Altice USA CEO Responds To Charter Takeover Speculation

Dennis Mathew’s investor conference appearance coincides with M&A chatter that Charter Communications is eyeing an acquisition of the cable TV rival.

Why Shari Redstone Is Trying To Sell Paramount — And Why She Needs The Right Deal

Paramount Global controlling shareholder Shari Redstone has increased the seriousness of sale talks in recent months. Sector-related reasons, as well as personal and financial motivations, have added complexity to the deal-making process. Paramount Global’s carriage deal with Charter, set to expire in April, looms over potential sale discussions.

Warner Bros. Discovery, Paramount Global In Merger Talks

Warner Bros. Discovery and Paramount Global have held talks about a potential merger of the two media companies. Warner Bros. Discovery CEO David Zaslav met with Paramount Global CEO Bob Bakish in a lunch meeting Tuesday in New York where they discussed a possible merger, sources said. Zaslav also has talked with Shari Redstone, whose National Amusements Inc. owns a controlling stake in Paramount Global, about a potential combination of the companies.

Paramount Deal Chatter Puts Hollywood M&A Back In Wall Street Spotlight

The Shari Redstone speculation and resulting renewed interest in deal talk could well have a domino effect and contribute to getting the media merger merry-go-round moving again in the new year.

Media Companies Are Ready To Sell. Does Anyone Want To Buy?

Experts agree the media business needs to consolidate.  But high interest rates, a hostile government and a shaky advertising market make it almost impossible to do a good deal. Pictured: Federal Trade Commission Chair Lina Khan has been an active opponent of consolidation.

Paramount Global Near Deal To Sell Simon & Schuster To KKR

Paramount Global is close to announcing a sale of its publisher Simon & Schuster to private investment giant KKR, according to a person familiar with the situation. Timing is always fluid but a deal could be announced as early as today. Paramount will report second-quarter earnings this afternoon. It’s the second deal for the storied publisher. A previous agreement to sell the book publisher to Bertelsmann’s Penguin Random House was blocked by U.S. regulators last year for being anticompetitive — a ruling that was upheld by a federal judge. A transaction with KKR wouldn’t face the same hurdles. HarperCollins, which is owned by Rupert Murdoch’s News Corp., was also a suitor.


Another Big TV-Media Merger — Even Bigger Than Warner Bros. Discovery? Why Not?

Wayne Friedman: “Could there be another even bigger media merger than the recently completed WarnerMedia and Discovery? How about this wrinkle: Another media company now eyeing the new Warner Bros. Discovery? Some analysts are mulling whether Comcast Corp. might just consider buying that company.”

CW Chief Addresses Staff As ViacomCBS & WarnerMedia Explore Sale To Nexstar

The CW Network’s Chairman and CEO Mark Pedowitz assured the staff at the younger-skewing network Thursday that it’s “too early to speculate what might happen” as joint-parent companies ViacomCBS and WarnerMedia explore a sale of the broadcast network to Nexstar Media Group.

Media M&A Should Be Fun In 2022 After Banner Year Driven By Content Boom

A surge in demand for content, big companies shedding non-core assets and consolidation in digital media led to a massive rebound in entertainment M&A in 2021, ushered in by two landmark combinations in April and ending with a drumbeat of deals in December. Momentum is seen continuing into 2022 with a major asset, Starz, officially on the block (and by extension probably all of parent Lionsgate). And big TV station broadcaster Tegna is formally fielding offers.


Netflix Is A Wall Street Banker’s Dream

Netflix has refrained from takeover opportunities, but it’s sparking plenty of industry
mergers just by existing. Netflix Inc.’s grip on streaming-TV audiences is driving other media companies to pursue expensive mergers and takeovers that whiff of desperation. The irony? Netflix
may still beat them all without having spent a single penny to acquire any competitors.

Media Merger Activity Picks Up As Pandemic Fades

Merger and acquisition activity in the media and telecom sector continued to pick up steam as the pandemic waned in the first half of 2021, according to a new report from PwC. There were 410 deals announced in the six months preceding May 15, worth $83 billion, according to PwC, up from 61 deals in the second half of 2020 and just 32 in the first half of 2020. PwC said the value of the deals is the highest it has seen in years.

Byron Allen Makes $8.5B Cash Bid For Tegna

Media entrepreneur Byron Allen has made an all-cash bid for Tegna and is said to be one of three potential buyers circling the Tysons, Va.-based broadcaster, according to a source familiar with the situation. Allen’s Allen Media Group offered $20 a share, or about $8.5 billion, the source said. It is going up against Gray Television, which last week made a offer, also for $20 a share but in a combination of cash and stock. Private equity firm Apollo Global Management, which recently acquired stations from Cox, is also said to have made a bid.

Report: Gray In $8.5B Bid To Acquire Tegna

Gray Television has made an offer to acquire larger peer Tegna Inc for approximately $8.5 billion, including debt, people familiar with the matter said on Friday. A successful bid by Gray would significantly expand its footprint in several TV markets. It underscores the pressure Gray and other companies in the TV station industry are under to gain scale and more pricing power with advertisers and the major networks.

Univision Said To Be Nearing A Sale

Univision Communications is in exclusive talks with a bidding group that includes former Viacom CFO Wade Davis for a sale that could value the Spanish-language broadcaster at close to $10 billion including debt, according to people familiar with the matter.

PwC: Media M&A Dropped 27% In 2019

Merger and acquisition activity in the media and telecommunications business slowed in the fourth quarter, leaving dealmaking down for all of 2019, according to a new report from consultant PwC.

ViacomCBS Unlikely to Pursue Starz — For Now

CBS may have previously expressed interest in acquiring Lionsgate-owned Starz, but now that the Eye has merged with Viacom, it’s unlikely that the newly formed ViacomCBS would look to actively pursue the premium cabler in the near term.

Gannett May Be Angling To Buy Tribune Publishing

As Gannett, GateHouse Merge, Cost-Cutting Rules

GateHouse and Gannett say their $1.4 billion merger will allow GateHouse to accelerate its newspapers’ move to digital while paying down huge sums GateHouse borrowed in order to fund the acquisition. But it’s unclear exactly how it will make that happen.

Tegna Confirms Apollo M&A Contacts

According to a statement released by the station group, Apollo has proposed first acquiring Tegna and later merging it with Cox Media Group. Apollo struck a deal to acquire Cox in February, but that deal has not yet closed.

Ross Video Completes Pierro Graphics Purchase

CBS Wants To Grow, Ponders Mergers, Buyouts

The CBS board has decided the company needs to get bigger, but merging with Viacom is not enough for Shari Redstone, who has voting control of both companies. If the CBS-Viacom deal gets done, Redstone’s National Amusements would like to move quickly with a second deal, the people said. Discovery Communications is interested in selling to CBS or a combined CBS-Viacom, according to two sources. Redstone is open to the idea, but would also consider buying other companies, including Sony Pictures and MGM.

Kagan: TV M&A Deals Top $4B In 4Q 2018

In the largest deal of the quarter and yearNexstar Media Group announced on Dec. 3 that it would acquire all of Tribune Media’s assets for $46.50 per share. Kagan estimates the broadcast assets to be worth $3.51 billion.


New House Could Be Threat To Mega-Mergers

With the Democrats taking control of the House when the new session starts Jan. 3, lawmakers and media players are re-adjusting their strategies and preparing for a slew of new hearings and investigations. Democrats have already started to circle their wagons around Nexstar’s proposed purchase of Tribune Media.

ACA: Without Conditions, Nexstar-Tribune Should Be Nixed

As expected, the American Cable Association has called on the government to cast a critical eye on the proposed $6.4 billion merger of Nextar with Tribune and says that without tough conditions and or divestitures, the deal should be blocked.


Nexstar-Tribune Poses Test For Trump Regulators

Nexstar Media Group’s deal to buy Tribune Media Company for $4.1 billion is the latest merger to test Trump administration regulators tasked with overseeing a rapidly consolidating media industry. Nexstar doesn’t have the same political baggage as Sinclair, but critics are just as concerned about its proposal to consolidate so many local news outlets across the country under one umbrella.


Nexstar To Spin Off $1B In Stations

The spinoffs necessary for regulatory approval will include stations in at least 13 of 15 markets: Portland, Ore., Salt Lake City; Des Moines, Iowa; Ft. Smith, Ark; Davenport, Iowa; Memphis, Grand Rapids, Mich; Indianapolis, Huntsville, Ala; Hartford, Conn.; Wilkes-Barre/Scranton, Pa.; Harrisburg, Pa.; Hagerstown, Md.; Richmond, Va; and Norfold, Va. Nexstar CEO Perry Sook says he expects those spinoffs will sell for around $1 billion.

Nexstar Buying Tribune In $4.1 Billion Deal

Nexstar Media Group has reached an agreement to acquire Tribune Media for about $4.1 billion, a deal which would make it the largest local U.S. TV station operator, people familiar with the matter said on Sunday.

Sinclair Hits Another Merger Dead End

Sinclair, which suffered a blow in July when federal regulators stopped its proposed $6.6 billion acquisition of Tribune Media, has been quietly speaking to buyout firms, including Apollo Global Management, about teaming on a new bid for the Chicago-based rival. But so far, it continues to be shut out of the high-stakes media consolidation game and hasn’t been successful in shaping a buyout-backed offer, two sources say.

The Local TV Consolidation Race Is Here

Changes in decades-old broadcasting rules, combined with new types of competition in news and entertainment, are creating a drama-filled free-for-all as local U.S. broadcasters consolidate. Consolidation will inevitably mean that fewer voices reach more people, but some in the industry argue it’s the only way local broadcasting will be able to compete with big tech.

Feds: No More ‘Anything Goes’ M&A Deals

Did an AT&T price hike spark a Department of Justice appeal? Even if the telecom’s Time Warner acquisition ultimately is upheld, uncertainty threatens to impact everything in Hollywood, from the pending Fox sale to the auction for Sky.

Sky Shares Leap As Comcast, Fox Lock Horns

Sky shares shot up to an 18-year high on Thursday as investors bet a transatlantic battle for the European pay-TV group had further to run, after Comcast’s $34 billion bid trumped an offer from Rupert Murdoch made just hours earlier.


Nexstar Stock Rises On Buyout Talk

Shares of Nexstar Media Group soared Wednesday after Reuters reported that private equity firm Apollo Global Management had approached the second largest broadcast station owner in the U.S. about a possible buyout.


Apollo Makes Overture To Buy Nexstar

Buyout firm Apollo Global Management has approached Nexstar Media Group, an operator of television stations that reach nearly 40% of U.S. households, to express interest in acquiring it, according to people familiar with the matter. The approach comes a year after Nexstar’s $2.3 billion acquisition of peer Media General turned it into one of the largest U.S. broadcasters.

Media M&A Forecast Well Over $140B

It’s only July, but mergers and acquisitions in the media, information, marketing, software and tech-enabled services sectors are on track to surpass 2016 and 2017 full-year levels. That’s according to investment bank JEGI, which counted 950 transactions during the first half of 2018. Excluding the Time Warner and Twenty-First Century Fox mega-deals, those transactions are worth roughly $140 billion.

Fox Shareholder Sues To Stop Disney Buy

The sale of 21st Century Fox’s studio assets to Disney has triggered the first lawsuit from a shareholder, who complains about what was filed with the Securities and Exchange Commission. The putative class action seeks to enjoin the transaction.

Murdoch May Get Billions More By Picking Disney

Cash may be king but Walt Disney Co.’s stock-based offer for 21st Century Fox’s entertainment assets could give it a $3.5 billion edge over Comcast Corp.’s rival bid.

Viacom Turns Down CBS Merger Offer

Viacom has rejected CBS’s initial acquisition offer, a source close to the company has confirmed. The all-stock offer to bring the companies back together was understood to be below Viacom’s market value, which is a departure from the way most acquiring companies typically start the process.

CBS Plans Viacom Deal Proposal In Few Days

CBS Corp. is preparing to make an initial merger proposal to Viacom Inc. within days, people with knowledge of the matter said, setting the stage for negotiations that could bring the media companies back together 12 years after they were split up. The proposal, from CBS’s independent board committee to its counterpart at Viacom, is likely to include an opening suggestion on valuation as well as leadership plans for the combined entity, the people said. Acquires Field59

The purchase expands’s broadcast capabilities and offerings, including broadcast quality video available for their desktop, mobile, and OTT applications.

Meredith To Sell Time, SI, Fortune, Money

The magazines, some of the most celebrated titles in the industry, clash with the lifestyle publications favored by Meredith, which bought Time Inc. last year.