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New Deal


Announced

Cox Media to acquire the Austin, Texas, Dallas and Houston stations of TEGNA.

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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Friendly

Single Bidder

United States

Domestic

media solutions

Acquisition

Majority

Radio and TV Broadcasters

Private

Pending

Synopsis

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Cox Media, a media conglomerate, agreed to acquire the Austin, Texas, Dallas and Houston stations of TEGNA, a broadcast, digital media and marketing services company. Financial terms were not disclosed. "We will be pleased to welcome the strong talent at CNM and at TEGNA's stations in Austin, Dallas and Houston into the CMG family. The opportunity to grow in these CNM and Texas markets further complements CMG's existing core strengths," Dan York, CMG President and CEO.

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