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Saturday, April 9, 2016

Supplement to The Target Report - Newspaper Industry Transactions

January 2012 to March 2016 - Mergers and Acquisitions in the Newspaper Industry

Deal Party #1
(Surviving Entity)
Pre-Deal
Revenues
($Mil )


Party #1 Address


Deal Party #2
Pre-Deal
Revenues
($Mil )


Party #2 Address
Date
Deal
Public
Deal
Value
($Mil)

Deal Structure
(Intermediary)


Notes

Press
Releases
Digital First Media
(Port co. Alden Global Capital)
No Data Denver, CO Freedom Communications No Data Santa Ana, CA 3/20/16 $52.3 363 Sale in Ch. 11 Newspaper publishing Link
BH Media Group No Data Omaha, NE
Print Innovators
(Port co. Sandton Capital Partners)
No Data Fredericksburg, VA 12/31/15 No Data Acquisition
(Dirks, Van Essen)
Newspaper printing Link
BH Media Group No Data Omaha, NE
The Free Lance-Star
(Port co. Sandton Capital Partners)
No Data Fredericksburg, VA 12/31/15 No Data Acquisition
(Dirks, Van Essen)
Regional newspapers Link
New Media Investment Group No Data New York, NY Times Publishing Co.
(Erie Times-News)
No Data Erie, PA 12/15/15 No Data Acquisition Regional newspapers Link
News+Media Capital Group
(Adelson Family)
No Data DE
Las Vegas Review-Journal
(Sub. New Media Investment Group)
No Data Las Vegas, NV 12/11/15 $140.0 Acquisition Metro & regional newspapers Link
Bangor Publishing No Data Bangor, ME St. John Valley Times No Data Madawaska, ME  11/13/15 No Data Acquisition Local newspaper Link
AIM Media Management No Data McAllen, TX Home Enterprises No Data Columbus, IN 11/4/15 No Data Acquisition Regional newspapers Link
Boston Globe No Data Boston, MA Gannett Boston Offset No Data Norwood, MA 10/9/15 No Data Acquisition Newspaper printing Link
Gannett $2,960 McLean, VA Journal Media Group $450.0 Milwaukee, WI 10/7/15 $280.0 Acquisition Metro & regional newspapers Link
New Media Investment Group $902.0 New York, NY The Monroe News No Data Monroe, MI 9/24/15 $5.2 Acquisition Regional newspaper Link
Nikkei $1,372 Osaka, Japan Financial Times
(sub. Pearson)
$519.0 London, UK 7/23/15 $1,320.0 Acquisition Global newspaper Link
Adams Publishing Group No Data Minneapolis, MN Southern Maryland Newspapers
(Div.  Post Community Media)
No Data Waldorf, MD 6/12/15 No Data Acquisition Community newspapers Link
New Media Investment Group $760.9 New York, NY The Columbus Dispatch No Data Columbus, OH 6/3/15 $47.0 Acquisition Regional & newspapers Link
Gannett $6,080 McLean, VA York Daily Record
(sub. Digital First Media)
No Data New York, NY 6/1/15 No Data Acquisition Metro & regional newspapers Link
Gannett $6,080 McLean, VA Texas-New Mexico Newspapers
(sub. Digital First Media)
No Data New York, NY 6/1/15 No Data Acquisition Metro & regional newspapers Link
Tribune Publishing $1,690.0 Chicago, IL MLIM
(San Diego Union-Tribune)
No Data San Diego, CA 5/8/15 $185.0 Acquisition Metro & regional newspapers Link
Metro Newspapers No Data San Jose, CA The Pacific Sun No Data San Rafael, CA 5/7/15 No Data Acquisition Community newspaper Link
MTM Media No Data Bath, ME MaineToday Media No Data Portland, ME 4/28/15 No Data Acquisition Daily & weekly newspapers Link
Adams Publishing Group No Data Minneapolis, MN The Dundalk Eagle
(Div. Kimbel Publication)
No Data Dundalk, MD 1/6/15 No Data Acquisition Community Newspaper Link
New Media Investment Group No Data New York, NY Foster's Daily Democrat No Data Dover, NH 12/1/14 $5.0 Acquisition Daily & weekly newspapers Link
New Media Investment Group $625.9 New York, NY Halifax Media Group No Data Daytona Beach, FL 11/20/14 $280.0 Acquisition Daily & weekly newspapers Link
Tribune Publishing $1,750 Chicago, IL Sun-Times Media
(Sub. Wrapports)
No Data Chicago, IL 10/31/14 No Data Acquisition Daily & weekly newspapers Link
Postmedia $375.5 (CAD) Toronto, Canada Sun Media
(Sub. Quebecor Media)
$508.0 (CAD) Toronto, Canada 10/6/14 $316.0 Acquisition 175 newspapers w/ websites Link
Adams Publishing Group No Data Minneapolis, MN Athens News No Data Athens, OH 9/25/14 No Data Acquisition Community newspapers Link
Gannett $5,480 McLean, VA Publishing businesses No Data McLean, VA 8/5/14 No Data Spin-off National & local newspapers Link
Tribune Company $3,210 Chicago, IL Tribune Publishing No Data Chicago, IL 8/4/14 $528.0 Spin-off Metro newspapers Link
Adams Publishing Group No Data Minneapolis, MN Chronotype Publishing Co No Data Rice Lake, WI 8/1/14 No Data Acquisition Community newspapers Link
E.W. Scripps $1,223 Cincinnati, OH Journal Media Communications N/A Milwaukee, WI  7/30/14 No Data Spin-off Newspaper publishing Link
Gatehouse Media
(Sub. New Media Investment Group)
$586.8 New York, NY Providence Journal
(Sub. A.H. Belo)
No Data Providence, RI 7/22/14 $46.0 Acquisition Community newspapers Link
NYC Community Media  No Data New York, NY Community Newspaper Group  No Data Brooklyn, NY 7/3/14 No Data Acquisition Community newspapers Link
Adams Publishing Group No Data Minneapolis, MN Huckle Media  No Data Faribault, MN 7/1/14 No Data Asset acquisition Community newspapers Link
Sandton Capital Partners No Data New York, NY Free Lance-Star Publishing
Print Innovators
No Data Fredericksburg, VA 6/19/14 $30.2 363 Sale in Ch. 11 Community newspaper
Commercial printer
Link
Pierre Little and
London Publishing
No Data Toronto, ON Machias Valley News Observer No Data Machias, ME 6/5/14 No Data Acquisition Community newspaper Link
Halifax Media Group No Data Daytona Beach, FL Telegram & Gazette No Data Worcester, MA 5/21/14 No Data Acquisition Regional newspaper Link
Baltimore Sun Media Group
(Div. Tribune Co.)
No Data Baltimore, MD
The Annapolis Capital &Others
(Div Landmark Media Enterprises)
No Data Norfolk, VA 5/1/14 No Data Acquisitions Regional & local newspapers Link
Glen Taylor No Data North Mankato, MN Star Tribune No Data Minneapolis, MN 4/1/14 $100.0 Acquisition Newspaper publisher Link
Adams Publishing Group No Data Minneapolis, MN Ohio Publishing
(Div ACM)
No Data Columbus, OH 3/14/14 No Data Acquisition
(Dirks, Van Essen)
Community Newspapers Link
Adams Publishing Group No Data Minneapolis, MN Chesapeake Publishing
(Div ACM)
No Data Easton, MD 3/14/14 No Data Acquisition
(Dirks, Van Essen)
Community Newspapers Link
Adams Publishing Group No Data Minneapolis, MN Superior Publishing
(Div ACM)
No Data Duluth, MN 3/14/14 No Data Acquisition
(Dirks, Van Essen)
Community Newspapers Link
Baltimore Sun Media Group
(Div. Tribune Co.)
No Data Baltimore, MD City Paper
(Div Times-Shamrock Comm.)
No Data Baltimore, MD 2/20/14 No Data Acquisition Tabloid newspaper Link
Upper Valley Press ESOP No Data North Haverhill, NH Upper Valley Press No Data North Haverhill, NH 2/19/14 No Data ESOP Newspapers & inserts Link
William G. Veit No Data Syracuse, NY Scotsman Media Group No Data Syracuse, NY 1/23/14 No Data Mngt. Buyout Community newspapers Link
Independent Investor Group No Data San Diego, CA
Mainstreet Communications
(Portfolio co. of Brookside Group)
No Data San Diego, CA 1/8/14 No Data Acquisition Community newspapers Link
Transcontinental $2,080 Montreal, QC Sun Media
(Div Quebecor)
$4,290.0 Montreal, QC 12/5/13 $75.0 Acquisition 74 Community newspapers Link
San Diego Union Tribune No Data San Diego, CA Mainstreet Communications
(8 Titles)
No Data 11/1/13 No Data Acquisition Community newspapers Link
Deseret News No Data Salt Lake City, UT Salt Lake City Tribune
(Interest in Printing Plant)
No Data West Valley City, UT 10/21/13 No Data Asset acquisition Newspaper printing plant Link
Freedom Communications Holdings No Data Santa Ana, CA The Press Enterprise No Data Riverside, CA 10/10/13 $27.3 Asset purchase Newspaper publishing Link
Fortress Investment Group
(Affiliate)
No Data New York, NY Dow Jones Media Group No Data Middletown, NY  9/3/13 No Data
Acquisition
(Waller Capital Group)
Local newspapers & printing Link
Jeff Bezos $66,850 Seattle, WA Washington Post
Newspaper Division
$581.7 Washington, DC 8/5/13 $250.0 Acquisition Newspaper Link
John W. Henry No Data Boston, MA Boston Globe
(Div. New York Times)
$1,980.0 New York, NY 8/3/13 $70.0 Acquisition Newspapers Link
Port Jackson Media
(AKA Benchemark Printing)
No Data Schenectady, NY Amsterdam Recorder No Data Amsterdam, NY 6/10/13 No Data Acquisition Daily & weekly newspapers Link
Tampa Media Group No Data Tampa, FL Clearwater Gazette No Data Clearwater, FL 4/9/13 No Data Acquisition Regional newspaper Link
Revolution Capital Group No Data Los Angeles, CA Tampa Tribune No Data Tampa. FL 10/9/12 $9.5 Acquisition Newspaper publisher Link
BD White Birch Investment LLC No Data Greenwich, CT White Birch Paper Company No Data Quebec City, QC 9/18/12 No Data Acquisition Newsprint paper mfg. Link
Berkshire Hathaway $143,688 Omaha, NE Evening Post Publishing No Data Charleston, SC 6/12/12 No Data Acquisition - Partial Community newspaper (1) in TX Link
Berkshire Hathaway $143,688 Omaha, NE Media General No Data Richmond, VA 5/17/12 $142.0 Acquisition
(Peter J. Solomon)
63 Daily & weekly newspapers Link
Versa Capital Management No Data Philadelphia, PA Freedom Communications No Data Irvine, CA 5/17/12 No Data Acquisition - Partial 4 newspapers Link


January 2012 to March 2016 - Bankruptcy Filings in the Newspaper Industry



Filing Party

Date
Case
Filed
Pre-Petition
Revenues
($Mil )



Case #



Filing Party Address



Circuit



Region & City



Judge



Attorney for Debtor



Notes
Chapter 11 Filings:
Community Papers of Western NY, LLC 12/15/15 No Data 15-12657 Angola, NY 2nd Western NY
Buffalo
Carl L. Bucki Daniel F. Brown Weekly community newspapers
Freedom Communications Inc. 11/1/15 No Data 15-15311 Santa Ana, CA 9th Central CA
Santa Ana
Mark Wallace William N. Lobel Regional newspapers
The Dolan Company
(Jointly Administered w/ 14 subs.)
3/23/14 6/2/00 14-10614 Minneapolis, MN 3rd Delaware
Wilmington
Brendan
Linehan Shannon
Timothy P. Cairns  Newspapers in 19 markets
The Free Lance-Star Publishing Co. of Fredericksburg, Va. 1/23/14 No Data 14-30315 Fredericksburg, VA 4th Eastern VA
Richmond
Kevin R. Huennekens Paula S. Beran Regional newspaper & radio stations
News Publishing Company  1/1/13 No Data 13-40002 Rome, GA 11th Northern GA
Atlanta
Mary Grace Diehl J. Nevin Smith  Newspaper Publishing
Ten titles in GA & AL
Journal Register 9/5/12 No Data 12-13774 Yardley, PA 2nd Southern NY
New York
Stuart M. Bernstein Neil E. Herman Newspapers & web-based news
Catalyst Paper Corp 1/18/12 5/12/03 12-10221 Richmond, BC (CN) 3rd Delaware
Wilmington
Peter J. Walsh Van C. Durrer, II  Newsprint manufacturer (Ch. 15)
Chapter 7 Filings:
Newspaper Data Exchange, LLC 3/23/15 No Data 15-42035 Chesterfield, MO 8th Eastern MO
St. Louis
Charles E. Rendlen III John Talbot Sant, Jr. Newspaper distribution database
AFL Quality, Inc. 2/15/13 No Data 13-12921 Voorhees, NJ 3rd New Jersey
Newark, NJ
Novalyn L. Winfield Pro Se Newsprint and publication printer


December 2012 to March 2016 - Non-Bankruptcy Closures in the Newspaper Industry



Closed Company / Facility

Date of Closure
Pre-Closure
Revenues
($Mil )



Closing Address
Related Party Related Party
Address
Date Closure Public


Notes

Press
Releases
Toronto Star - Printing facility Jun-16 No Data Vaughan, ON Torstar Corporation Toronto, ON 1/15/16 Printing outsourced to Transcontinental Link
SP Fibers - paper mill Nov-15 No Data Newberg, OR WestRock Norcross, GA 10/19/15 Newsprint paper mill Link
Gannett Publishing - Printing facility Feb-16 No Data Springfield, VA Gannett McLean, VA 10/6/15 Newspaper printing Link
Gannett Boston Offset Dec-15 No Data Norwood, MA Gannett McLean, VA 10/5/15 Newspaper printing / Sale of Co. Link
The Oregonian
(sub. Advance Publications)
Aug-15 No Data Portland, OR Advance Publications New York, NY 7/1/15 Printing outsourced to Signature Graphics Link
Gannett - Printing plant Jul-15 No Data Maple Grove, MN Gannett Co. McLean, VA 6/2/15 USA Today outsourced to Star Tribune
St. Cloud Times outsourced to ECM Printing
Link
San Diego Union-Tribune - Printing plant May-15 No Data Mission Valley, CA Tribune Publishing Chicago, IL 5/27/15 Consolidating print operations Link
Bennington Printing Jan-15 No Data Bennington, VT Hersam Acorn Ridgefield, CT 12/5/14 Consolidating publishing & printing operations Link
Morris Communications - Printing plant 2nd Qtr '15 No Data Amarillo, TX Morris Communications Lubbock, TX 9/5/14 Consolidating print operations Link
Scotsman Media Group Jul-14 No Data Chenango Bridge, NY None N/A 7/1/14 Community newspapers & shoppers Link
Scotsman Media Group Jul-14 No Data Syracuse, NY None N/A 7/1/14 Community newspapers & shoppers Link
Mass Web Printing Jul-14 No Data Auburn, MA Phoenix Media Communications Boston, MA 6/24/14 Newspaper & circular printing Link
Herald Publishing Association TBD No Data Hagerstown, MD Seventh-Day Adventist Silver Spring, MD  6/24/14 Transferring print to Pacific Press Publishing Link
Blade of Toledo Aug-14 No Data Pittsburgh, PA Block Communications Toledo, OH 6/3/14 Outsourcing print operations Link
Pittsburgh Post-Gazette Aug-14 No Data Pittsburgh, PA Block Communications Toledo, OH 6/3/14 Transferring print operations to new plant Link
Gazette of Montreal Aug-14 No Data Notre-Dame-de-GrĂ¢ce, QC Postmedia Toronto, ON 5/5/14 Outsourcing print operations to
TC Transcontinental
Link
Lansing State Journal - Printing facility Jul-14 No Data Delta, MI Advance Central Services  Michigan Walker, MI
Bay City, MI
4/29/14 Outsourcing newspaper print operations Link
The Independent
(formerly The Marshall Messenger)
Apr-14 No Data Marshall, MN House of Print Madelia, MN 3/27/14 Transferring print operations to Madelia, MN Link
The Advocate - Printing facility May-14 No Data Newark, ,OH Gannett Publishing Services
(Sub Gannett Co.)
McLean, VA  2/28/14 Transferring print operations to Columbus, OH Link
Greenville News - Printing facility Apr-14 No Data Greenville, NC Gannett  McLean, VA 1/31/14 Outsourcing newspaper print operations Link
Star-Telegram
Printing Facility
1st Qtr '14 No Data Edgecliff Village, TX The Dallas Morning News
(Gained printing contract)
Plano, TX 11/7/13 Newspaper outsourcing print operations Link
Advocate Communications TBD No Data Danville, KT Schurz Communications
(Parent company)
Mishawaka, IN 9/5/13 Consolidating print ops in Winchester, KT plant Link
Bangor Publishing Co. Sep-13 No Data Hampden, ME Sun Media Group
(Gained printing contract)
Lewiston, ME 6/28/13 Newspaper outsourcing print operations Link
The Rayne Independent May-13 No Data Rayne, LA None N/A 5/30/13 Local newspaper Link
Herald Apr-13 No Data Everett, WA Sound Publishing
(Gained printing contract)
Poulsbo, WA  4/27/13 Newspaper outsourcing print operations Link
New Hampshire Union Leader
Printing Facility
Jun-13 No Data Manchester, NH Seacoast Media Group
(Gained printing contract)
Dover, NH 4/25/13 Newspaper outsourcing print operations Link
American Consolidated Media Apr-13 No Data Hibbing, MN Forum Communications Duluth, MN 2/15/13 Transferring newsprint operations Link
Colorado Springs Gazette Apr-13 No Data Colorado Springs, CO The Denver Post Denver, CO 2/15/13 Transferring newsprint operations Link
AFL Web - Voorhees plant Dec-12 No Data Voorhees, NJ Owned by Westbury Partners Hauppauge, NY 12/6/12 Newsprint and publication printer Link