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New Deal


Announced

Completed

KERA completed the acquisition of The Denton Record-Chronicle.

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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Majority

Single Bidder

regional newspapers

Publishing

Acquisition

Private

Completed

Friendly

Domestic

United States

Synopsis

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KERA, a community-supported media organization that delivers content to North Texans, completed the acquisition of The Denton Record-Chronicle, a community newspaper and the main source of local news online for residents of the City of Denton, Texas and Denton County. Financial terms were not disclosed. "We are so excited to preserve and grow The Denton Record-Chronicle. Our two organizations share a common goal and purpose in this partnership — to keep local news in local hands in Denton County. It really is an honor to take this step together,” Nico Leone, KERA President & CEO.

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