Like TV Station Division

announced 6/3/2021 via GlobeNewswire

Gray Television, Inc., will purchase TV Station Division from Meredith Corporation

See 104 Comparable Transactions
synopsis: Magazine publisher and multimedia company Meredith Corp. is selling 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
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closed 5/28/2020 via BNC Analysis

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

See 104 Comparable Transactions
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

See 104 Comparable Transactions
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. (UONE.K:$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

See 104 Comparable Transactions
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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closed 11/20/2019 via BNC Analysis

Lilly Broadcasting LLC, acquired WCVI

See 104 Comparable Transactions
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

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

See 104 Comparable Transactions
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:$4,740.34)
Nexstar Media Group is one of the largest local TV station operators in the country. They have 174 full power television stations in 100 markets addressing nearly 38.7% of US television households, and a diversified, growing digital media operation. "
 seller parent: The Walt Disney Company
seller: Fox Television Stations
The acquisition includes the Charlotte FOX Affiliate WJZY and MyNetworkTV Affiliate WMYT from Fox Television Stations, LLC, a subsidiary of Fox Corporation. Both stations are located in Charlotte, North Carolina.
price ($mm)
$45
rev ($mm)
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announced 11/5/2019 via BusinessWire

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

See 104 Comparable Transactions
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:$4,740.34)
The acquisition includes the Seattle FOX Affiliate KCPQ and MyNetworkTV Affiliate KZJO and the Milwaukee FOX Affiliate WITI from Nexstar Media Group, one of the largest local TV station operators in the country.
price ($mm)
$350
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announced 10/23/2019 via PR Newswire

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

See 104 Comparable Transactions
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
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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.

See 104 Comparable Transactions
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
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announced 4/4/2019 via Company Press Release

News-Press & Gazette Company, will acquire KQTV

See 104 Comparable Transactions
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

See 104 Comparable Transactions
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:$2,694.16)
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:$4,740.34)
The acquisition includes 11 local television stations from Nexstar Media. The stations include WTIC/WCCT, WPMT, WATN/WLMT, WNEP, WOI/KCWI, WZDX, WQAD and KFSM.
price ($mm)
$740
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announced 3/20/2019 via PR Newswire

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

See 104 Comparable Transactions
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:$4,740.34)
The acquisition includes eight television stations in seven markets from the Nexstar Media Group, one of the largest local TV station operators in the country. They are acquiring WPIX, KASW, WSFL, KSTU, WTKR, WGNT, WTVR and WXMI.
price ($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.

See 104 Comparable Transactions
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

See 104 Comparable Transactions
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

See 104 Comparable Transactions
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
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announced 10/30/2018 via Market Watch

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

See 104 Comparable Transactions
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
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announced 10/30/2018 via BNC Analysis

Quincy Media, will acquire KVOA-TV

See 104 Comparable Transactions
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.
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closed 10/30/2018 via BNC Analysis

Quincy Media, acquired WSIL-TV

See 104 Comparable Transactions
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 1/2/2019 via BusinessWire

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

See 104 Comparable Transactions
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:$2,694.16)
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
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announced 8/16/2018 via PR Newswire

Marquee Broadcasting, Inc., will acquire WSWG-TV

See 104 Comparable Transactions
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.
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Pages:  
announced 6/3/2021 via GlobeNewswire

Gray Television, Inc., will purchase TV Station Division from Meredith Corporation

See 104 Comparable Transactions
synopsis: Magazine publisher and multimedia company Meredith Corp. is selling 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
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closed 1/24/2020 via BusinessWire

Minute Media, acquired FanSided

See 199 Comparable Transactions
synopsis: Minute Media, a leading global technology and digital publishing platform, has acquired FanSided from Meredith Corporation. FanSided is one of the fastest growing platforms of sports and lifestyle digital properties, with more than 300 destinations focused on specific professional sports teams, college sports, lifestyle trends, and more.
buyer: Minute Media
Minute Media is a leading media and technology brand focused on two main pillars—platform and content. Minute Media’s platform serves as the company’s foundation, powering its content as well as enabling the evolution of other market-leading digital media brands. "
 target parent: Meredith Corporation
target: FanSided
FanSided is one of the fastest growing platforms of sports and lifestyle digital properties, with more than 300 destinations focused on specific professional sports teams, college sports, lifestyle trends, and more.
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closed 1/10/2020 via PR Newswire

Meredith Corporation, acquired SwearBy

See 50 Comparable Transactions
synopsis: Meredith Corporation, the leading media company for women reaching nearly 100 million American female consumers each month, announced its acquisition of SwearBy, a digital platform for word of mouth recommendations designed to crowdsource and share products that women "swear by" based on their personal experiences.
buyer: Meredith Corporation (NYSE:MDP:$2,879.70)
Meredith Corporation has been committed to service journalism for 115 years. Meredith uses multiple distribution platforms – including broadcast television, print, digital, mobile and video – to provide consumers with content they desire and to deliver the messages of its advertising partners. "
 target: SwearBy
SwearBy is a digital platform for word of mouth recommendations designed to crowdsource and share products that women "swear by" based on their personal experiences.
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closed 10/30/2019 via PR Newswire

Meredith Corporation, acquired Stop, Breathe & Think

See 217 Comparable Transactions
synopsis: Meredith Corporation, the leading media and marketing company reaching 185 million American consumers every month, has acquired Stop, Breathe & Think, a personalized emotional wellness platform that helps kids and adults build the emotional strength and confidence to handle whatever comes their way.
buyer: Meredith Corporation (NYSE:MDP:$2,879.70)
Meredith Corporation has been committed to service journalism for 115 years. Meredith uses multiple distribution platforms – including broadcast television, print, digital, mobile and video – to provide consumers with content they desire and to deliver the messages of its advertising partners. "
 target: Stop, Breathe & Think
Stop, Breathe & Think is a personalized emotional wellness platform that helps kids and adults build the emotional strength and confidence to handle whatever comes their way. It's paving the way to everyday emotional wellness with bite-size personalized content and activities based on user emotions.
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closed 10/23/2019 via PR Newswire

Ad Practitioners, acquired Money.com

See 27 Comparable Transactions
synopsis: Ad Practitioners, LLC has acquired Money.com from Meredith Corporation. Money is a personal finance brand and website. Based in New York City, its articles cover the gamut of personal finance topics ranging from investing, saving, retirement and taxes to family finance issues like paying for college, credit, career and home improvement.
buyer: Ad Practitioners
Founded in 2016, Ad Practitioners matches world-class brands with engaged audiences across over 150 categories, from personal finance, health, home, and lifestyle to insurance, software and beyond. The Company owns a portfolio of digital brands, including ConsumersAdvocate.org. "
 target parent: Meredith Corporation
target: Money.com
Money is a personal finance brand and website. Money is based in New York City. Its articles cover the gamut of personal finance topics ranging from investing, saving, retirement and taxes to family finance issues like paying for college, credit, career and home improvement.
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closed 12/19/2018 via PR Newswire

Flash Equity LLC, acquired The Drive

See 135 Comparable Transactions
synopsis: The Drive, one of the most influential automotive media platforms, has been acquired by Flash Equity LLC. Since its founding in 2015, The Drive continues to publish a wide range of automotive and transportation content including breaking news stories, reviews, incisive op-eds, and investigative features.
buyer: Flash Equity LLC
Flash Equity is a principal investment firm dedicated to building a portfolio of growing, transformative online media brands. Flash Equity management team has extensive experience in the intersection of technology and media and seeks to make long-term investments across the media landscape. "
 target parent: Meredith Corporation
target: The Drive
The Drive is one of the most influential automotive media platforms. The Drive publishes a wide range of automotive and transportation content including breaking news stories, reviews, incisive op-eds, and investigative features.
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announced 11/9/2018 via BNC Analysis

Chatchaval Jiaravanon, will acquire Fortune

See 313 Comparable Transactions
synopsis: Meredith has an agreement to sell Fortune Magazine to Thailand-based entrepreneur Chatchaval Jiaravanon. Fortune is an American multinational business magazine headquartered in New York City, United States. In addition to its namesake magazine, FORTUNE publishes several digital newsletters.
buyer: Chatchaval Jiaravanon
Chatchaval Jiaravanon, a California-educated executive with almost no profile in the U.S. media business, is the executive chairman of Charoen Pokphand Group, Thailand's largest private company, with business interests ranging from telecommunications to 7-Eleven stores to meat processing. "
 target parent: Meredith Corporation
target: Fortune
Fortune is an American multinational business magazine headquartered in New York City, United States. In addition to its namesake magazine, FORTUNE publishes several digital newsletters.
price ($mm)
$150
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announced 9/17/2018 via Wall Street Journal

Marc and Lynne Benioff, will acquire Time Magazine

See 1561 Comparable Transactions
synopsis: Marc Benioff, the chief executive of the software company Salesforce, and his wife, Lynne, said that they had agreed to buy Time magazine from Meredith Corporation. Time is an American weekly news magazine and news website published in New York City and founded in 1923.
buyer: Marc and Lynne Benioff
Marc Benioff is an American billionaire internet entrepreneur, author and philanthropist. He is the founder, chairman and co-CEO of Salesforce, an enterprise cloud computing company. Lynne Benioff is a philanthropist and married to Marc Benioff. "
 target parent: Meredith Corporation
target: Time Magazine
Time is an American weekly news magazine and news website published in New York City and founded in 1923. An essential destination for reporting on the people, places and issues that matter, TIME captures the events that shape our lives through exceptional reporting, writing and photography.
price ($mm)
$190
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announced 4/25/2018 via PR Newswire

Meredith Corporation, will acquire KPLR 11

See 921 Comparable Transactions
synopsis: Meredith Corporation, one of America's leading media and marketing companies, will acquire KPLR 11 from Sinclair Broadcast Group, a diversified television broadcasting company in the US. KPLR 11 is a CW-affiliated television station licensed to the St. Louis, Missouri area. The station programs a strong schedule of news, sports and entertainment.
buyer: Meredith Corporation (NYSE:MDP:$2,879.70)
Meredith Corporation has been committed to service journalism for 115 years. Meredith uses multiple distribution platforms – including broadcast television, print, digital, mobile and video – to provide consumers with content they desire and to deliver the messages of its advertising partners. "
 target parent: Sinclair Broadcast Group
target: KPLR 11
KPLR 11 is a CW-affiliated television station licensed to the St. Louis, Missouri area. The station programs a strong schedule of news, sports and entertainment. KPLR 11 provides over 11 hours of high definition CW programming every week.
price ($mm)
$65
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closed 5/7/2018 via BusinessWire

Accenture Interactive, acquired Meredith Xcelerated Marketing

See 2195 Comparable Transactions
synopsis: Accenture, through Accenture Interactive, has entered into an agreement to acquire New York-based digital agency, Meredith Xcelerated Marketing (MXM), a content-focused leader in integrated marketing, cross-channel strategy development and creative execution.
buyer parent: Accenture
buyer: Accenture Interactive
Accenture Interactive helps the world’s leading brands transform their customer experiences across the entire customer journey. Through their connected offerings in design, marketing, content and commerce, they create new ways to win in today’s experience-led economy. "
 target parent: Meredith Corporation
target: Meredith Xcelerated Marketing
Meredith Xcelerated Marketing (MXM) is a New York-based digital agency and a content-focused leader in integrated marketing, cross-channel strategy development and creative execution.
price ($mm)
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closed 3/19/2018 via PR Newswire

Epiris LLP, acquired Time Inc. UK

See 2216 Comparable Transactions
synopsis: Epiris LLP, a UK private equity firm, has acquired Time Inc. UK from Meredith Corporation, a leading media and marketing services company. Time Inc. UK is Britain’s leading publisher of print and digital magazine content. Their portfolio encompasses more than 50 well-known brands, including Country Life, What's on TV, Woman's Weekly and Wallpaper*.
buyer: Epiris LLP
Epiris LLP is a top-decile private equity firm in the UK that invests in opportunities to transform businesses in partnership with exceptional management teams. Epiris targets control positions in UK-centric businesses with an enterprise value of between £75 million and £500 million. "
 target parent: Meredith Corporation
target: Time Inc. UK
Time Inc. UK is Britain’s leading publisher of print and digital magazine content. With more than 50 iconic brands – including Decanter, Country Life, Horse & Hound – Time Inc. UK creates content for multiple platforms, across print, online, mobile, tablets and experiences.
price ($mm)
rev ($mm)
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EV / rev
EV / EBITDA
closed 2/7/2018 via PR Newswire

Emigrant Capital Corp., acquired GOLF

See 192 Comparable Transactions
synopsis: Emigrant Capital Corp., the private equity division of Emigrant Bank, has acquired GOLF magazine and GOLF.com from Meredith Corporation. Formerly owned by Time Inc., GOLF Magazine and GOLF.com were acquired by Meredith recently as part of its acquisition of Time Inc.
buyer parent: Emigrant Bank
buyer: Emigrant Capital Corp.
Emigrant Capital Corp. is the private equity division of Emigrant Bank, the nation's largest family owned bank. They provide long-term equity and related capital to established middle-market businesses that can benefit from their financial, operational and strategic resources. "
 target parent: Meredith Corporation
target: GOLF
Golf.com offers coverage of news and developments from the PGA, LPGA, Champions', and Nationwide tours. It also offers hole-by-hole leaderboard results, as well as content for recreational players.
price ($mm)
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announced 11/26/2017 via PR Newswire

Meredith Corporation, will acquire Time Inc.

See 4026 Comparable Transactions
synopsis: Meredith Corporation announced that it has entered into a binding agreement to acquire all outstanding shares of Time Inc., one of the world's most influential media companies. Time Inc. is home to 100 iconic news and culture brands like People, Sports Illustrated, Time, InStyle, Real Simple, Food & Wine, and Fortune.
buyer: Meredith Corporation (NYSE:MDP:$2,879.70)
Meredith Corporation has been committed to service journalism for 115 years. Meredith uses multiple distribution platforms – including broadcast television, print, digital, mobile and video – to provide consumers with content they desire and to deliver the messages of its advertising partners. "
 target: Time Inc. (NYSE:TIME:$2,884.00)
Time Inc. is one of the world's most influential media companies. Through their 100 news and culture brands, consumers & marketers can leverage the power of Time Inc.’s stories every day, every hour, on every platform, from every angle, at the best possible moment.
price ($mm)[EV]
$1,902 [$2,793]
rev ($mm)
$2,884
EBITDA ($mm)
$388
EV / rev
1.0x
EV / EBITDA
7.2x
announced 2/23/2017 via Wall Street Journal

Meredith Corporation, will acquire Peachtree TV

See 921 Comparable Transactions
synopsis: Time Warner Inc. agreed to sell its Atlanta television station, Peachtree TV (WPCH-TV), to Meredith Corp, removing a significant factor that could have prompted the Federal Communications Commission to review Time Warner's sale to AT&T Inc. Peachtree TV broadcasts hit movies every day and a variety of comedies during the week.
buyer: Meredith Corporation (NYSE:MDP:$2,879.70)
Meredith Corp is the leading media and marketing company serving American women. Meredith combines well-known national brands - including Better Homes and Gardens, Parents, Ladies' Home Journal, Family Circle, Fitness and More - with local television brands in fast growing markets. "
 target parent: Time Warner, Inc.
target: Peachtree TV
Peachtree TV broadcasts hit movies every day and a variety of comedies during the week, including The Office, Community, The King of Queens, Modern Family, The Big Bang Theory and Seinfeld. The station also airs two animated hits: Family Guy and American Dad.
price ($mm)
$70
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
cancelled 1/27/2016 via PR Newswire

Meredith Corporation cancelled merger with Media General, Inc.,

See 255 Comparable Transactions
synopsis: Media General, Inc., one of the nation's largest local media companies, and Meredith Corporation, the leading media and marketing company serving American women, announced they have agreed to terminate immediately the binding merger agreement they entered into on September, 2015.
buyer: Media General, Inc. (MEG:$1,351.67)
Media General is one of the nation's largest multimedia companies that operates or services 71 television stations in 48 markets along with the industry's leading digital media business. They offer consumers premium quality entertainment and information, content and distribution on every screen. "
 target: Meredith Corporation (NYSE:MDP:$2,879.70)
Meredith Corp is the leading media and marketing company serving American women. Meredith combines well-known national brands - including Better Homes and Gardens, Parents, Ladies' Home Journal, Family Circle, Fitness and More - with local television brands in fast growing markets.
price ($mm)[EV]
$2,300 [$3,075]
rev ($mm)
$1,594
EBITDA ($mm)
$315
EV / rev
1.9x
EV / EBITDA
9.8x
closed 7/13/2015 via PR Newswire

Meredith Corporation, acquired Grocery Server

See 75 Comparable Transactions
synopsis: Meredith Corporation, the nation's leading media and marketing company serving more than 100 million unduplicated American women and over 60 percent of U.S. Millennial women, announced that it has acquired Grocery Server, further expanding its digital shopper marketing capabilities.
buyer: Meredith Corporation (NYSE:MDP:$2,879.70)
Meredith Corp is the leading media and marketing company serving American women. Meredith combines well-known national brands - including Better Homes and Gardens, Parents, Ladies' Home Journal, Family Circle, Fitness and More - with local television brands in fast growing markets. "
 target: Grocery Server
Grocery Server is a hyperlocal digital marketing platform connecting brands to consumers. Grocery Server combines these tools with an unparalleled database of local retail offers to place branded products on to millions of shopping lists on web, mobile, social and email apps - every week.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/11/2015 via GlobeNewswire

June Media, Inc., acquired BetterRecipes.com

See 63 Comparable Transactions
synopsis: June Media Inc. announced that it has acquired BetterRecipes.com from Meredith Corporation. Better Recipes is an online collection of homespun family recipes. These recipes are the tried-and-true favorites from kitchens, shared by cooks that have made impressions at potlucks, picnics, and parties all across the country.
buyer: June Media, Inc.
June Media is a content driven brand for women at all stages of life. The cornerstone of June Media is food related content. Their other subjects range from health and fitness, to openly discussing parenthood and the latest trends. "
 target parent: Meredith Corporation
target: BetterRecipes.com
Better Recipes is an online collection of homespun family recipes. These recipes are the tried-and-true favorites from kitchens, shared by cooks that have made impressions at potlucks, picnics, and parties all across the country.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/28/2015 via PR Newswire

Meredith Corporation, will acquire Shape Magazine

See 48 Comparable Transactions
synopsis: Meredith Corporation, the leading media and marketing company serving more than 100 million unduplicated American women, announced that it has reached an agreement to acquire Shape magazine. Shape magazine covers exercise, beauty, nutrition, health, fashion, wellness, and other lifestyle topics to help women lead a healthier, active lifestyle.
buyer: Meredith Corporation (NYSE:MDP:$2,879.70)
Meredith Corp is the leading media and marketing company serving American women. Meredith combines well-known national brands - including Better Homes and Gardens, Parents, Ladies' Home Journal, Family Circle, Fitness and More - with local television brands in fast growing markets. "
 target parent: American Media Inc.
target: Shape Magazine
Shape magazine covers exercise, beauty, nutrition, health, fashion, wellness, and other lifestyle topics to help women lead a healthier, active lifestyle. It is the category leader and has a median household income of $87,000 and median age of 39, the youngest in the category.
price ($mm)
$60
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/6/2015 via PR Newswire

Meredith Corporation, acquired Selectable Media

See 225 Comparable Transactions
synopsis: Meredith Corporation, the leading media and marketing company serving American women, announced that it has acquired Selectable Media, a leading native and engagement-based advertising company.
buyer: Meredith Corporation (NYSE:MDP:$2,879.70)
Meredith Corp is the leading media and marketing company serving American women. Meredith combines well-known national brands - including Better Homes and Gardens, Parents, Ladies' Home Journal, Family Circle, Fitness and More - with local television brands in fast growing markets. "
 target: Selectable Media
Selectable Media provides advertisers with a unique way to engage audiences through native advertising solutions and by providing ad-supported access to content that is most relevant to the lives, interests and passions of consumers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/17/2014 via PR Newswire

Meredith Corporation, acquired MyWedding LLC

See 63 Comparable Transactions
synopsis: Meredith Corporation, the leading media and marketing company serving American women, announced that it has agreed to purchase Mywedding.com, a wedding website in the U.S. that provides couples with the complete wedding planning product suite.
buyer: Meredith Corporation (NYSE:MDP:$2,879.70)
Meredith Corp is the leading media and marketing company serving American women. Meredith combines well-known national brands - including Better Homes and Gardens, Parents, Ladies' Home Journal, Family Circle, Fitness and More - with local television brands in fast growing markets. "
 target: MyWedding LLC
Mywedding.com provides the complete guide map for every couple's wedding planning adventure. Mywedding.com empowers couples to create a wedding that perfectly encompasses their style and budget.
price ($mm)
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EBITDA ($mm)
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EV / EBITDA
Pages:  
announced 6/3/2021 via GlobeNewswire

Gray Television, Inc., will purchase TV Station Division from Meredith Corporation

See 104 Comparable Transactions
synopsis: Magazine publisher and multimedia company Meredith Corp. is selling 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

See 4900 Comparable Transactions
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

See 104 Comparable Transactions
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

See 366 Comparable Transactions
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.

See 104 Comparable Transactions
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)
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announced 3/4/2019 via Company Press Release

Gray Television, Inc., will acquire WVIR-TV

See 104 Comparable Transactions
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

See 104 Comparable Transactions
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.

See 921 Comparable Transactions
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 / EBITDA
closed 1/2/2019 via BusinessWire

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

See 104 Comparable Transactions
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:$2,694.16)
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

See 104 Comparable Transactions
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.

See 921 Comparable Transactions
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

See 104 Comparable Transactions
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

See 104 Comparable Transactions
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

See 3649 Comparable Transactions
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

See 104 Comparable Transactions
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

See 921 Comparable Transactions
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:$4,740.34)
WBAY-TV is the ABC affiliate serving the Green Bay, Wisconsin market, and KWQC-TV is the NBC affiliate serving the Davenport -Moline-Rock Island, (Quad Cities) Iowa market. Nexstar Broadcasting Group is a leading diversified media company that leverages localism.
price ($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

See 104 Comparable Transactions
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

See 104 Comparable Transactions
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

See 104 Comparable Transactions
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.

See 924 Comparable Transactions
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
Pages:  
announced 6/3/2021 via GlobeNewswire

Gray Television, Inc., will purchase TV Station Division from Meredith Corporation

See 104 Comparable Transactions
synopsis: Magazine publisher and multimedia company Meredith Corp. is selling 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 6/17/2021 via BNC Analysis

Sony Music Entertainment Inc., acquired Somethin’ Else

See 2563 Comparable Transactions
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 4/14/2021 via BNC Analysis

JKN Global Media Public Company Limited, acquired New18

See 921 Comparable Transactions
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

See 4900 Comparable Transactions
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

See 4279 Comparable Transactions
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

See 921 Comparable Transactions
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:$10,780.00)
Discovery Communications satisfies curiosity and engages superfans with a portfolio of premium nonfiction, lifestyle, sports and kids programming brands. Discovery reaches more than 3 billion cumulative viewers across pay-TV and free-to-air platforms in more than 220 countries and territories. "
 seller parent: Oaktree Capital Management, LLC
seller: MediaWorks NZ Limited
The acquisition includes the free-to-air TV business of MediaWorks and includes entertainment channels Three and Bravo, streaming service ThreeNow, and multi-platform news and current affairs service Newshub, as well as other channels Three+1, Bravo+1, The Edge TV and The Breeze TV.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/12/2020 via BNC Analysis

NEP Group, Inc., acquired Outside Broadcasting Ltd

See 48 Comparable Transactions
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

See 921 Comparable Transactions
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

See 104 Comparable Transactions
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

See 421 Comparable Transactions
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:$428.66)
KMCC-TV is an Azteca América-affiliated television station serving Las Vegas, that is licensed to Laughlin and broadcasts primarily in Spanish. Entravision is a diversified global media, data and advertising technology company that reaches and engages Latino consumers in the U.S. and other markets.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/31/2019 via BNC Analysis

Urban One, Inc., acquired WQMC-LD

See 104 Comparable Transactions
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. (UONE.K:$387.79)
Urban One, Inc., formerly known as Radio One, Inc., together with its subsidiaries, is the largest diversified media company that primarily targets Black Americans and urban consumers in the United States. "
 target: WQMC-LD
WQMC-LD (GTN or Media Columbus) is a low-power independent commercial television station in Columbus, Ohio. It broadcasts locally on channel 23. They broadcast in the Columbus metro area which reaches a majority of the 2.5 million residents of the overall Columbus DMA.
price ($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

See 921 Comparable Transactions
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
announced 11/25/2019 via Company Press Release

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

See 104 Comparable Transactions
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

See 104 Comparable Transactions
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 ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/5/2019 via BusinessWire

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

See 104 Comparable Transactions
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:$4,740.34)
Nexstar Media Group is one of the largest local TV station operators in the country. They have 174 full power television stations in 100 markets addressing nearly 38.7% of US television households, and a diversified, growing digital media operation. "
 seller parent: The Walt Disney Company
seller: Fox Television Stations
The acquisition includes the Charlotte FOX Affiliate WJZY and MyNetworkTV Affiliate WMYT from Fox Television Stations, LLC, a subsidiary of Fox Corporation. Both stations are located in Charlotte, North Carolina.
price ($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

See 104 Comparable Transactions
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:$4,740.34)
The acquisition includes the Seattle FOX Affiliate KCPQ and MyNetworkTV Affiliate KZJO and the Milwaukee FOX Affiliate WITI from Nexstar Media Group, one of the largest local TV station operators in the country.
price ($mm)
$350
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/28/2019 via Company Press Release

PPF Group N.V., will acquire Central European Media Enterprises

See 917 Comparable Transactions
synopsis: Central European Media Enterprises Ltd. (CME) announced that it has entered into a definitive agreement to be acquired by an affiliate of the Netherlands-based investment fund PPF Group N.V. CME is a media and entertainment company operating leading businesses and broadcasting 30 television channels in five Central and Eastern European markets,
buyer: PPF Group N.V.
Netherlands-based PPF Group was founded as an investment fund. PPF Group invests in multiple market segments such as financial services, telecommunications, biotechnology, real estate and mechanical engineering. The reach of PPF Group spans from Europe to North America and across Asia. "
 target: Central European Media Enterprises (CETV:$697.26)
Central European Media Enterprises (CME) is a media and entertainment company operating leading businesses in five Central and Eastern European markets. CME currently broadcasts 30 television channels in Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic, and Slovenia.
price ($mm)[EV]
$1,175 [$1,738]
rev ($mm)
$697
EBITDA ($mm)
$244
EV / rev
3.0x
EV / EBITDA
8.6x
announced 10/23/2019 via PR Newswire

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

See 104 Comparable Transactions
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
closed 11/19/2019 via BusinessWire

New Media Investment Group, acquired Gannett Co., Inc.

See 4026 Comparable Transactions
synopsis: New Media Investment Group Inc., one of the largest publishers of locally based print and online media in the United States, has acquired Gannett, the largest U.S. newspaper publisher. Gannett's mission is to make communities stronger by informing and engaging them with trusted content.
buyer: New Media Investment Group (NEWM:$1,588.44)
New Media supports small to mid-size communities by providing locally-focused print and digital content to its consumers and premier marketing and technology solutions to its small and medium business partners. They are one of the largest publishers of locally based print and online media in the US."
 target: Gannett Co., Inc. (GCI:$3,234.07)
Gannett is a leading media and marketing company with unparalleled local-to-national reach, successfully connecting consumers, communities and businesses. They provide rich content through hundreds of outstanding affiliated digital, mobile and print products.
price ($mm)
$1,400
rev ($mm)
$2,787
EBITDA ($mm)
$281
EV / rev
0.5x
EV / EBITDA
5.0x
closed 6/27/2019 via Company Press Release

The Lebashe Investment Group, purchased Media Assets from Tiso Blackstar Group

See 1880 Comparable Transactions
synopsis: The Lebashe Investment Group, a South African investment holding company with an experienced, multi-faceted management team, announced the acquisition of the Media, Broadcasting and Content businesses of Tiso Blackstar Holdings, a company that operates market-leading media, broadcast and retail marketing properties in South Africa.
buyer: The Lebashe Investment Group
Headquartered in South Africa, Lebashe is an unlisted investment holding company with an experienced, multi-faceted management team. Since inception, Lebashe has grown significantly with aspirations to become a leading African investment company. "
 seller: Tiso Blackstar Group (JSE:TBG:$274.76)
Tiso Blackstar Group operates market-leading media, broadcast and retail marketing properties. They have strong exposure to the rapidly growing digital, broadcast and mobile markets, with a leading position in South Africa and a broad footprint across Kenya, Ghana and Nigeria.
price ($mm)
$73
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
Pages:  

Like TV Station Division


read more

Meredith Corporation

KATH-TV and KSCT-TV

WQMC-LD

Waypoint Media, LLC

WCVI

Fox Television Stations

Nexstar Media Group

Heartland Media LLC

Citadel Communications Ltd.

KQTV

Nexstar Media Group

Nexstar Media Group

Gray Television, Inc.

WVIR-TV

United Communications Corporation

Cordillera Communications

KVOA-TV

WSIL-TV

Gray Television, Inc.

WSWG-TV

Pages:  
read more

Meredith Corporation

FanSided

SwearBy

Stop, Breathe & Think

Money.com

The Drive

Fortune

Time Magazine

KPLR 11

Meredith Xcelerated Marketing

Time Inc. UK

GOLF

Time Inc.

Peachtree TV

Meredith Corporation

Grocery Server

BetterRecipes.com

Shape Magazine

Selectable Media

MyWedding LLC

Pages:  
read more

Meredith Corporation

Quincy Media

KATH-TV and KSCT-TV

PureCars

Gray Television, Inc.

WVIR-TV

United Communications Corporation

Gray Television, Inc.

Gray Television, Inc.

WSWG-TV

Raycom Media, Inc.

KDLT News

WCAX-TV

Diversified Communications

Tanana Valley Television

Nexstar Broadcasting

Withers Broadcasting Companies

KAKE-TV

WLUC-TV

Schurz Communications, Inc.

Pages:  
read more

Meredith Corporation

Somethin’ Else

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

Waypoint Media, LLC

WCVI

Fox Television Stations

Nexstar Media Group

Central European Media Enterprises

Heartland Media LLC

Gannett Co., Inc.

Tiso Blackstar Group

Pages:  
Geography
Matching Companies
Ticker: NYSE:TSQ
 
 
 
 
 
 
 
 
Townsquare Media Group
Townsquare Media Group
Townsquare is a diversified media, entertainment and digital marketing services company that owns and operates radio, digital and live event properties. The Company specializes in creating and distributing original entertainment, music and lifestyle content.
year
2017
rev ($mm)
$507.43
EBITDA ($mm)
$96.45
EBIT ($mm)
$70.76
Net Income ($mm)
Employees
2900
  • drill down
  • watch
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
2015
rev ($mm)
$5,960.07
EBITDA ($mm)
$364.28
EBIT ($mm)
$196.01
Net Income ($mm)
$127.64
Employees
7820
  • drill down
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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
11800
  • drill down
  • watch
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)
($938.00)
EBIT ($mm)
($1,098.00)
Net Income ($mm)
$5,304.00
Employees
28445
  • drill down
  • watch
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
2021
rev ($mm)
$4,740.34
EBITDA ($mm)
$1,950.67
EBIT ($mm)
$1,507.67
Net Income ($mm)
$955.94
Employees
11749
  • drill down
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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
2020
rev ($mm)
$4,577.28
EBITDA ($mm)
$913.35
EBIT ($mm)
$632.32
Net Income ($mm)
$211.94
Employees
6477
  • drill down
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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)
$3,234.07
EBITDA ($mm)
$451.06
EBIT ($mm)
$241.26
Net Income ($mm)
Employees
20800
  • drill down
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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
  • drill down
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Ticker: NYSE:MDP
 
 
 
 
 
 
 
 
Meredith Corporation
Meredith Corporation
Meredith Corporation has been committed to service journalism for 115 years. Meredith uses multiple distribution platforms – including broadcast television, print, digital, mobile and video – to provide consumers with content they desire and to deliver the messages of its advertising partners.
year
2021
rev ($mm)
$2,879.70
EBITDA ($mm)
$644.50
EBIT ($mm)
$460.80
Net Income ($mm)
$276.10
Employees
5330
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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: 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
2020
rev ($mm)
$2,694.16
EBITDA ($mm)
$827.70
EBIT ($mm)
$694.16
Net Income ($mm)
$322.43
Employees
6883
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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
2017
rev ($mm)
$1,089.90
EBITDA ($mm)
$222.76
EBIT ($mm)
$207.24
Net Income ($mm)
$145.84
Employees
1960
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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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