Like KATH-TV and KSCT-TV

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)
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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)
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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.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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
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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)
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)
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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)
EBITDA ($mm)
EV / rev
EV / EBITDA
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.
price ($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)
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
EV / EBITDA
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)
EBITDA ($mm)
EV / rev
EV / EBITDA
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)
EBITDA ($mm)
EV / rev
EV / EBITDA
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.
price ($mm)
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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 3/20/2019 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 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:$2,391.00)
The acquisition includes the Charlottesville, Virginia, television stations WCAV (CBS/FOX) and WVAW (ABC) from Gray Television, an American publicly traded television broadcasting company based in Atlanta, Georgia.
price ($mm)
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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:$2,391.00)
Gray owns and/or operates television stations and leading digital properties in 91 television markets, including the first or second highest rated television station in 85 markets. "
target parent: Waterman Broadcasting
target: WVIR-TV
WVIR-TV NBC29 is a local news NBC affiliate in Charlottesville VA. They offer local news, weather, sports and more.
price ($mm)
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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)
EV / rev
EV / EBITDA
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 10/30/2018 via BNC Analysis

Quincy Media, will acquire KVOA-TV

synopsis: Cordillera Communications, a leader in broadcast markets across the United States, announced it will sell KVOA Tuscan to Quincy Media. KVOA Tuscan is an NBC-affiliated television station licensed to Tucson, Arizona. It is Tucson’s second-oldest TV station, dating back to September 1953, and serves more than one million people.
buyer: Quincy Media
Quincy Media, Inc., formerly known as Quincy Newspapers, Inc., is a family-owned media company that owns and operates television stations in 14 markets, newspapers in two markets, radio in one and digital platforms in all. "
target parent: Evening Post Industries
target: KVOA-TV
KVOA Tuscan is an NBC-affiliated television station licensed to Tucson, Arizona. It is Tucson’s second-oldest TV station, dating back to September 1953, and serves more than one million people.
price ($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:$2,391.00)
Gray owns and/or operates television stations and leading digital properties in 91 television markets, including the first or second highest rated television station in 85 markets. "
target parent: General Communication, Inc
target: KATH-TV and KSCT-TV
KATH and KSCT serve NBC "Must See TV" to viewers in Alaska's capital city of Juneau, as well as to Sitka, Ketchikan, Petersburg, Wrangell, Angoon and other communities throughout Southeast Alaska, via broadcast, GCI cable, DishNet and DirecTV.
price ($mm)
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announced 11/12/2012 via PR Newswire

General Communication, Inc, will acquire KATH-TV

synopsis: Denali Media Holdings, a subsidiary of General Communication, Inc. announced that it has agreed to the purchase NBC affiliates KATH-TV in Juneau and KSCT-TV of Sitka. KATH and KSCT serve NBC "Must See TV" to viewers in Alaska via broadcast, GCI cable, DishNet and DirecTV.
buyer: General Communication, Inc (GNCMA:$942.86)
A pioneer in bundled services, GCI is a provider of voice, data, and video services to Alaska consumers with a 70 percent share of the consumer broadband market. GCI's services are connected through company-owned fiber optic, satellite and metropolitan area network facilities to the lower 48 states."
target parent: North Star Television Network
target: KATH-TV
KATH and KSCT serve NBC "Must See TV" to viewers in Alaska's capital city of Juneau, as well as to Sitka, Ketchikan, Petersburg, Wrangell, Angoon and other communities throughout Southeast Alaska, via broadcast, GCI cable, DishNet and DirecTV.
price ($mm)
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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)
EBITDA ($mm)
EV / rev
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
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 5/8/2019 via PE Hub

Diversis Capital, Stage 1 Ventures, acquired PureCars

synopsis: Private equity and venture capital firms Diversis Capital, LLC, and Stage 1 Ventures, LLC has acquired PureCars from Raycom Media, one of America's largest privately owned media companies. PureCars is a leader in marketing automation and business intelligence for the automotive industry.
buyer: Diversis Capital
buyer: Stage 1 Ventures
Diversis Capital, LLC is a private equity firm that invests in lower and middle-market companies. Stage 1 Ventures is an early stage venture capital firm that is seeking to build partnerships with great entrepreneurs that are flexible and who want to build meaningful companies. "
target parent: Gray Television, Inc.
target: PureCars
PureCars is a data-driven technology company founded on providing automotive dealers with industry-leading marketing automation and services. PureCars provides marketing automation and business intelligence solutions that help dealerships drive deeper, longer term success for their business.
price ($mm)
rev ($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:$2,391.00)
The acquisition includes the Charlottesville, Virginia, television stations WCAV (CBS/FOX) and WVAW (ABC) from Gray Television, an American publicly traded television broadcasting company based in Atlanta, Georgia.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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:$2,391.00)
Gray owns and/or operates television stations and leading digital properties in 91 television markets, including the first or second highest rated television station in 85 markets. "
target parent: Waterman Broadcasting
target: WVIR-TV
WVIR-TV NBC29 is a local news NBC affiliate in Charlottesville VA. They offer local news, weather, sports and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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)
EV / rev
EV / EBITDA
announced 8/22/2018 via PR Newswire

Lockwood Broadcast Group, will purchase 4 TV Stations from Gray Television, Inc.

synopsis: Lockwood Broadcast Group, a television broadcasting company has agreed to acquire Fox affiliates WTNZ (DMA 61), WFXG in the Augusta market (DMA 112), WPGX (DMA 151) and WDFX (DMA 173) from Gray Television, a company that owns and operates over 100 television stations across 57 television 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:$2,391.00)
Gray Television, Inc. owns and/or operates over 100 television stations across 57 television markets. Their stations include Fox affiliates WTNZ in the Knoxville market (DMA 61), WFXG in the Augusta market (DMA 112), WPGX in the Panama City market (DMA 151) and WDFX in the Dothan market (DMA 173).
price ($mm)
rev ($mm)
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EV / rev
EV / EBITDA
closed 1/2/2019 via BusinessWire

TEGNA Inc., purchased WTOL and KWES from Gray Television, Inc.

synopsis: TEGNA Inc., an American publicly traded broadcast, digital media and marketing services company, announced that it has completed its previously announced acquisition of WTOL, the CBS affiliate in Toledo, OH, and KWES, the NBC affiliate in Midland-Odessa, TX, from Gray Television,.
buyer: TEGNA Inc. (TGNA:$2,991.09)
TEGNA Inc. is a media company innovating in the digital age. Their purpose is to serve the greater good of their communities. As one of the most geographically diverse broadcasters in the U.S., TEGNA is a best-in-class operator with 46 television stations in 38 markets from coast to coast. "
seller: Gray Television, Inc. (GTN:$2,391.00)
The acquisition includes the leading local stations WTOL, the CBS affiliate in Toledo, OH, and KWES, the NBC affiliate in Odessa-Midland, TX, from Gray Television, a television broadcast company headquartered in Atlanta, Georgia.
price ($mm)
$105
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/16/2018 via PR Newswire

Marquee Broadcasting, Inc., will acquire WSWG-TV

synopsis: Gray Television, Inc. announced that it has entered into an agreement to sell WSWG-TV, the CBS affiliate for the Albany, Georgia television market, to Marquee Broadcasting, Inc., a small broadcasting company which owns several television stations in the United States.
buyer: Marquee Broadcasting, Inc.
Marquee Broadcasting Inc. is committed to broadcasting the best and most relevant material and information to its listening and viewing public. The company owns and operates WMDT-TV in Salisbury, Md., WGTA-TV in Toccoa, Ga., and WEVD-LP in Dover, DE. "
target parent: Gray Television, Inc.
target: WSWG-TV
WSWG is a CBS-affiliated television station licensed to Valdosta, Georgia, United States and serving Southwestern Georgia.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/25/2018 via BNC Analysis

Gray Television, Inc., will acquire Raycom Media, Inc.

synopsis: Gray Television, a television broadcast company headquartered in Atlanta, Georgia, will acquire Raycom Media, one of America's largest privately owned media companies. Raycom Media owns and provides services for 65 television stations and two radio stations in 44 markets in 20 states.
buyer: Gray Television, Inc. (GTN:$2,391.00)
Gray Television is a television broadcast company headquartered in Atlanta, Georgia, that owns and operates television stations and leading digital assets in markets throughout the US. They own and operate television stations in 57 television markets broadcasting over 200 programming streams. "
target: Raycom Media, Inc.
Raycom Media is one of America's largest privately owned media companies. It owns and provides services for 65 television stations and two radio stations in 44 markets in 20 states. Those stations cover more than 16 percent of U.S. television households and employ more than 4,800 people.
price ($mm)[EV]
$3,547 [$3,447]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/2/2018 via PR Newswire

Gray Television, Inc., will acquire KDLT News

synopsis: Gray Television, Inc., a TV broadcasting company headquartered in Atlanta, GA, will acquire KDLT News (KDLT-TV) from Red River Broadcasting Company, a TV broadcasting company based in Fargo, ND. KDLT News is an NBC affiliated TV station in Sioux Falls, SD. The station broadcasts on channel 46 and provides the latest news, weather, and sports.
buyer: Gray Television, Inc. (GTN:$2,391.00)
Gray Television is a television broadcast company headquartered in Atlanta, Georgia, that owns and operates television stations and leading digital assets in markets throughout the US. They own and operate television stations in 57 television markets broadcasting over 200 programming streams. "
target parent: Red River Broadcasting Company
target: KDLT News
KDLT News (KDLT-TV) is an NBC affiliated television station in Sioux Falls, South Dakota. The station broadcasts on channel 46 and provides the latest news, weather, and sports. KDLT News serves Eastern South Dakota, Southwestern Minnesota, Northwestern Iowa and parts of Nebraska.
price ($mm)
$33
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/4/2017 via PR Newswire

Gray Television, Inc., will acquire WCAX-TV

synopsis: Gray Television, Inc., a television broadcast company headquartered in Atlanta, Georgia, announced that it will acquire WCAX-TV, the CBS affiliated television station in the Burlington, Vermont-Plattsburgh, New York, market. WCAX-TV brings their viewers the latest news, weather and local sports.
buyer: Gray Television, Inc. (GTN:$2,391.00)
Gray Television is a television broadcast company headquartered in Atlanta, Georgia, that owns and operates television stations and leading digital assets in markets throughout the US. They own and operate television stations in 50 television markets broadcasting a total of 180 programming streams. "
target: WCAX-TV
Since 1954 WCAX-TV has been the market leader, bringing their viewers the latest news, weather and local sports. As the broadcast industry converts to digital broadcasting, WCAX-TV continues to lead the way in Vermont, New York and New Hampshire.
price ($mm)
$29
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/16/2017 via PR Newswire

Gray Television, Inc., will purchase WABI and WCJB TV Stations from Diversified Communications

synopsis: Gray Television, Inc., a television broadcast company headquartered in Atlanta, Georgia, announced that it will acquire Diversified Communications's two television stations . This acquisition will add two more stations to Gray's growing portfolio: WABI (CBS/CW) in the Bangor, Maine market and WCJB (ABC/CW) in the Gainesville, Florida market.
buyer: Gray Television, Inc. (GTN:$2,391.00)
Gray Television is a television broadcast company headquartered in Atlanta, Georgia, that owns and operates television stations and leading digital assets in markets throughout the US. They own and operate television stations in 50 television markets broadcasting a total of 180 programming streams. "
seller: Diversified Communications
WABI and WCJB are TV stations ownd by Diversified Communications. WABI is a CBS affiliate in Bangor, Maine. WCJB is an ABC affiliate in Gainesville, Florida. Each of WABI and WCJB consistently achieves #1 ratings in all major dayparts in its market, in both households and key demos.
price ($mm)
$85
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/9/2016 via Company Press Release

Gray Television, Inc., will purchase KTVF, KXD and KFXF from Tanana Valley Television

synopsis: Gray Television, Inc., a television broadcast company, is acquiring the KTVF, KXD and KFXF television stations from Tanana Valley Television Company, a television company based out of Fairbanks, Alaska. KTVF, KXD and KFXF are all local stations based out of Fairbanks, Alaska.
buyer: Gray Television, Inc. (GTN:$2,391.00)
Gray Television is a television broadcast company headquartered in Atlanta, Georgia, that owns and operates television stations and leading digital assets in markets throughout the US. They own and operate television stations in 50 television markets broadcasting a total of 180 programming streams. "
seller: Tanana Valley Television
The acquisition includes three local television stations located in Fairbanks, Alaska. KTVF, an NBC-affiliate, KXD, a CBS affiliate, and KFXF, a FOX affiliate. Tanana Valley Television Company is a television company also based out of Fairbanks, Alaska.
price ($mm)
$8.00
rev ($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 5/13/2016 via PR Newswire

Gray Television, Inc., will purchase WDTV and WVFX from Withers Broadcasting Companies

synopsis: Gray Television, Inc. announced that it has reached an agreement with Withers Broadcasting Companies to acquire television stations WDTV (CBS) and WVFX (FOX/CW) in Clarksburg, West Virginia. WDTV is the second highest rated and grossing television station in the Clarksburg-Weston designated market area.
buyer: Gray Television, Inc. (GTN:$2,391.00)
Gray Television is a television broadcast company headquartered in Atlanta, Georgia, that owns and operates television stations and leading digital assets in markets throughout the US. They own and operate television stations in 50 television markets broadcasting a total of 180 programming streams. "
seller: Withers Broadcasting Companies
WDTV (CBS) and WVFX (FOX/CW) are television stations in Clarksburg, WV, owned by Withers Broadcasting Companies. Withers Broadcasting Companies is a broadcasting company that owns several radio and television stations in the United States, primarily in Missouri, Illinois and Kentucky.
price ($mm)
$27
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/1/2015 via Company Press Release

Lockwood Broadcast Group, acquired KAKE-TV

synopsis: Gray Television, KAKE's owner, reached an agreement to sell all of KAKE's assets in exchange for the assets of WBXX-TV in Knoxville, TN and $11.2 million in cash. KAKE-TV is an ABC affiliate station broadcasting in Wichita, Kansas.
buyer: Lockwood Broadcast Group
Lockwood Broadcast Group operates 7 television stations in six markets. Stations include WSKY-4 TV Norfolk; WCWG-TV (CW) Greensboro; WBXX (CW) and WKNX (Independent) in Knoxville; WQCW (CW) in Charleston-Huntington; WHDF (CW) in Huntsville-Decatur; and KTEN in Sherman TX-Ada OK. "
target parent: Gray Television, Inc.
target: KAKE-TV
KAKE-TV is an ABC affiliate station broadcasting news in Wichita, Kansas.
price ($mm)
$11
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/1/2015 via PR Newswire

Gray Television, Inc., will acquire WLUC-TV

synopsis: Sinclair Broadcast Group, Inc. announced that it has entered into a definitive agreement to purchase the broadcast assets of WSBT (CBS) in South Bend-Elkhart, Indiana (DMA(1) 96) owned by Schurz Communications, Inc., and to sell the broadcast assets of WLUC (NBC and FOX) in Marquette, Michigan (DMA 180) to Gray Television, Inc.
buyer: Gray Television, Inc. (GTN:$2,391.00)
Gray Television is a television broadcast company headquartered in Atlanta, Georgia, that owns and operates television stations and leading digital assets in markets throughout the US. They own and operate television stations in 45 television markets broadcasting a total of 150 programming streams. "
target parent: Sinclair Broadcast Group
target: WLUC-TV
WLUC-TV is the NBC-affiliated television station for Michigan's Central Upper Peninsula licensed to Marquette.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/17/2016 via PR Newswire

Gray Television, Inc., purchased TV And Radio Stations from Schurz Communications, Inc.

synopsis: Gray Television, Inc. announced that it has closed its acquisition of all of the television and radio stations of Schurz Communications, Inc. The company is a diversified and privately-owned communications company that owns television stations, radio stations, daily and weekly newspapers, cable companies and more.
buyer: Gray Television, Inc. (GTN:$2,391.00)
Gray Television, Inc. is a television broadcast company headquartered in Atlanta, Georgia, that owns and operates television stations and leading digital assets in markets throughout the United States. "
seller: Schurz Communications, Inc.
Schurz is a diversified and privately-owned communications company based in Mishawaka, Indiana, that owns television stations, radio stations, daily and weekly newspapers, cable companies and a telephone directory in medium and small sized markets throughout the U.S.
price ($mm)
$415
rev ($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 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

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 2/23/2022 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 2/22/2022 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 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)
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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)
$59
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EBITDA ($mm)
EV / rev
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Like KATH-TV and KSCT-TV


read more

KATH-TV and KSCT-TV

Cox Media Group, Inc.

WFXT Boston

Community News Media LLC

Meredith Corporation

WQMC-LD

Waypoint Media, LLC

WCVI

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Heartland Media LLC

Citadel Communications Ltd.

KQTV

Nexstar Media Group

Nexstar Media Group

Gray Television, Inc.

WVIR-TV

United Communications Corporation

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KATH-TV and KSCT-TV

KATH-TV

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KATH-TV and KSCT-TV

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Gray Television, Inc.

Gray Television, Inc.

WSWG-TV

Raycom Media, Inc.

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WCAX-TV

Diversified Communications

Tanana Valley Television

Nexstar Broadcasting

Withers Broadcasting Companies

KAKE-TV

WLUC-TV

Schurz Communications, Inc.

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KATH-TV and KSCT-TV

Cox Media Group, Inc.

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TEGNA Inc.

RTL Croatia

Emitel S.A.

Somethin’ Else

Meredith Corporation

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Quincy Media

ION Media Networks

MediaWorks NZ Limited

Outside Broadcasting Ltd

Pix11

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NRJ TV LLC

Waypoint Media, LLC

Geography
Matching Companies
Ticker: NYSE:TSQ
 
 
 
 
 
 
 
 
Townsquare Media Group
Townsquare Media Group
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2021
rev ($mm)
$417.96
EBITDA ($mm)
$101.39
EBIT ($mm)
$82.30
Net Income ($mm)
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Employees
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Ticker: SBSA
 
 
 
 
 
 
 
 
Spanish Broadcasting System, Inc.
Spanish Broadcasting System, Inc.
Spanish Broadcasting System, Inc. (SBS) is the largest publicly traded Hispanic-controlled media and entertainment company in the United States. SBS owns 17 radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico.
year
2021
rev ($mm)
$139.96
EBITDA ($mm)
$38.88
EBIT ($mm)
$35.74
Net Income ($mm)
Employees
376
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Ticker: TSE:4676
 
 
 
 
 
 
 
 
Fuji Media Holdings, Inc.
Fuji Media Holdings, Inc.
Fuji Media Holdings, Inc. is a certified broadcast holding company in Japan. Their broadcasting business produces terrestrial and satellite (BS and CS) television broadcasts, and radio broadcasts.
year
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rev ($mm)
$5,960.07
EBITDA ($mm)
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EBIT ($mm)
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Net Income ($mm)
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Employees
7820
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Ticker: SBGI
 
 
 
 
 
 
 
 
Sinclair Broadcast Group
Sinclair Broadcast Group
Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies in the country today. Sinclair owns and operates, programs or provides sales services to 162 television stations in 79 markets.
year
2020
rev ($mm)
$5,943.00
EBITDA ($mm)
$2,075.67
EBIT ($mm)
$1,377.00
Net Income ($mm)
Employees
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Ticker: JSE:NPN
 
 
 
 
 
 
 
 
Naspers Ltd.
Naspers Ltd.
Founded in 1915, Naspers is a global internet and entertainment group and one of the largest technology investors in the world. Operating in more than 130 countries and markets with long-term growth potential, Naspers builds leading companies that empower people and enrich communities.
year
2021
rev ($mm)
$5,934.00
EBITDA ($mm)
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EBIT ($mm)
($1,098.00)
Net Income ($mm)
$5,304.00
Employees
28445
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Ticker: MTG B
 
 
 
 
 
 
 
 
Modern Times Group MTG AB
Modern Times Group MTG AB
MTG (Modern Times Group MTG AB) is an international entertainment group. Their operations span six continents and include TV channels and platforms, online services, content production businesses and radio stations.
year
2022
rev ($mm)
$5,896.00
EBITDA ($mm)
EBIT ($mm)
($73.00)
Net Income ($mm)
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Ticker: NXST
 
 
 
 
 
 
 
 
Nexstar Broadcasting
Nexstar Broadcasting
Nexstar Broadcasting 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.
year
2022
rev ($mm)
$4,858.07
EBITDA ($mm)
$2,038.81
EBIT ($mm)
$1,450.97
Net Income ($mm)
Employees
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Ticker: XTRA:PSM
 
 
 
 
 
 
 
 
ProSiebenSat.1 Media AG
ProSiebenSat.1 Media AG
ProSiebenSat.1 Group is one of the largest independent media corporations in Europe. With the stations SAT.1, ProSieben, kabel eins, sixx, SAT.1 Gold and ProSieben MAXX, they are number 1 in Germany both in the TV-advertising market and in the audience market.
year
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rev ($mm)
$4,569.40
EBITDA ($mm)
$953.74
EBIT ($mm)
$717.84
Net Income ($mm)
$456.53
Employees
7923
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Ticker: GCI
 
 
 
 
 
 
 
 
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
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$2,991.09
EBITDA ($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
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$2,391.00
EBITDA ($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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