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New Deal


Announced

Completed

Entertainment Studios completed its acquisition of 11 TV stations from USA Television for $290m.

Financials

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Transaction Value£235m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Completed

Single Bidder

United States

Majority

Friendly

Radio and TV Broadcasters

television stations

Private

Synopsis

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Entertainment Studios, one of the largest independent producers and distributors of film and television, completed its acquisition of 11 TV stations from USA Television for $290m. "I have known Byron Allen for decades and we are delighted that these stations will now be part of his dynamic company, and that Heartland management will continue to guide them. These stations are dedicated to their local communities and this transaction will enable them to become even stronger on both their broadcast and digital platforms," Robert S. Prather, Jr, USA Television CEO.

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