Webcast

Third Quarter 2020 Earnings Conference Call
Thursday, November 05, 2020
5:00 PM ET

Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
ION Media Networks, Inc.
Actual Acquirer:
ION Media Networks, Inc.
Target:
KMCC-DT
Deal Type:
Media & Entertainment
Agreement Date:
1/22/2020
Announcement Date:
1/27/2020
Announced Deal Value ($ M):
4.00
Status:
Completed
Completion Date:
4/2/2020

Consideration Breakout
Cash ($M) 4.0

Deal Pricing Ratios

Announcement Completion
Price / TV Household ($ /TVHH) 7.74 7.74
Deal Terms
Description of Consideration

ION Media Networks Inc. paid $4,000,000 in cash to acquire KMCC-DT from Entravision Communications Corp.

Accounting Method Acquisition
Merger of Equals? No
Minimum Termination Fee ($ 000) 0
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Perkins Coie LLP
Seller Yes Thompson Hine LLP