eight television stations in seven markets from the Nexstar Media Group, Inc., one of the largest local TV station operators in the country. The acquisition includes WPIX, KASW, WSFL, KSTU, WTKR, WGNT, WTVR and WXMI.
buyer: The E.W. Scripps Company (SSP:$1,599.45)
The E.W. Scripps Company serves audiences and businesses through a growing portfolio of local and national media brands. With 36 television stations, Scripps is one of the nation's largest independent TV station owners. "
seller: Nexstar Media Group (NXST:$4,858.07)
The acquisition includes eight television stations in seven markets from the Nexstar Media Group, one of the largest local TV station operators in the country. They are acquiring WPIX, KASW, WSFL, KSTU, WTKR, WGNT, WTVR and WXMI.
price ($mm)
$580
rev ($mm)
$263
EBITDA ($mm)
$56
EV / rev
2.2x
EV / EBITDA
10.4x
closed 8/1/2022 via GlobeNewswire

Imagicomm Communications, purchased TV Stations in 12 Markets from Cox Media Group, Inc.

synopsis: Cox Media Group (CMG) and INSP, LLC, announced that they have closed the transaction regarding CMG’s sale of TV stations in 12 markets to Imagicomm Communications, an affiliate of INSP.
buyer parent: INSP, LLC
buyer: Imagicomm Communications
Imagicomm Communications is an affiliate of INSP, LLC responsible for the ownership and management of broadcast-related functions for the organization, including content distribution in the broadcast environment, station ownership, oversight and development. "
seller parent: Apollo Global Management
seller: Cox Media Group, Inc.
The acquisition includes TV stations in 12 markets from Cox Media Group, an integrated broadcasting, publishing, direct marketing and digital media company. The company's operations include broadcast television stations, radio stations, daily newspapers and non-daily publications.
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announced 2/23/2022 via PR Newswire

Standard General L.P., will acquire WFXT Boston

synopsis: Standard General, a company that manages capital for public and private pension funds, endowments, foundations, and high-net-worth individuals, is to acquire Cox Media Group's WFXT/Boston, a Fox-affiliated television station licensed to Boston, Massachusetts.
buyer: Standard General L.P.
Standard General was founded in 2007 and manages capital for public and private pension funds, endowments, foundations, and high-net-worth individuals. "
target parent: Apollo Global Management
target: WFXT Boston
WFXT, virtual channel 25 (UHF digital channel 34), is a Fox-affiliated television station licensed to Boston, Massachusetts, United States.
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announced 2/23/2022 via PR Newswire

Cox Media Group, Inc., will acquire Community News Media LLC

synopsis: Cox Media Group is to acquire the station group currently owned by Standard General's affiliate, Community News Media LLC. Community News Media LLC is comprised of the television stations KBSI (Fox) – Cape Girardeau, Missouri, KLKN (ABC) – Lincoln, Nebraska, WDKA (MyNet) – Paducah, Kentucky, and WLNE-TV(ABC) – New Bedford, Massachusetts.
buyer parent: Apollo Global Management
buyer: Cox Media Group, Inc.
Cox Media Group (CMG) is an integrated broadcasting, publishing, direct marketing and digital media company. The company's operations include broadcast television stations, radio stations, daily newspapers and non-daily publications. "
target parent: Standard General L.P.
target: Community News Media LLC
Community News Media LLC is comprised of the television stations KBSI (Fox) – Cape Girardeau, Missouri, KLKN (ABC) – Lincoln, Nebraska, WDKA (MyNet) – Paducah, Kentucky, and WLNE-TV(ABC) – New Bedford, Massachusetts.
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closed 12/1/2021 via GlobeNewswire

Gray Television, Inc., purchased TV Station Division from Meredith Corporation

synopsis: Magazine publisher and multimedia company Meredith Corp. has sold its Local Media Group which owns 17 television stations in 12 local markets, to Gray Television Inc., a leading media company that owns and operates high-quality stations in 94 television markets.
buyer: Gray Television, Inc. (GTN:$2,391.00)
Gray Television is a leading media company that owns and operates high-quality stations in 94 television markets. With a rich history of over a century and more than 70 years of broadcast television specific expertise, Gray Television delivers meaningful content to millions of viewers each day. "
seller: Meredith Corporation (NYSE:MDP:$2,879.70)
The acquisition includes the Local Media Group of Meredith Corporation consisting of 17 television stations in 12 local markets. Meredith Corporation is an American media conglomerate based in Des Moines, Iowa. The company owns magazines, television stations, websites, and radio stations.
price ($mm)
$2,825
rev ($mm)
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closed 5/28/2020 via BNC Analysis

Gray Television, Inc., acquired KATH-TV and KSCT-TV

synopsis: GCI subsidiary Denali Media Holdings has announced the sale of its NBC affiliates in southeast Alaska to Gray Television. The sale includes KATH and KSCT stations in the Juneau and Sitka markets. Denali Media Holdings was established in 2012 and owns KTVA (CBS) in Anchorage along with three CBS stations in Juneau, Sitka and Ketchikan.
buyer: Gray Television, Inc. (GTN:$2,391.00)
Gray owns and/or operates television stations and leading digital properties in 91 television markets, including the first or second highest rated television station in 85 markets. "
target parent: General Communication, Inc
target: KATH-TV and KSCT-TV
KATH and KSCT serve NBC "Must See TV" to viewers in Alaska's capital city of Juneau, as well as to Sitka, Ketchikan, Petersburg, Wrangell, Angoon and other communities throughout Southeast Alaska, via broadcast, GCI cable, DishNet and DirecTV.
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closed 12/31/2019 via BNC Analysis

Urban One, Inc., acquired WQMC-LD

synopsis: Urban One, the largest diversified media company that primarily targets Black Americans and urban consumers in the US, has acquired WQMC-LD (GTN or Media Columbus), a low-power independent commercial television station in Columbus, Ohio.
buyer: Urban One, Inc. (ROIAK:$387.79)
Urban One, Inc., formerly known as Radio One, Inc., together with its subsidiaries, is the largest diversified media company that primarily targets Black Americans and urban consumers in the United States. "
target: WQMC-LD
WQMC-LD (GTN or Media Columbus) is a low-power independent commercial television station in Columbus, Ohio. It broadcasts locally on channel 23. They broadcast in the Columbus metro area which reaches a majority of the 2.5 million residents of the overall Columbus DMA.
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announced 11/25/2019 via Company Press Release

Standard Media Group LLC, will purchase Nine Television Stations from Waypoint Media, LLC

synopsis: Standard Media Group, an innovative and diverse broadcast media company, has announced its agreement to acquire nine television stations across six markets from Waypoint Media and Vision Communications.
buyer: Standard Media Group LLC
Standard Media Group is an innovative and diverse broadcast media company committed to serving local communities. Headquartered in Nashville, Tennessee, Standard Media’s leadership team has a long history of building strong, local television and digital media properties. "
seller: Waypoint Media, LLC
The transaction includes the following stations from Waypoint Media: FOX & NBC affiliate WGBC-TV; FOX affiliate WHPM-LD; NBC affiliate WNBJ-LD; FOX and CBS affiliate KJNB-LD and KJNE-LD; FOX and NBC WPBI-LD, along with ABC affiliate WPBY-LD; as well as FOX affiliate WYDC-TV and MyNet affiliate WJKP.
price ($mm)
$59
rev ($mm)
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closed 11/20/2019 via BNC Analysis

Lilly Broadcasting LLC, acquired WCVI

synopsis: Lilly Broadcasting, a privately owned American broadcasting company headquartered in Erie, Pa., has acquired WCVI in the U.S. Virgin Islands. WCVI is an ABC affiliate, and recently added CBS programming. Family Broadcasting Corporation is the seller and the price was not disclosed.
buyer: Lilly Broadcasting LLC
Lilly Broadcasting, LLC is a privately owned American broadcasting company headquartered in Erie, Pa. and its stations include WICU Erie and WENY Elmira. It also owns and operates One Caribbean Television. "
target parent: Family Broadcasting Group, Inc.
target: WCVI
WCVI-TV is a dual CBS/ABC-affiliated television station serving the United States Virgin Islands that is licensed to Christiansted, Saint Croix.
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announced 11/5/2019 via BusinessWire

Fox Television Stations, will purchase KCPQ, KZJO and WITI from Nexstar Media Group

synopsis: Nexstar Media Group, one of the largest local TV station operators in the country, is to divest the Seattle FOX Affiliate KCPQ and MyNetworkTV Affiliate KZJO and the Milwaukee FOX Affiliate WITI to Fox Television Stations, LLC, a subsidiary of Fox Corporation.
buyer parent: The Walt Disney Company
buyer: Fox Television Stations
FOX Television Stations owns and operates 28 full power broadcast television stations in the U.S. These include stations located in nine of the top ten largest designated market areas, or DMAs, and duopolies in 11 DMAs, including the three largest DMAs (New York, Los Angeles and Chicago). "
seller: Nexstar Media Group (NXST:$4,858.07)
The acquisition includes the Seattle FOX Affiliate KCPQ and MyNetworkTV Affiliate KZJO and the Milwaukee FOX Affiliate WITI from Nexstar Media Group, one of the largest local TV station operators in the country.
price ($mm)
$350
rev ($mm)
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announced 11/5/2019 via BusinessWire

Nexstar Media Group, will purchase WJZY and WMYT from Fox Television Stations

synopsis: Nexstar Media Group, Inc. entered into a purchase and sale agreement with Fox Television Stations, LLC, a subsidiary of Fox Corporation, whereby Nexstar will purchase from FOX, the FOX Affiliate WJZY and MyNetworkTV Affiliate WMYT, both located in Charlotte, NC.
buyer: Nexstar Media Group (NXST:$4,858.07)
Nexstar Media Group is one of the largest local TV station operators in the country. They have 174 full power television stations in 100 markets addressing nearly 38.7% of US television households, and a diversified, growing digital media operation. "
seller parent: The Walt Disney Company
seller: Fox Television Stations
The acquisition includes the Charlotte FOX Affiliate WJZY and MyNetworkTV Affiliate WMYT from Fox Television Stations, LLC, a subsidiary of Fox Corporation. Both stations are located in Charlotte, North Carolina.
price ($mm)
$45
rev ($mm)
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announced 10/23/2019 via PR Newswire

Entertainment Studios, will purchase 11 Television Stations from Heartland Media LLC

synopsis: Entertainment Studios, one of the largest independent producers and distributors of film and television, with 64 shows on the air, will acquire 11 broadcast television stations from Heartland Media (USA Television Holdings). The 11 broadcast television stations from Heartland Media (USA TV) include stations across multiple US markets.
buyer: Entertainment Studios
Byron Allen founded Entertainment Studios in 1993. Headquartered in Los Angeles, it has offices in New York, Chicago, Atlanta, and Raleigh. Entertainment Studios owns 15 U.S. broadcast television stations and nine 24-hour HD television networks serving nearly 160 million subscribers. "
seller: Heartland Media LLC
The 11 broadcast television stations from Heartland Media (USA TV) include stations across multiple US markets. They include WAAY (Huntsville, AL), WFFT (Ft. Wayne, IN), KEZI (Eugene, OR), KNVN (Chico-Redding, CA), KIMT (Rochester, MN), WLFI (Lafayette, IN) and more.
price ($mm)
$290
rev ($mm)
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announced 5/22/2019 via Company Press Release

Standard Media Group LLC, will purchase WLNE-TV and KLKN-TV from Citadel Communications Ltd.

synopsis: Standard Media, an innovative and diverse broadcast media company, will acquire WLNE-TV, the ABC affiliate for the Providence, RI – New Bedford, MA market (DMA 52) and KLKN(TV), the ABC affiliate for the Lincoln & Hastings-Kearney, NE market (DMA 105), from Citadel Communications.
buyer: Standard Media Group LLC
Standard Media Group is an innovative and diverse broadcast media company committed to serving local communities. Headquartered in Nashville, Tennessee, Standard Media’s leadership team has a long history of building strong, local television and digital media properties. "
seller: Citadel Communications Ltd.
WLNE-TV is the ABC affiliate for the Providence, RI – New Bedford, MA market (DMA 52) and KLKN(TV) is the ABC affiliate for the Lincoln & Hastings-Kearney, NE market (DMA 105). Citadel Communications Ltd. is an American private broadcasting company based in New York.
price ($mm)
$83
rev ($mm)
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announced 4/4/2019 via Company Press Release

News-Press & Gazette Company, will acquire KQTV

synopsis: News-Press & Gazette Company (NPG), a family owned and operated media company, will acquire KQTV (KQ2) from Heartland Media, LLC, a broadcast media company. KQ2 is a television station in St. Joseph, MO. KQ2 is the leading provider of local news, weather, sports, community events and breaking news in the Northwest Missouri and the four-state area.
buyer: News-Press & Gazette Company
News-Press & Gazette Company (NPG) is a family owned and operated media company based in St. Joseph, MO. NPG owns and operates 13 daily and weekly newspapers in Missouri and Kansas. NPG also operates 15 radio and television stations in 6 states. "
target parent: Heartland Media LLC
target: KQTV
KQTV (KQ2) is a television station in St. Joseph, MO. KQ2 is the leading provider of local news, weather, sports, community events and breaking news in the Northwest Missouri and the four-state area. KQ2 has a broadcast radius of 100 miles and reaches more than 100,000 households in 32 counties.
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closed 9/19/2019 via BusinessWire

TEGNA Inc., purchased 11 Local Television Stations from Nexstar Media Group

synopsis: TEGNA Inc. announced that it has completed its previously announced acquisition of 11 local television stations, including eight Big Four affiliates, from Nexstar Media Group. The stations include WTIC/WCCT, WPMT, WATN/WLMT, WNEP, WOI/KCWI, WZDX, WQAD and KFSM.
buyer: TEGNA Inc. (TGNA:$2,991.09)
TEGNA Inc. is an innovative media company that serves the greater good of our communities. With 49 television stations and two radio stations in 41 markets, TEGNA delivers relevant content and information to consumers across platforms. "
seller: Nexstar Media Group (NXST:$4,858.07)
The acquisition includes 11 local television stations from Nexstar Media. The stations include WTIC/WCCT, WPMT, WATN/WLMT, WNEP, WOI/KCWI, WZDX, WQAD and KFSM.
price ($mm)
$740
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/6/2019 via Yahoo, Inc.

Lockwood Broadcast Group, will purchase WCAV and WVAW from Gray Television, Inc.

synopsis: Gray Television, Inc. announced that they have entered into agreements to sell their Charlottesville, Virginia, television stations WCAV (CBS/FOX) and WVAW (ABC) to an affiliate of Lockwood Broadcasting, Inc., a television broadcasting company that primarily owns CW affiliates in several markets.
buyer: Lockwood Broadcast Group
Lockwood Broadcast Group is a television broadcasting company that primarily owns CW affiliates in several markets. Lockwood Broadcast main offices are located in Hampton, VA with Operation Headquarters in Richmond, VA. "
seller: Gray Television, Inc. (GTN:$2,391.00)
The acquisition includes the Charlottesville, Virginia, television stations WCAV (CBS/FOX) and WVAW (ABC) from Gray Television, an American publicly traded television broadcasting company based in Atlanta, Georgia.
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announced 3/4/2019 via Company Press Release

Gray Television, Inc., will acquire WVIR-TV

synopsis: Florida-based Waterman Broadcasting, is selling WVIR-TV NBC29 to Gray Television. WVIR-TV NBC29 is a local news NBC affiliate in Charlottesville VA. They offer local news, weather, sports and more.
buyer: Gray Television, Inc. (GTN:$2,391.00)
Gray owns and/or operates television stations and leading digital properties in 91 television markets, including the first or second highest rated television station in 85 markets. "
target parent: Waterman Broadcasting
target: WVIR-TV
WVIR-TV NBC29 is a local news NBC affiliate in Charlottesville VA. They offer local news, weather, sports and more.
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announced 2/13/2019 via Company Press Release

Gray Television, Inc., will purchase WWNY, WNYF and KEYC from United Communications Corporation

synopsis: Gray Television, Inc. announced that it has reached an agreement with United Communications to acquire United’s television stations, WWNY-TV (CBS) and WNYF-CD (FOX) in Watertown, New York (DMA 178) and KEYC-TV (CBS/FOX) in Mankato, Minnesota (DMA 199).
buyer: Gray Television, Inc. (GTN:$2,391.00)
Gray owns and/or operates television stations and leading digital properties in 91 television markets, including the first or second highest rated television station in 85 markets. "
seller: United Communications Corporation
The acquisition includes three television stations from United Communications, including WWNY-TV (CBS) and WNYF-CD (FOX) in Watertown, New York (DMA 178) and KEYC-TV (CBS/FOX) in Mankato, Minnesota (DMA 199).
price ($mm)
$45
rev ($mm)
EBITDA ($mm)
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announced 10/30/2018 via Market Watch

The E.W. Scripps Company, will purchase 15 TV Stations from Cordillera Communications

synopsis: E.W. Scripps is to buy 15 television stations in 10 markets from Cordillera Communications, a company based in Saint Paul, MN that owns and operates television stations and digital news platforms in 11 geographically diverse small and medium-sized markets, serving more than 2.3 million U.S. households.
buyer: The E.W. Scripps Company (SSP:$1,599.45)
The E.W. Scripps Company serves audiences and businesses through a growing portfolio of local and national media brands. With 33 television stations, Scripps is one of the nation’s largest independent TV station owners. "
seller parent: Evening Post Industries
seller: Cordillera Communications
The acquisition includes 15 television stations in 10 markets from Cordillera Communications. Cordillera owns and operates television stations and digital news platforms in 11 geographically diverse small- and medium-sized markets, serving more than 2.3 million U.S. households.
price ($mm)
$521
rev ($mm)
EBITDA ($mm)
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closed 10/30/2018 via BNC Analysis

Quincy Media, acquired WSIL-TV

synopsis: Quincy Media , one of the largest local journalism companies in the country, has acquired WSIL-TV, the ABC Network affiliate serving southern Illinois, western Kentucky, and southeast Missouri. This acquisition will extend QMI ownership to 15 television markets. The company owns one additional newspaper, the Quincy Herald-Whig, in Illinois.
buyer: Quincy Media
Quincy Media Inc. is one of the largest local journalism companies in the country. The family-owned company began as Quincy Newspapers Inc. in 1926. The company changed its name to Quincy Media Inc. in 2016 and now has properties in 16 television markets. "
target parent: Mel Wheeler, Inc.
target: WSIL-TV
WSIL-TV is the ABC Network affiliate serving southern Illinois, western Kentucky, and southeast Missouri. WSIL broadcasts a high definition digital signal and operates a full-time satellite, KPOB-TV in Poplar Bluff, Missouri, airing a high definition digital signal.
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closed 10/3/2022 via BusinessWire

Nexstar Media Group, acquired The CW Network

synopsis: Nexstar Media Group, Inc. announced that it has completed the acquisition of a 75 percent ownership interest in The CW Network, LLC from Warner Bros. Discovery and Paramount Global, the current co-owners of The CW.
buyer: Nexstar Media Group (NXST:$4,858.07)
Nexstar Media Group is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital, and mobile media platforms. "
target parent: Discovery Communications, Inc.
target: The CW Network
The CW Television Network (commonly referred to as simply The CW) is an American English-language commercial broadcast television network. The network currently runs programming seven days a week: airing nightly in prime time, along with a Saturday morning live-action educational programming block.
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closed 8/20/2021 via Company Press Release

Nexstar Media Group, acquired The Hill

synopsis: Nexstar Media Inc., a wholly-owned subsidiary of Nexstar Media Group, Inc., announced that it has acquired The Hill, the nation’s leading, independent, political digital media platform. The Hill is the premier source for policy and political coverage, reporting on every aspect of the business of Washington and the campaign trail.
buyer: Nexstar Media Group (NXST:$4,858.07)
Nexstar Media Group is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital, and mobile media platforms. "
target parent: News Communications, Inc.
target: The Hill
The Hill is the premier source for policy and political coverage, reporting on every aspect of the business of Washington and the campaign trail. It is the largest independent political news site in the United States, and is second in online political news readership behind CNN.
price ($mm)
$130
rev ($mm)
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closed 1/11/2021 via BusinessWire

Verve Group, Inc., acquired Nexstar Digital

synopsis: Verve Group, a global brand performance ad platform, announced the acquisition of Nexstar Inc.’s digital video advertising technology platform, formerly known as LKQD. Nexstar's digital media products and services focus on providing innovative solutions to media companies and advertisers looking to gain an edge in the shifting digital landscape.
buyer parent: Media and Games Invest plc
buyer: Verve Group, Inc.
Verve is a location-based mobile marketing platform that connects advertisers with consumers to deliver successful business outcomes. They empower marketers to identify, reach, and engage consumers with compelling mobile advertising experiences. "
target parent: Nexstar Media Group
target: Nexstar Digital
Nexstar's digital media products and services focus on providing innovative solutions to media companies and advertisers looking to gain an edge in the shifting digital landscape.
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announced 12/16/2020 via BusinessWire

Nexstar Media Group, will acquire BestReviews LLC

synopsis: Nexstar Inc., a wholly-owned subsidiary of Nexstar Media Group, Inc., announced that it entered into a definitive agreement to acquire leading consumer product recommendations company BestReviews from Tribune Publishing Company.
buyer: Nexstar Media Group (NXST:$4,858.07)
Nexstar Media Group is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital, and mobile media platforms. "
target parent: Tribune Publishing Company, LLC
target: BestReviews LLC
BestReviews simplifies the way consumers buy products and services across thousands of categories by independently researching, analyzing, and testing products and recommending the best picks.
price ($mm)
$160
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/5/2019 via BusinessWire

Fox Television Stations, will purchase KCPQ, KZJO and WITI from Nexstar Media Group

synopsis: Nexstar Media Group, one of the largest local TV station operators in the country, is to divest the Seattle FOX Affiliate KCPQ and MyNetworkTV Affiliate KZJO and the Milwaukee FOX Affiliate WITI to Fox Television Stations, LLC, a subsidiary of Fox Corporation.
buyer parent: The Walt Disney Company
buyer: Fox Television Stations
FOX Television Stations owns and operates 28 full power broadcast television stations in the U.S. These include stations located in nine of the top ten largest designated market areas, or DMAs, and duopolies in 11 DMAs, including the three largest DMAs (New York, Los Angeles and Chicago). "
seller: Nexstar Media Group (NXST:$4,858.07)
The acquisition includes the Seattle FOX Affiliate KCPQ and MyNetworkTV Affiliate KZJO and the Milwaukee FOX Affiliate WITI from Nexstar Media Group, one of the largest local TV station operators in the country.
price ($mm)
$350
rev ($mm)
EBITDA ($mm)
EV / rev
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announced 11/5/2019 via BusinessWire

Nexstar Media Group, will purchase WJZY and WMYT from Fox Television Stations

synopsis: Nexstar Media Group, Inc. entered into a purchase and sale agreement with Fox Television Stations, LLC, a subsidiary of Fox Corporation, whereby Nexstar will purchase from FOX, the FOX Affiliate WJZY and MyNetworkTV Affiliate WMYT, both located in Charlotte, NC.
buyer: Nexstar Media Group (NXST:$4,858.07)
Nexstar Media Group is one of the largest local TV station operators in the country. They have 174 full power television stations in 100 markets addressing nearly 38.7% of US television households, and a diversified, growing digital media operation. "
seller parent: The Walt Disney Company
seller: Fox Television Stations
The acquisition includes the Charlotte FOX Affiliate WJZY and MyNetworkTV Affiliate WMYT from Fox Television Stations, LLC, a subsidiary of Fox Corporation. Both stations are located in Charlotte, North Carolina.
price ($mm)
$45
rev ($mm)
EBITDA ($mm)
EV / rev
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announced 4/8/2019 via BNC Analysis

Circle City Broadcasting I, Inc, will purchase WISH and WNDY from Nexstar Media Group

synopsis: Nexstar, one of the largest local TV station operators in the country, announced that it was selling WISH, the CW affiliate and WNDY, the MyNetworkTV affiliate, to Circle City Broadcasting, a newly formed minority-led broadcaster owned by DuJuan McCoy.
buyer: Circle City Broadcasting I, Inc
Circle City Broadcasting I is a newly-formed minority-led broadcaster. Owned by DuJuan McCoy, the broadcaster is set to focus on the Indianapolis area. "
seller: Nexstar Media Group (NXST:$4,858.07)
Nexstar Media Group is one of the largest local TV station operators in the country. They have 174 full power television stations in 100 markets, and a diversified, growing digital media operation. They own two stations in Indianapolis, WISH, the CW affiliate and WNDY, the MyNetworkTV affiliate.
price ($mm)
$43
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/19/2019 via BusinessWire

TEGNA Inc., purchased 11 Local Television Stations from Nexstar Media Group

synopsis: TEGNA Inc. announced that it has completed its previously announced acquisition of 11 local television stations, including eight Big Four affiliates, from Nexstar Media Group. The stations include WTIC/WCCT, WPMT, WATN/WLMT, WNEP, WOI/KCWI, WZDX, WQAD and KFSM.
buyer: TEGNA Inc. (TGNA:$2,991.09)
TEGNA Inc. is an innovative media company that serves the greater good of our communities. With 49 television stations and two radio stations in 41 markets, TEGNA delivers relevant content and information to consumers across platforms. "
seller: Nexstar Media Group (NXST:$4,858.07)
The acquisition includes 11 local television stations from Nexstar Media. The stations include WTIC/WCCT, WPMT, WATN/WLMT, WNEP, WOI/KCWI, WZDX, WQAD and KFSM.
price ($mm)
$740
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/20/2019 via PR Newswire

The E.W. Scripps Company, will purchase Eight Television Stations from Nexstar Media Group

synopsis: The E.W. Scripps Company is acquiring eight television stations in seven markets from the Nexstar Media Group, Inc., one of the largest local TV station operators in the country. The acquisition includes WPIX, KASW, WSFL, KSTU, WTKR, WGNT, WTVR and WXMI.
buyer: The E.W. Scripps Company (SSP:$1,599.45)
The E.W. Scripps Company serves audiences and businesses through a growing portfolio of local and national media brands. With 36 television stations, Scripps is one of the nation's largest independent TV station owners. "
seller: Nexstar Media Group (NXST:$4,858.07)
The acquisition includes eight television stations in seven markets from the Nexstar Media Group, one of the largest local TV station operators in the country. They are acquiring WPIX, KASW, WSFL, KSTU, WTKR, WGNT, WTVR and WXMI.
price ($mm)
$580
rev ($mm)
$263
EBITDA ($mm)
$56
EV / rev
2.2x
EV / EBITDA
10.4x
closed 9/19/2019 via BusinessWire

Nexstar Media Group, acquired Tribune Media Company

synopsis: Nexstar Media Group, a leading diversified media company, has completed the acquisition of all outstanding shares of Tribune Media, a company that is home to a diverse portfolio of television and digital properties driven by quality news, entertainment and sports programming.
buyer: Nexstar Media Group (NXST:$4,858.07)
Nexstar Media Group is a leading diversified media company that leverages localism to bring new services and value to consumers & advertisers through its traditional media, digital & mobile media platforms. They own, operate, program or provide sales and other services to 170 television stations. "
target: Tribune Media Company (TRCO:$1,920.00)
Tribune Media Company is home to a diverse portfolio of television and digital properties driven by quality news, entertainment and sports programming. Tribune is comprised of Tribune Broadcasting’s 42 local TV stations, WGN America, Tribune Studios, and a variety of digital applications & websites.
price ($mm)[EV]
$4,152 [$6,188]
rev ($mm)
$1,920
EBITDA ($mm)
$720
EV / rev
3.2x
EV / EBITDA
8.6x
announced 8/2/2018 via BusinessWire

Nexstar Media Group, will acquire KRBK-TV

synopsis: Nexstar Media Group, Inc. announced that its subsidiary, Nexstar Broadcasting, Inc., has entered into a definitive agreement to acquire KRBK-TV. FOX 5 KRBK is Springfield, Missouri and the Ozark's destination for local news, weather and all of the hottest FOX shows.
buyer: Nexstar Media Group (NXST:$4,858.07)
Nexstar Media Group is a leading diversified media company that leverages localism to bring new services and value to consumers & advertisers through its traditional media, digital & mobile media platforms. They own, operate, program or provide sales and other services to 170 television stations. "
target parent: Koplar Communications
target: KRBK-TV
FOX 5 KRBK is Springfield, Missouri and the Ozark's destination for local news, weather and all of the hottest FOX shows.
price ($mm)
$19
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/2/2018 via BusinessWire

Nexstar Media Group, will acquire WHDF-TV

synopsis: Nexstar Media Group, Inc. announced that its subsidiary, Nexstar Broadcasting, Inc., has entered into a definitive agreement to acquire WHDF-TV (The Valley's CW), a CW-affiliated television station licensed to Florence, Alabama, United States, serving Huntsville and North Alabama's Tennessee Valley.
buyer: Nexstar Media Group (NXST:$4,858.07)
Nexstar Media Group is a leading diversified media company that leverages localism to bring new services and value to consumers & advertisers through its traditional media, digital & mobile media platforms. They own, operate, program or provide sales and other services to 170 television stations. "
target parent: Lockwood Broadcast Group
target: WHDF-TV
WHDF (The Valley's CW) is a CW-affiliated television station licensed to Florence, Alabama, United States, serving Huntsville and North Alabama's Tennessee Valley.
price ($mm)
$19
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/7/2017 via BusinessWire

Nexstar Media Group, will acquire LKQD Technologies

synopsis: Nexstar Media Group, Inc. announced that it entered into a definitive agreement to acquire LKQD Technologies, a leading independent video advertising infrastructure company. LKQD Technologies’ video advertising platform has the largest reach in the US to viewers across digital devices.
buyer: Nexstar Media Group (NXST:$4,858.07)
Nexstar Media Group is a leading diversified media company that leverages localism to bring new services and value to consumers & advertisers through its traditional media, digital & mobile media platforms. They own, operate, program or provide sales and other services to 170 television stations. "
target: LKQD Technologies
LKQD Technologies is a leading independent video advertising infrastructure company. Founded in 2014 by industry veterans, LKQD Technologies’ video advertising platform has the largest reach in the US to viewers across digital devices.
price ($mm)
$90
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/8/2017 via BusinessWire

Nexstar Media Group, will purchase Non-spectrum operating assets of WLWC-TV from OTA Broadcasting LLC

synopsis: Nexstar Media Group, Inc. announced that its subsidiary, Nexstar Broadcasting, Inc., has entered into a definitive agreement to acquire the non-spectrum operating assets of WLWC-TV, the CW affiliate serving Providence, RI (DMA #52) from OTA Broadcasting (PVD), LLC.
buyer: Nexstar Media Group (NXST:$4,858.07)
Nexstar Media Group is a leading diversified media company that leverages localism to bring new services and value to consumers & advertisers through its traditional media, digital & mobile media platforms. They own, operate, program or provide sales and other services to 170 television stations. "
seller: OTA Broadcasting LLC
WLWC-TV is the CW affiliate serving Providence, RI (DMA #52). WLWC-TV has a legacy of local programming and community orientation and delivers exceptional primetime, syndicated, sports and local news programming to Providence viewers.
price ($mm)
$4.10
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/17/2017 via BusinessWire

Graham Media Group, acquired WCWJ

synopsis: Graham Media Group, Inc. and Nexstar Broadcasting Group, Inc. reported that they have completed the transaction announced May 27, 2016 in which Graham Media Group, Inc. (GMG) has acquired WCWJ, the CW affiliate television station. WCWJ maintains studio and transmitter facilities located on Hogan Road in the Kilarney Shores section of Jacksonville.
buyer parent: Graham Holdings Company
buyer: Graham Media Group
Graham Media Group, a subsidiary of Graham Holdings Co., owns five local TV stations: KPRC–Houston and WDIV–Detroit (NBC); KSAT–San Antonio (ABC); WKMG–Orlando (CBS); and WJXT–Jacksonville (independent) — each in a top-50 market and all recognized as news leaders—reaching 6.2% of US TV households. "
target parent: Nexstar Broadcasting
target: WCWJ
WCWJ is a CW-affiliated television station located in Jacksonville, Florida, United States. WCWJ maintains studio and transmitter facilities located on Hogan Road in the Kilarney Shores section of Jacksonville.
price ($mm)
$120
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/13/2016 via BusinessWire

Heartland Media LLC, MSouth Equity Partners, will purchase 5 Television Stations from Nexstar Broadcasting

synopsis: Heartland Media, LLC and MSouth Equity Partners announced that they have entered into an agreement to purchase five television stations from Nexstar Broadcasting Group, Inc. and Media General, Inc. following the acquisition of Media General by Nexstar. The stations being acquired include WFFT-TV, KIMT, WTHI-TV, WLFI-TV, and KQTV.
buyer: MSouth Equity Partners
buyer: Heartland Media LLC
Heartland Media, LLC is a television broadcasting company. It plans to build a television group by acquiring Number 1 rated stations, Big Four affiliates with strong local news operations targeting university towns and state capitals that are deeply ingrained in the fabric of their communities. "
seller: Nexstar Broadcasting (NXST:$4,858.07)
WFFT-TV, KIMT, WTHI-TV, WLFI-TV, and KQTV are television stations owned by Nexstar Broadcasting Group and Media General. Nexstar is a diversified media company that brings new services and value to consumers and advertisers through its traditional media, eMedia, digital and mobile media platforms.
price ($mm)
$115
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/3/2016 via BusinessWire

Gray Television, Inc., will purchase WBAY-TV & KWQC-TV from Nexstar Broadcasting

synopsis: Nexstar Broadcasting Group, Inc. announced that it has entered into a definitive agreement to sell WBAY-TV, the ABC affiliate serving the Green Bay, Wisconsin market, and KWQC-TV, the NBC affiliate serving the Davenport -Moline-Rock Island, Iowa market, to Gray Television Group, Inc. (a wholly-owned subsidiary of Gray Television, Inc.).
buyer: Gray Television, Inc. (GTN:$2,391.00)
Gray Television is a television broadcast company headquartered in Atlanta, Georgia, that owns and operates television stations and leading digital assets in markets throughout the US. They own and operate television stations in 50 television markets broadcasting a total of 180 programming streams. "
seller: Nexstar Broadcasting (NXST:$4,858.07)
WBAY-TV is the ABC affiliate serving the Green Bay, Wisconsin market, and KWQC-TV is the NBC affiliate serving the Davenport -Moline-Rock Island, (Quad Cities) Iowa market. Nexstar Broadcasting Group is a leading diversified media company that leverages localism.
price ($mm)
$270
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/27/2016 via BNC Analysis

Bayou City Broadcasting LLC, will purchase KADN-TV and KLAF-LD TV Stations from Nexstar Broadcasting

synopsis: Bayou City Broadcasting is expanding its corporate footprint. The company has entered into an agreement to purchase the FOX affiliate KADN, KADN.2 – NBC affiliate and NBC affiliate KLAF-LD in Lafayette, Louisiana. Bayou City is purchasing the Louisiana stations from Nexstar Broadcasting Group.
buyer: Bayou City Broadcasting LLC
Bayou City Broadcasting, LLC is a Texas based company founded by Mr. DuJuan McCoy in December 2007. The company’s sole purpose was to purchase and operate broadcast TV stations in America. "
seller: Nexstar Broadcasting (NXST:$4,858.07)
KADN-TV channel 15, is a Fox Broadcasting Company/NBC-affiliated television station located in Lafayette, Louisiana, USA. KLAF-LD, channel 46 is an NBC-affiliated low-powered television station located in Lafayette, Louisiana.
price ($mm)
$40
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/27/2016 via BNC Analysis

Marquee Broadcasting, Inc., will purchase KREG-TV from Nexstar Broadcasting

synopsis: Nexstar is selling KREG Denver (DMA 17) to Marquee Broadcasting. KREG currently operates as a satellite station of Nexstar-owned CBS affiliate KREX and, upon consummation of the sale, will no longer operate as a satellite of KREX.
buyer: Marquee Broadcasting, Inc.
Marquee Broadcasting is owned by Patricia Lane. The company owns owns three TV stations in Maryland, Georgia and Delaware, including WMDT-TV, the ABC/CW/Me-TV affiliate in Salisbury, Maryland. "
seller: Nexstar Broadcasting (NXST:$4,858.07)
KREG-TV, virtual channel 3 (digital channel 23), is a television station located in Glenwood Springs, Colorado. KREG currently operates as a satellite station of Nexstar-owned CBS affiliate KREX and, upon consummation of the sale, will no longer operate as a satellite of KREX.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/17/2017 via BusinessWire

Nexstar Broadcasting, acquired Media General, Inc.

synopsis: Nexstar Broadcasting Group announced that it completed the acquisition of Media General, one of the nation's largest local media companies. The combination creates a leading, diversified local marketing and content platform. Reflecting its broadened base of operations and capabilities, Nexstar has changed its name to Nexstar Media Group, Inc.
buyer: Nexstar Broadcasting (NXST:$4,858.07)
Nexstar Broadcasting Group is a leading diversified media firm that leverages localism to bring new services and value to consumers & advertisers through its traditional media, digital & mobile media platforms. They own, operate, program or provide sales & other services to 171 television stations. "
target: Media General, Inc. (MEG:$1,351.67)
Media General is one of the nation's largest local media companies that operates or services 71 television stations in 48 markets, along with the industry's leading digital media business. Its portfolio of broadcast, digital and mobile products informs and engages 23% of U.S. TV households.
price ($mm)[EV]
$2,267 [$4,500]
rev ($mm)
$1,305
EBITDA ($mm)
$332
EV / rev
3.4x
EV / EBITDA
13.5x
announced 2/18/2021 via Company Press Release

iHeartMedia, Inc., will acquire Triton Digital Media

synopsis: iHeartMedia will acquire Triton Digital, the global technology and services leader to the digital audio and podcast industry. With this acquisition, iHeartMedia will be able to provide audio content to producers and advertisers with a full ad service package for streaming and podcasting no matter their size, reach, or distribution method.
buyer: iHeartMedia, Inc. (OTCPK:IHRT.Q:$3,038.76)
iHeartMedia is the number one audio company in the United States, reaching nine out of 10 Americans every month. The company’s services include more than 850 live broadcast stations in over 160 markets nationwide and is available across more than 250 platforms and 2,000 devices. "
target parent: The E.W. Scripps Company
target: Triton Digital Media
Triton Digital is a global technology and services leader to the audio streaming and podcast industry. They provide innovative technology that enables broadcasters, podcasters, and online music services build their audience, maximize their revenue, and streamline their operations.
price ($mm)
$230
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/25/2020 via PR Newswire

The E.W. Scripps Company, will acquire ION Media Networks

synopsis: The E.W. Scripps Company, America's fourth-largest independent TV station owner, will buy ION Media, an independent, privately held media company, and owner and operator of the nation’s largest broadcast station group.
buyer: The E.W. Scripps Company (SSP:$1,599.45)
The E.W. Scripps Company serves audiences and businesses through a growing portfolio of local and national media brands. With 36 television stations, Scripps is one of the nation's largest independent TV station owners. "
target: ION Media Networks (ION:$228.90)
ION Media is an independent, privately held media company, and owner and operator of the nation’s largest broadcast station group. ION reaches viewers in 98 million U.S. households, or 85% of the population, through its 60 owned and operated stations and its affiliations.
price ($mm)
$2,650
rev ($mm)
$558
EBITDA ($mm)
$323
EV / rev
4.7x
EV / EBITDA
8.2x
announced 7/14/2020 via BNC Analysis

Mission Broadcasting, Inc., will acquire Pix11

synopsis: E.W. Scripps has announced that its New York CW affiliate, PIX11 (WPIX), will be acquired by Mission Broadcasting. PIX11 is an award-winning television station that airs primetime programming, news, hit movies, first-run programs, off-network sitcoms, children’s programming, and public affairs shows.
buyer: Mission Broadcasting, Inc.
Mission Broadcasting, Inc. is a television broadcasting company that acquires, develops, and operates television stations and interactive community Websites in medium-sized markets in the United States. Its stations provide free over-the-air programming to its markets’ television viewing audiences. "
target parent: The E.W. Scripps Company
target: Pix11
PIX11 is a New York TV station that airs primetime programming, award-winning news, hit movies, first-run programs, off-network sitcoms, children’s programming, and public affairs shows. PIX11 has earned over 265 Emmy Awards, including multiple awards for its news programs and coverage.
price ($mm)
$75
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/19/2020 via PR Newswire

Sirius XM Holdings Inc., acquired Stitcher

synopsis: SiriusXM, the leading audio entertainment company in the U.S., has completed its acquisition of Stitcher, a pioneer in podcast production, distribution, and ad sales, and is moving forward as the premier full-service platform for podcast creators, publishers, and advertisers.
buyer: Sirius XM Holdings Inc. (SIRI:$8,824.00)
Sirius XM Holdings Inc. is the leading audio entertainment company in the U.S., and the premier programmer and platform for subscription- and digital advertising-supported audio products. Pandora, a subsidiary of SiriusXM, is the largest ad-supported audio entertainment streaming service in the U.S."
target parent: The E.W. Scripps Company
target: Stitcher
Stitcher is the best place to listen to, produce and monetize podcasts. The Stitcher app, available for iOS and Android devices, is one of the world's most popular podcast listening platforms, with a growing network of original content and a premium subscription service.
price ($mm)
$265
rev ($mm)
$73
EBITDA ($mm)
EV / rev
4.5x
EV / EBITDA
closed 5/28/2020 via BNC Analysis

Maple Media, purchased NOAA Hi-Def Radar from WeatherSphere

synopsis: Maple Media, a Los Angeles-based mobile media, advertising and technology company owning dozens of top apps and games on the Apple App Store and Google Play, acquired NOAA Hi-Def Radar, one of the highest grossing weather apps on the App Store, from WeatherSphere and The E.W. Scripps Company.
buyer parent: Shamrock Capital Advisors, Inc.
buyer: Maple Media
Maple Media is a mobile media, advertising and technology company that owns hundreds of top mobile apps and games on the App Store and Google Play. Maple Media’s apps, including Player FM, ScanPro, Pic Stitch, Minesweeper Puzzle Bomb, and BlackJack21, reach more than 60M users worldwide every month."
seller parent: The E.W. Scripps Company
seller: WeatherSphere
NOAA Hi-Def Radar is one of the highest grossing weather apps on the App Store. NOAA Hi-Def Radar, which is available on iPhone and iPad, is known for its precise weather features including sharp radar imagery, animated radar views and severe weather alerts.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/20/2019 via PR Newswire

The E.W. Scripps Company, will purchase Eight Television Stations from Nexstar Media Group

synopsis: The E.W. Scripps Company is acquiring eight television stations in seven markets from the Nexstar Media Group, Inc., one of the largest local TV station operators in the country. The acquisition includes WPIX, KASW, WSFL, KSTU, WTKR, WGNT, WTVR and WXMI.
buyer: The E.W. Scripps Company (SSP:$1,599.45)
The E.W. Scripps Company serves audiences and businesses through a growing portfolio of local and national media brands. With 36 television stations, Scripps is one of the nation's largest independent TV station owners. "
seller: Nexstar Media Group (NXST:$4,858.07)
The acquisition includes eight television stations in seven markets from the Nexstar Media Group, one of the largest local TV station operators in the country. They are acquiring WPIX, KASW, WSFL, KSTU, WTKR, WGNT, WTVR and WXMI.
price ($mm)
$580
rev ($mm)
$263
EBITDA ($mm)
$56
EV / rev
2.2x
EV / EBITDA
10.4x
announced 10/30/2018 via Market Watch

The E.W. Scripps Company, will purchase 15 TV Stations from Cordillera Communications

synopsis: E.W. Scripps is to buy 15 television stations in 10 markets from Cordillera Communications, a company based in Saint Paul, MN that owns and operates television stations and digital news platforms in 11 geographically diverse small and medium-sized markets, serving more than 2.3 million U.S. households.
buyer: The E.W. Scripps Company (SSP:$1,599.45)
The E.W. Scripps Company serves audiences and businesses through a growing portfolio of local and national media brands. With 33 television stations, Scripps is one of the nation’s largest independent TV station owners. "
seller parent: Evening Post Industries
seller: Cordillera Communications
The acquisition includes 15 television stations in 10 markets from Cordillera Communications. Cordillera owns and operates television stations and digital news platforms in 11 geographically diverse small- and medium-sized markets, serving more than 2.3 million U.S. households.
price ($mm)
$521
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/17/2018 via Company Press Release

The E.W. Scripps Company, will acquire Triton Digital Media

synopsis: The E.W. Scripps Company is acquiring Triton Digital, the global leader in digital audio technology and measurement services. Triton's innovative and proprietary SaaS solutions and advertising technology enable both live and on-demand audio publishers to build their audiences and enhance revenues globally.
buyer: The E.W. Scripps Company (SSP:$1,599.45)
The E.W. Scripps Company serves audiences and businesses through a growing portfolio of local and national media brands. With 33 television stations, Scripps is one of the nation’s largest independent TV station owners. Scripps runs a collection of national journalism and content businesses. "
target parent: Vector Capital
target: Triton Digital Media
Triton Digital is a pioneer in the rapidly expanding digital audio marketplace. The Company’s innovative and proprietary SaaS solutions and advertising technology enable both live and on-demand audio publishers to build their audiences and enhance revenues globally.
price ($mm)
$150
rev ($mm)
$40
EBITDA ($mm)
EV / rev
3.8x
EV / EBITDA
announced 8/22/2018 via Company Press Release

The E.W. Scripps Company, will purchase KXXV/KRHD & WTXL from Raycom Media, Inc.

synopsis: The E.W. Scripps Company has agreed to acquire two ABC-affiliated television stations in Florida and Texas owned by Raycom Media. KXXV/KRHD in Waco, Texas, and WTXL in Tallahassee, Florida, are being divested by Raycom.
buyer: The E.W. Scripps Company (SSP:$1,599.45)
The E.W. Scripps Company serves audiences and businesses through a growing portfolio of local and national media brands. With 33 television stations, Scripps is one of the nation’s largest independent TV station owners. Scripps runs a collection of national journalism and content businesses. "
seller: Raycom Media, Inc.
KXXV/KRHD is an ABC-affiliated television station in Waco, Texas. WTXL is an ABC-affiliated television station in Tallahassee, Florida. Raycom Media is one of the nation’s largest privately-owned local media companies.
price ($mm)
$55
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/15/2018 via PR Newswire

SummitMedia, will purchase 19 Radio Stations from The E.W. Scripps Company

synopsis: The E.W. Scripps Company has reached an agreement to sell 19 radio stations to SummitMedia, LLC. SummitMedia is purchasing KFDI, KICT, KFXJ, KYQQ and KFTI in Wichita, Kansas; KTTS, KSPW, KSGF and KRVI in Springfield, Missouri; KEZO, KSRZ, KQCH, KKCD and KXSP in Omaha, Nebraska; and WWST, WCYQ, WKHT and WNOX in Knoxville, Tennessee.
buyer: SummitMedia
SummitMedia, LLC is an Alabama-based media company with a focus on radio and digital media. They have radio stations in Alabama, Hawaii, Kentucky, South Carolina, and Virginia. They also provide a full service digital agency, SummitMedia Digital, that develops the right strategy for any client. "
seller: The E.W. Scripps Company (SSP:$1,599.45)
The E.W. Scripps Company owns a portfolio of local and national media brands. They own radio stations, including KFDI, KICT, KFXJ, KYQQ and KFTI in Kansas; KTTS, KSPW, KSGF and KRVI in Missouri; KEZO, KSRZ, KQCH, KKCD and KXSP in Nebraska; and WWST, WCYQ, WKHT and WNOX in Tennessee.
price ($mm)
$47
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/8/2018 via PR Newswire

Lotus Communications Corporation, will purchase Eight Radio Stations from The E.W. Scripps Company

synopsis: The E.W. Scripps Company has reached an agreement to sell eight radio stations to Lotus Communications Corporation. California-based Lotus Communications is purchasing KMXZ (94.9FM), KFFN (1490AM, 104.9FM), KQTH (104.1FM) and KTGV (106.3FM) in Tucson and KJOT (1051.FM), KQXR (100.3FM), KRVB (94.9FM) and KTHI (107.1FM) in Boise.
buyer: Lotus Communications Corporation
Lotus Communications Corporation is one of the largest privately owned Radio Station Groups in the United States. It was founded in 1962 by Howard A. Kalmenson, with the purchase of KWKW, one of Los Angeles' original Spanish language radio stations. "
seller: The E.W. Scripps Company (SSP:$1,599.45)
The E.W. Scripps Company serves audiences through a portfolio of local and national media brands. They own radio stations, including KMXZ (94.9FM), KFFN (1490AM, 104.9FM), KQTH (104.1FM), KTGV (106.3 M) in Tucson, and KJOT (1051.FM), KQXR (100.3FM), KRVB (94.9FM) and KTHI (107.1FM) in Boise.
price ($mm)
$8.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/27/2018 via Company Press Release

Good Karma Brands, will purchase Two Radio Stations from The E.W. Scripps Company

synopsis: The E.W. Scripps Company has reached an agreement to sell its two radio stations, WTMJ (620 AM and 103.3 FM) and WKTI (94.5 FM), based in Milwaukee, Wisconsin, to Good Karma Brands, a sports marketing conglomerate.
buyer: Good Karma Brands
Good Karma Brands (GKB) started as a broadcasting and radio group and then turned into a sports marketing conglomerate. Fueled by the desire to "do things differently," they offer customized solutions for all of GKB's marketing partnerships. "
seller: The E.W. Scripps Company (SSP:$1,599.45)
The E.W. Scripps Company serves audiences and businesses through a growing portfolio of local and national media brands. They own radio stations nationally, including WTMJ and WKTI from Milwaukee, Wisconsin.
price ($mm)
$16
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/25/2018 via PR Newswire

Griffin Communications, Inc., will purchase five radio stations from The E.W. Scripps Company

synopsis: The E.W. Scripps Company has reached an agreement to sell its group of five radio stations in Tulsa, Oklahoma, to Griffin Communications. Oklahoma-based Griffin is purchasing KFAQ (1170 AM), KHTT (106.9 FM), KVOO (98.5 FM), KXBL (99.5 FM) and KBEZ (92.9 FM).
buyer: Griffin Communications, Inc.
Griffin Communications is a multi-media company that reaches majority of Oklahoma households with our television stations, statewide radio network, internet sites, digital outdoor network and mobile information distribution channels. They seek strategic investments to strengthen their holdings. "
seller: The E.W. Scripps Company (SSP:$1,599.45)
KFAQ, KHTT, KVOO, KXBL, and KBEZ are Tulsa, Oklahoma based radio stations. These radio channels play classic hits, country music, pop music, and local and national news. These stations were owned by The E.W. Scripps Company.
price ($mm)
$13
rev ($mm)
$945
EBITDA ($mm)
$175
EV / rev
0.0x
EV / EBITDA
0.1x
closed 10/2/2017 via PR Newswire

The E.W. Scripps Company, acquired Katz Broadcasting, LLC

synopsis: The E.W. Scripps Company has closed its acquisition of the Katz broadcast networks, which distribute programming for targeted audiences over the air. The four national networks — Bounce, Grit, Escape and Laff — each reach more than 80 percent of all U.S. households and are among the fastest-growing in television today.
buyer: The E.W. Scripps Company (SSP:$1,599.45)
The E.W. Scripps Company serves audiences and businesses through a growing portfolio of television, radio and digital media brands. Scripps owns 33 television stations in 24 markets and a reach of nearly one in five U.S. households. "
target: Katz Broadcasting, LLC
Katz Broadcasting, LLC operates television networks in the United States. Their TV networks include Bounce, Grit, Escape and Laff, which each reach more than 80 percent of all U.S. households and are among the fastest-growing in television today.
price ($mm)
$292*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/3/2017 via GlobeNewswire

Scripps Networks Interactive, will acquire Spoon University

synopsis: Scripps Networks Interactive has reached an agreement to acquire leading millennial-focused media company Spoon University. Spoon University is the leading online food resource for millennials, with more than 8,000 creators providing content from around the world.
buyer parent: The E.W. Scripps Company
buyer: Scripps Networks Interactive (SNI:$3,439.68)
Scripps Networks Interactive is a leading developer of engaging lifestyle content in the home, food and travel categories. Their U.S. lifestyle portfolio comprises popular television and internet brands HGTV, DIY Network, Food Network, Cooking Channel, Travel Channel and Great American Country. "
target: Spoon University
Spoon University is the leading online food resource for millennials and gen Z, on a mission to make food make sense. Spoon has over 8,000 members creating content and hosting events that reach tens of millions of millennial food lovers each month.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/6/2016 via PR Newswire

The E.W. Scripps Company, acquired Stitcher

synopsis: The E.W. Scripps Company has acquired popular podcast listening service Stitcher from Deezer for $4.5 million in cash. Stitcher is one of the most established and popular streaming audio listening brands, which facilitates discovery and streaming for more than 65,000 podcasts to 8 million registered users.
buyer: The E.W. Scripps Company (SSP:$1,599.45)
The E.W. Scripps Company serves audiences and businesses through a growing portfolio of television, radio and digital media brands. Scripps owns 33 television stations in 24 markets and a reach of nearly one in five U.S. households. "
target parent: Deezer
target: Stitcher
Stitcher is the leading provider of personalized Internet talk radio and award winning mobile products. Stitcher carries eight out of the top ten terrestrial radio shows and features content from over 12,000 content providers.
price ($mm)
$4.50
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/12/2016 via PR Newswire

The E.W. Scripps Company, acquired Cracked Entertainment, Inc.

synopsis: The E.W. Scripps Company has acquired multi-platform satire brand Cracked, which informs and entertains millennial audiences through a high-traffic website, mobile apps, original digital video, social media and a popular podcast. Cracked's editorial team has been known for smart humor that blends comedy and satire with social criticism.
buyer: The E.W. Scripps Company (SSP:$1,599.45)
The E.W. Scripps Company serves audiences and businesses through a growing portfolio of television, print and digital media brands. Scripps owns 21 local television stations as well as daily newspapers in 13 markets across the United States. "
target parent: Demand Media, Inc.
target: Cracked Entertainment, Inc.
Based in New York, Cracked Entertainment is the publisher of the well-known CRACKED Magazine, one of America's oldest and most well-known humor magazines. It informs and entertains millennial audiences through a high-traffic website, mobile apps, original digital video and social media.
price ($mm)
$39
rev ($mm)
$11
EBITDA ($mm)
EV / rev
3.5x
EV / EBITDA
closed 7/22/2015 via PR Newswire

The E.W. Scripps Company, acquired Midroll Media

synopsis: The E.W. Scripps Company has acquired podcast industry leader Midroll Media, a five-year-old Los Angeles-based company that creates original podcasts and operates a network that generates revenue for more than 200 shows, including "StartUp" and "Nerdist."
buyer: The E.W. Scripps Company (SSP:$1,599.45)
The E.W. Scripps Company serves audiences and businesses through a growing portfolio of television, print and digital media brands. Scripps owns 21 local television stations as well as daily newspapers in 13 markets across the United States. "
target: Midroll Media
Midroll Media is the parent company of the Earwolf and Wolfpop podcast networks, and the Midroll podcast advertising agency. The company offers a 360-degree suite of production, distribution, and monetization services to artists, entertainers and thought leaders.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/7/2014 via BNC Analysis

The E.W. Scripps Company, acquired WeatherSphere

synopsis: WeatherSphere, the company behind the #1 Paid weather application on iOS, and maker of 3 of the Top 10 Paid weather apps as well as 3 of the Top 20 Grossing weather apps, has been acquired by the E.W. Scripps Co., which hosts a portfolio of TV, print and digital media brands.
buyer: The E.W. Scripps Company (SSP:$1,599.45)
The E.W. Scripps Company serves audiences and businesses through a growing portfolio of television, print and digital media brands. Scripps owns 21 local television stations as well as daily newspapers in 13 markets across the United States. "
target: WeatherSphere
WeatherSphere combines science with simplicity. They focus on immediate information by providing a collection of applications that are straightforward, reliable, and built with the user in mind.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/1/2015 via PR Newswire

Journal Broadcast Group, Inc. merged with The E.W. Scripps Company,

synopsis: The E.W. Scripps Company and Journal Communications have merged their broadcast operations. The merged company will retain The E.W. Scripps Company name, and the Scripps family shareholders will continue to have voting control. The company will have approximately 4,000 employees across its television, radio and digital media operations.
buyer: The E.W. Scripps Company (SSP:$1,599.45)
The E.W. Scripps Company serves audiences and businesses through a growing portfolio of television, print and digital media brands. Scripps owns 21 local television stations as well as daily newspapers in 13 markets across the United States. "
target parent: Journal Communications Inc.
target: Journal Broadcast Group, Inc.
Journal Broadcast Group owns and operates or provides services to 14 television stations and 35 radio stations in 11 states. Headquartered in Milwaukee, Wisconsin, it is the broadcast business of Journal Communications Inc.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/20/2019 via PR Newswire

The E.W. Scripps Company, will purchase Eight Television Stations from Nexstar Media Group

synopsis: The E.W. Scripps Company is acquiring eight television stations in seven markets from the Nexstar Media Group, Inc., one of the largest local TV station operators in the country. The acquisition includes WPIX, KASW, WSFL, KSTU, WTKR, WGNT, WTVR and WXMI.
buyer: The E.W. Scripps Company (SSP:$1,599.45)
The E.W. Scripps Company serves audiences and businesses through a growing portfolio of local and national media brands. With 36 television stations, Scripps is one of the nation's largest independent TV station owners. "
seller: Nexstar Media Group (NXST:$4,858.07)
The acquisition includes eight television stations in seven markets from the Nexstar Media Group, one of the largest local TV station operators in the country. They are acquiring WPIX, KASW, WSFL, KSTU, WTKR, WGNT, WTVR and WXMI.
price ($mm)
$580
rev ($mm)
$263
EBITDA ($mm)
$56
EV / rev
2.2x
EV / EBITDA
10.4x
closed 8/1/2022 via GlobeNewswire

Imagicomm Communications, purchased TV Stations in 12 Markets from Cox Media Group, Inc.

synopsis: Cox Media Group (CMG) and INSP, LLC, announced that they have closed the transaction regarding CMG’s sale of TV stations in 12 markets to Imagicomm Communications, an affiliate of INSP.
buyer parent: INSP, LLC
buyer: Imagicomm Communications
Imagicomm Communications is an affiliate of INSP, LLC responsible for the ownership and management of broadcast-related functions for the organization, including content distribution in the broadcast environment, station ownership, oversight and development. "
seller parent: Apollo Global Management
seller: Cox Media Group, Inc.
The acquisition includes TV stations in 12 markets from Cox Media Group, an integrated broadcasting, publishing, direct marketing and digital media company. The company's operations include broadcast television stations, radio stations, daily newspapers and non-daily publications.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/30/2022 via BNC Analysis

Nuttaphong Sitaworarat and Boonuea Jitthanom, will acquire Nation Broadcasting Corporation

synopsis: Mr. Boonuea Jitthanom and Mr. Nuttaphong Sitaworarat, Thai investors with shares in various major companies, will acquire a 61% stake in Nation Broadcasting Corporation (NBC) from Nation Group, one of Thailand's largest media companies. NBC is a media company in Thailand that operates a 24-hour news channel dedicated to providing up-to-date news.
buyer: Nuttaphong Sitaworarat and Boonuea Jitthanom
Mr. Boonuea Jitthanom and Mr. Nuttaphong Sitaworarat are shareholders in various major companies, including One To One Contacts Plc., Trinity Public Company Limited and Wow Factor Plc. "
target parent: Nation Group
target: Nation Broadcasting Corporation (NBC.BK:$394.87)
Nation Broadcasting Corporation (NBC) is media company in Thailand focused on producing news programs. NBC's Nation TV 22 is a 24-hour news channel that is dedicated to providing up-to-date news with in-depth and unbiased coverage.
price ($mm)[EV]
$27 [$31]*
rev ($mm)
$14
EBITDA ($mm)
EV / rev
3.4x
EV / EBITDA
announced 2/23/2022 via PR Newswire

Cox Media Group, Inc., will acquire Community News Media LLC

synopsis: Cox Media Group is to acquire the station group currently owned by Standard General's affiliate, Community News Media LLC. Community News Media LLC is comprised of the television stations KBSI (Fox) – Cape Girardeau, Missouri, KLKN (ABC) – Lincoln, Nebraska, WDKA (MyNet) – Paducah, Kentucky, and WLNE-TV(ABC) – New Bedford, Massachusetts.
buyer parent: Apollo Global Management
buyer: Cox Media Group, Inc.
Cox Media Group (CMG) is an integrated broadcasting, publishing, direct marketing and digital media company. The company's operations include broadcast television stations, radio stations, daily newspapers and non-daily publications. "
target parent: Standard General L.P.
target: Community News Media LLC
Community News Media LLC is comprised of the television stations KBSI (Fox) – Cape Girardeau, Missouri, KLKN (ABC) – Lincoln, Nebraska, WDKA (MyNet) – Paducah, Kentucky, and WLNE-TV(ABC) – New Bedford, Massachusetts.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/23/2022 via PR Newswire

Standard General L.P., will acquire WFXT Boston

synopsis: Standard General, a company that manages capital for public and private pension funds, endowments, foundations, and high-net-worth individuals, is to acquire Cox Media Group's WFXT/Boston, a Fox-affiliated television station licensed to Boston, Massachusetts.
buyer: Standard General L.P.
Standard General was founded in 2007 and manages capital for public and private pension funds, endowments, foundations, and high-net-worth individuals. "
target parent: Apollo Global Management
target: WFXT Boston
WFXT, virtual channel 25 (UHF digital channel 34), is a Fox-affiliated television station licensed to Boston, Massachusetts, United States.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/22/2022 via Company Press Release

Standard General L.P., will acquire TEGNA Inc.

synopsis: TEGNA Inc., a broadcast, digital media and marketing services company, is to be acquired by Standard General L.P., which manages capital for public and private pension funds, endowments, foundations, and high-net-worth individuals.
buyer: Standard General L.P.
Standard General was founded in 2007 and manages capital for public and private pension funds, endowments, foundations, and high-net-worth individuals. "
target: TEGNA Inc. (TGNA:$2,991.09)
TEGNA Inc. is an innovative media company that serves the greater good of communities. With 64 television stations and two radio stations in 51 markets, TEGNA delivers relevant content and information to consumers across platforms.
price ($mm)[EV]
$5,214 [$8,490]*
rev ($mm)
$2,991
EBITDA ($mm)
$969
EV / rev
2.9x
EV / EBITDA
9.0x
closed 6/1/2022 via BNC Analysis

Central European Media Enterprises, acquired RTL Croatia

synopsis: RTL Group, a Luxembourg-based international media conglomerate leader across broadcast, content and digital, has announced the sale of RTL Croatia to Central European Media Enterprises (CME), a media and entertainment company active across Central and Eastern European markets.
buyer parent: PPF Group N.V.
buyer: Central European Media Enterprises (CETV:$697.26)
Central European Media Enterprises Ltd. is a media and entertainment company that operates television channels in Bulgaria, Croatia, Czech Republic, Romania, Slovakia and Slovenia. "
target parent: Bertelsmann SE & Co. KGaA
target: RTL Croatia
RTL Croatia’s three free-TV channels – RTL Televizija (family, general interest), RTL 2 (classic movies, series and sports) and RTL Kockica (children) – form the leading family of TV channels in Croatia.
price ($mm)
$53
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/5/2022 via PR Newswire

Cordiant Digital Infrastructure Limited, will acquire Emitel S.A.

synopsis: Cordiant Digital Infrastructure Limited announced that its wholly-owned subsidiary has signed a binding agreement to acquire Emitel S.A. from its shareholder - Alinda Capital Partners. Emitel is a leading terrestrial TV and radio broadcast infrastructure operator in Poland.
buyer: Cordiant Digital Infrastructure Limited (LSE:CORD:$0.00)
Cordiant Digital is a specialist investment company focused on investing in digital infrastructure assets in Europe and North America. "
target parent: Alinda Capital Partners
target: Emitel S.A.
Emitel is a leading terrestrial TV and radio broadcast infrastructure operator in Poland. Thanks to them, all Polish homes have been able to receive TV signals for over 50 years now — only analog signals at the beginning and digital signals since 2013.
price ($mm)
$477
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/17/2021 via BNC Analysis

Sony Music Entertainment Inc., acquired Somethin’ Else

synopsis: Sony Music Entertainment has announced the acquisition of Somethin’ Else. Specializing in audio, entertainment, music and arts content, Somethin’ Else is the UK’s largest independent podcast and audio producer and the BBC’s biggest independent producer of programs, covering a variety of music genres and flagship speech shows for the broadcaster.
buyer parent: Sony Corporation
buyer: Sony Music Entertainment Inc.
Sony Music Entertainment is a global recorded music company with a current roster that includes a broad array of both local artists and international superstars. The company boasts a vast catalog that comprises some of the most important recordings in history. "
target: Somethin’ Else
Specializing in audio, entertainment, music and arts content, Somethin’ Else is the UK’s largest independent podcast and audio producer and the BBC’s biggest independent producer of programs, covering a variety of music genres and flagship speech shows for the broadcaster.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/1/2021 via GlobeNewswire

Gray Television, Inc., purchased TV Station Division from Meredith Corporation

synopsis: Magazine publisher and multimedia company Meredith Corp. has sold its Local Media Group which owns 17 television stations in 12 local markets, to Gray Television Inc., a leading media company that owns and operates high-quality stations in 94 television markets.
buyer: Gray Television, Inc. (GTN:$2,391.00)
Gray Television is a leading media company that owns and operates high-quality stations in 94 television markets. With a rich history of over a century and more than 70 years of broadcast television specific expertise, Gray Television delivers meaningful content to millions of viewers each day. "
seller: Meredith Corporation (NYSE:MDP:$2,879.70)
The acquisition includes the Local Media Group of Meredith Corporation consisting of 17 television stations in 12 local markets. Meredith Corporation is an American media conglomerate based in Des Moines, Iowa. The company owns magazines, television stations, websites, and radio stations.
price ($mm)
$2,825
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/14/2021 via BNC Analysis

JKN Global Media Public Company Limited, acquired New18

synopsis: JKN Global Media Public Company Limited, Thailand’s leading global content distribution and broadcast company, has acquired New18, a broadcasting company that specializes in online broadcasting and news.
buyer: JKN Global Media Public Company Limited (SET:JKN:$53.67)
JKN Global Media Public Company Limited is Thailand’s leading global content distribution and broadcast company. JKN distributes content from Asia (specializing content from India and the Philippines) in Thailand through digital TV, cable satellite, OTT Platforms, publishing and merchandising. "
target: New18
New18 or DN Broadcast Company Limited, is a broadcasting company based in Thailand. They specialize in online broadcasting and news, through their website, and through their social media accounts, including Twitter, Instagram, and Facebook.
price ($mm)[EV]
$34 [$76]
rev ($mm)
$6
EBITDA ($mm)
EV / rev
12.1x
EV / EBITDA
announced 2/1/2021 via GlobeNewswire

Gray Television, Inc., will acquire Quincy Media

synopsis: Quincy Media, Inc. has approved the sale of the stock of the company to Gray Television, Inc. a public media company headquartered in Atlanta, Georgia. Quincy Media, Inc. is a family-owned media company that owns and operates television stations in 16 markets, newspapers in two markets, radio in one and digital platforms in all.
buyer: Gray Television, Inc. (GTN:$2,391.00)
Gray Television is a leading media company that owns and operates high-quality stations in 94 television markets. With a rich history of over a century and more than 70 years of broadcast television specific expertise, Gray Television delivers meaningful content to millions of viewers each day. "
target: Quincy Media
Quincy Media, Inc., formerly known as Quincy Newspapers, Inc., is a family-owned media company that owns and operates television stations in 16 markets, newspapers in two markets, radio in one and digital platforms in all. Their broadcast footprint covers much of the upper Midwest.
price ($mm)
$925
rev ($mm)
EBITDA ($mm)
$134
EV / rev
EV / EBITDA
6.9x
announced 9/25/2020 via PR Newswire

The E.W. Scripps Company, will acquire ION Media Networks

synopsis: The E.W. Scripps Company, America's fourth-largest independent TV station owner, will buy ION Media, an independent, privately held media company, and owner and operator of the nation’s largest broadcast station group.
buyer: The E.W. Scripps Company (SSP:$1,599.45)
The E.W. Scripps Company serves audiences and businesses through a growing portfolio of local and national media brands. With 36 television stations, Scripps is one of the nation's largest independent TV station owners. "
target: ION Media Networks (ION:$228.90)
ION Media is an independent, privately held media company, and owner and operator of the nation’s largest broadcast station group. ION reaches viewers in 98 million U.S. households, or 85% of the population, through its 60 owned and operated stations and its affiliations.
price ($mm)
$2,650
rev ($mm)
$558
EBITDA ($mm)
$323
EV / rev
4.7x
EV / EBITDA
8.2x
announced 9/9/2020 via BNC Analysis

Discovery Communications, Inc., will purchase Free-to-Air TV Business from MediaWorks NZ Limited

synopsis: Broadcaster MediaWorks has reached a binding agreement with media giant Discovery Inc regarding the sale of MediaWorks' free-to-air TV business. The deal includes entertainment channels Three and Bravo, streaming service ThreeNow, and multi-platform news and current affairs service Newshub, as well as other channels.
buyer: Discovery Communications, Inc. (DISC.A:$12,191.00)
Discovery Communications satisfies curiosity and engages superfans with a portfolio of premium nonfiction, lifestyle, sports and kids programming brands. Discovery reaches more than 3 billion cumulative viewers across pay-TV and free-to-air platforms in more than 220 countries and territories. "
seller parent: Oaktree Capital Management, LLC
seller: MediaWorks NZ Limited
The acquisition includes the free-to-air TV business of MediaWorks and includes entertainment channels Three and Bravo, streaming service ThreeNow, and multi-platform news and current affairs service Newshub, as well as other channels Three+1, Bravo+1, The Edge TV and The Breeze TV.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/12/2020 via BNC Analysis

NEP Group, Inc., acquired Outside Broadcasting Ltd

synopsis: Sky TV has sold its subsidiary Outside Broadcasting to US-based firm NEP. Outside Broadcasting is a destination for inspiration, creation and collaboration. Their talented people use the best technology and equipment to bring your broadcast vision to life. They cover anything from live sport, entertainment programs to special events.
buyer parent: Carlyle Group
buyer: NEP Group, Inc. (NEPG:$450.72)
Since 1986, NEP has been a worldwide outsourced technical production partner supporting premier content producers of live sports, entertainment, music and corporate events. "
target parent: Sky Network Television Limited
target: Outside Broadcasting Ltd
Outside Broadcasting is a destination for inspiration, creation and collaboration. Their talented people use the best technology and equipment to bring your broadcast vision to life. They cover anything from live sport, entertainment programs to special events.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/14/2020 via BNC Analysis

Mission Broadcasting, Inc., will acquire Pix11

synopsis: E.W. Scripps has announced that its New York CW affiliate, PIX11 (WPIX), will be acquired by Mission Broadcasting. PIX11 is an award-winning television station that airs primetime programming, news, hit movies, first-run programs, off-network sitcoms, children’s programming, and public affairs shows.
buyer: Mission Broadcasting, Inc.
Mission Broadcasting, Inc. is a television broadcasting company that acquires, develops, and operates television stations and interactive community Websites in medium-sized markets in the United States. Its stations provide free over-the-air programming to its markets’ television viewing audiences. "
target parent: The E.W. Scripps Company
target: Pix11
PIX11 is a New York TV station that airs primetime programming, award-winning news, hit movies, first-run programs, off-network sitcoms, children’s programming, and public affairs shows. PIX11 has earned over 265 Emmy Awards, including multiple awards for its news programs and coverage.
price ($mm)
$75
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/28/2020 via BNC Analysis

Gray Television, Inc., acquired KATH-TV and KSCT-TV

synopsis: GCI subsidiary Denali Media Holdings has announced the sale of its NBC affiliates in southeast Alaska to Gray Television. The sale includes KATH and KSCT stations in the Juneau and Sitka markets. Denali Media Holdings was established in 2012 and owns KTVA (CBS) in Anchorage along with three CBS stations in Juneau, Sitka and Ketchikan.
buyer: Gray Television, Inc. (GTN:$2,391.00)
Gray owns and/or operates television stations and leading digital properties in 91 television markets, including the first or second highest rated television station in 85 markets. "
target parent: General Communication, Inc
target: KATH-TV and KSCT-TV
KATH and KSCT serve NBC "Must See TV" to viewers in Alaska's capital city of Juneau, as well as to Sitka, Ketchikan, Petersburg, Wrangell, Angoon and other communities throughout Southeast Alaska, via broadcast, GCI cable, DishNet and DirecTV.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/27/2020 via GlobeNewswire

ION Media Networks, purchased KMCC-TV from Entravision Communications Corporation

synopsis: ION Media, the nation’s leading independent broadcast TV operator, announced the purchase of KMCC-TV in Las Vegas from Entravision Communications Corporation. KMCC-TV is an Azteca América-affiliated television station serving Las Vegas, Nevada, that is licensed to Laughlin and broadcasts primarily in Spanish.
buyer: ION Media Networks (ION:$228.90)
ION Media is an independent, privately held media company, and owner and operator of the nation’s largest broadcast station group. ION reaches viewers in 98 million U.S. households, or 85% of the population, through its 60 owned and operated stations and its affiliations. "
seller: Entravision Communications Corporation (EVC:$697.98)
KMCC-TV is an Azteca América-affiliated television station serving Las Vegas, that is licensed to Laughlin and broadcasts primarily in Spanish. Entravision is a diversified global media, data and advertising technology company that reaches and engages Latino consumers in the U.S. and other markets.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/31/2019 via BNC Analysis

Urban One, Inc., acquired WQMC-LD

synopsis: Urban One, the largest diversified media company that primarily targets Black Americans and urban consumers in the US, has acquired WQMC-LD (GTN or Media Columbus), a low-power independent commercial television station in Columbus, Ohio.
buyer: Urban One, Inc. (ROIAK:$387.79)
Urban One, Inc., formerly known as Radio One, Inc., together with its subsidiaries, is the largest diversified media company that primarily targets Black Americans and urban consumers in the United States. "
target: WQMC-LD
WQMC-LD (GTN or Media Columbus) is a low-power independent commercial television station in Columbus, Ohio. It broadcasts locally on channel 23. They broadcast in the Columbus metro area which reaches a majority of the 2.5 million residents of the overall Columbus DMA.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/18/2019 via GlobeNewswire

Regional News Network, will purchase 7 Full Power and One Class A Station from NRJ TV LLC

synopsis: RNN National Media (RNN) is to purchase 7 full power and one Class A station from NRJ. The stations are KSCI-TV in Los Angeles, WTVE-TV and WPHY-CD in the Philadelphia DMA, KFWD-TV in the Dallas-Ft. Worth DMA, KUBE-TV in the Houston DMA, KCNS-TV in the San Francisco-Oakland-San Jose DMA, WMFP-TV in the Boston DMA and KIKU-TV in the Honolulu DMA.
buyer: Regional News Network
RNN is a privately-owned portfolio of independent broadcast assets and production/distribution capabilities located in Rye Brook, NY. Their independent network currently reaches more than 14 million households and 43 million people throughout New York, Philadelphia, Washington, DC, and Boston. "
seller: NRJ TV LLC
The acquisition includes 7 full power and one Class A station from NRJ. The stations are KSCI-TV in Los Angeles, WTVE-TV and WPHY-CD in Philadelphia, KFWD-TV in Dallas-Ft. Worth, KUBE-TV in Houston, KCNS-TV in San Francisco-Oakland-San Jose, WMFP-TV in the Boston DMA and KIKU-TV in the Honolulu DMA.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

Like Eight Television Stations


read more

Nexstar Media Group

Cox Media Group, Inc.

WFXT Boston

Community News Media LLC

Meredith Corporation

KATH-TV and KSCT-TV

WQMC-LD

Waypoint Media, LLC

WCVI

Nexstar Media Group

Fox Television Stations

Heartland Media LLC

Citadel Communications Ltd.

KQTV

Nexstar Media Group

Gray Television, Inc.

WVIR-TV

United Communications Corporation

Cordillera Communications

WSIL-TV

read more

The CW Network

The Hill

Nexstar Digital

BestReviews LLC

Nexstar Media Group

Fox Television Stations

Nexstar Media Group

Nexstar Media Group

Nexstar Media Group

Tribune Media Company

KRBK-TV

WHDF-TV

LKQD Technologies

OTA Broadcasting LLC

WCWJ

Nexstar Broadcasting

Nexstar Broadcasting

Nexstar Broadcasting

Nexstar Broadcasting

Media General, Inc.

read more

Triton Digital Media

ION Media Networks

Pix11

Stitcher

WeatherSphere

Nexstar Media Group

Cordillera Communications

Triton Digital Media

Raycom Media, Inc.

The E.W. Scripps Company

The E.W. Scripps Company

The E.W. Scripps Company

The E.W. Scripps Company

Katz Broadcasting, LLC

Spoon University

Stitcher

Cracked Entertainment, Inc.

Midroll Media

WeatherSphere

Journal Broadcast Group, Inc.

read more

Nexstar Media Group

Cox Media Group, Inc.

Nation Broadcasting Corporation

Community News Media LLC

WFXT Boston

TEGNA Inc.

RTL Croatia

Emitel S.A.

Somethin’ Else

Meredith Corporation

New18

Quincy Media

ION Media Networks

MediaWorks NZ Limited

Outside Broadcasting Ltd

Pix11

KATH-TV and KSCT-TV

Entravision Communications Corporation

WQMC-LD

NRJ TV LLC

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Gannett Co., Inc.
Gannett Co., Inc.
Gannett is a leading media and marketing company with unparalleled local-to-national reach, successfully connecting consumers, communities and businesses. They provide rich content through hundreds of outstanding affiliated digital, mobile and print products.
year
2021
rev ($mm)
$3,208.08
EBITDA ($mm)
$478.88
EBIT ($mm)
$290.22
Net Income ($mm)
Employees
16300
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Ticker: TSE:9404
 
 
 
 
 
 
 
 
Nippon TV Holdings
Nippon TV Holdings
Nippon Television Holdings is a holding company that manages and operates broadcast companies in the group, through ownership of shares and stocks. The company was founded in 1952 and is based in Tokyo, Japan.
year
2013
rev ($mm)
$3,175.77
EBITDA ($mm)
$408.65
EBIT ($mm)
$344.70
Net Income ($mm)
$245.98
Employees
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Ticker: TGNA
 
 
 
 
 
 
 
 
TEGNA Inc.
TEGNA Inc.
TEGNA Inc. is an innovative media company that serves the greater good of communities. With 49 television stations and two radio stations in 41 markets, TEGNA delivers relevant content and information to consumers across platforms.
year
2021
rev ($mm)
$2,991.09
EBITDA ($mm)
$929.99
EBIT ($mm)
$802.22
Net Income ($mm)
$476.95
Employees
6430
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Ticker: GHC
 
 
 
 
 
 
 
 
Graham Holdings Company
Graham Holdings Company
Graham Holdings Company is a diversified education and media company whose operations include educational services; television broadcasting; online, print and local TV news; home health and hospice care; and manufacturing.
year
2019
rev ($mm)
$2,857.71
EBITDA ($mm)
$413.40
EBIT ($mm)
$302.95
Net Income ($mm)
$238.66
Employees
14297
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Ticker: GTN
 
 
 
 
 
 
 
 
Gray Television, Inc.
Gray Television, Inc.
Gray Television is a television broadcast company headquartered in Atlanta, Georgia, that owns and operates television stations and leading digital assets in markets throughout the US. They own and operate television stations in 45 television markets broadcasting a total of 150 programming streams.
year
2021
rev ($mm)
$2,391.00
EBITDA ($mm)
$909.00
EBIT ($mm)
$704.00
Net Income ($mm)
$396.00
Employees
7140
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Ticker: SSP
 
 
 
 
 
 
 
 
The E.W. Scripps Company
The E.W. Scripps Company
The E.W. Scripps Company serves audiences and businesses through a growing portfolio of local and national media brands. With 33 television stations, Scripps is one of the nation's largest independent TV station owners.
year
2020
rev ($mm)
$1,599.45
EBITDA ($mm)
$179.98
EBIT ($mm)
$75.54
Net Income ($mm)
Employees
5900
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Ticker: BME:A3M
 
 
 
 
 
 
 
 
Atresmedia Corporación de Medios de Comunicación, S.A.
Atresmedia Corporación de Medios de Comunicación, S.A.
Atresmedia, together with its subsidiaries, engages in the television, radio, cinema, the Internet, and advertising businesses. The company operates 57 television channels and 31 radio stations in Germany, France, Belgium, Holland, Luxembourg, Spain, Hungary, Croatia, and the Southeast Asia.
year
2021
rev ($mm)
$1,001.05
EBITDA ($mm)
$129.51
EBIT ($mm)
$116.80
Net Income ($mm)
$72.32
Employees
2467
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Ticker: BMV:AZTECA CPO
 
 
 
 
 
 
 
 
TV Azteca, S.A. de C.V.
TV Azteca produces Spanish-language television programming. The Company operates two national television networks in Mexico through owned and operated stations throughout the country. TV Azteca also operates a broadcast television network targeted toward the Hispanic market in the US.
year
2017
rev ($mm)
$817.84
EBITDA ($mm)
$140.88
EBIT ($mm)
$86.49
Net Income ($mm)
Employees
4489
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Ticker: CTCM
 
 
 
 
 
 
 
 
CTC Media, Inc.
CTC Media, Inc.
CTC Media is the leading Russian independent media company. The group manages four television channels in Russia (CTC, Domashny, Peretz and CTC Love) as well as Channel 31 in Kazakhstan and a TV company in Moldova with combined audience over 150 million viewers.
year
2014
rev ($mm)
$788.84
EBITDA ($mm)
$261.98
EBIT ($mm)
$232.82
Net Income ($mm)
$134.97
Employees
1129
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