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New Deal


Announced

New York Times to acquire Serial Productions.

Financials

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

Tags

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United States

Radio and TV Broadcasters

Majority

Friendly

podcast publisher

Domestic

Single Bidder

Private

Pending

Acquisition

Synopsis

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The New York Times has agreed to acquire Serial Productions, the company behind the hit podcast “Serial,”, in the paper’s latest move to broaden its digital journalism. Financial terms were not disclosed. The arrangement will allow Serial Productions to increase the number of shows it makes, said Julie Snyder, the executive editor of Serial Productions, and will allow those shows to then be promoted on The Times’s website, in its newsletters and through its other channels. "The idea is to drive New York Times readers and listeners toward Serial projects. There’s going to be ways that we can help Serial tell more stories, bigger stories and, down the road, figure out how our newsroom and theirs can coordinate even more deeply," Sam Dolnick, The New York Times Assistant Managing Editor.

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