Media & Entertainment Divestitures in 2023
Acquisition Volume in Media & Entertainment Divestitures in 2023 by Year
Last 5 years
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December 26, 2023
- Buyer
- Skyhorse Publishing
- Target
- Regnery Publishing
- Seller
- Salem Media Group
- Industry
- Media & Entertainment
- Location
- District of Columbia, United States
- Type
- Divestiture
Skyhorse Publishing has agreed to acquire Regnery Publishing from Salem Media Group, with the transaction expected to close by year-end. Salem said the sale will place the longtime conservative publisher under Skyhorse’s stewardship, while Skyhorse plans to absorb Regnery’s more than 1,500 titles into its catalogue and operate Regnery as an imprint.
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November 29, 2023
- Buyer
- Paste Magazine
- Target
- Jezebel
- Seller
- G/O Media
- Industry
- Media & Entertainment
- Location
- New York, United States
- Type
- Divestiture
Paste Magazine has acquired the online cultural and feminist site Jezebel from G/O Media and plans to relaunch the brand. The purchase brings Jezebel into Paste’s portfolio as part of a strategic effort to expand its cultural journalism reach and preserve Jezebel’s editorial voice.
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- Buyer
- Equinox Industries
- Target
- Clear Channel France
- Seller
- Clear Channel Outdoor Holdings, Inc.
- Industry
- Media & Entertainment
- Location
- Île-de-France, France
- Type
- Divestiture
Clear Channel Outdoor Holdings, Inc. has completed the sale of its French business, Clear Channel France, to Equinox Industries as part of a broader portfolio optimization. The company said it is initiating a process to sell its Europe‑North segment and conducting a strategic review of its Latin American businesses while engaging financial advisers for those processes.
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October 16, 2023
- Target
- Jurassic Quest Holdings, LLC
- Seller
- Capitala Group
- Industry
- Media & Entertainment
- Location
- Texas, United States
- Type
- Divestiture
Capitala Group announced a successful exit from its investment in Jurassic Quest Holdings, LLC, a traveling family event business based outside Houston, Texas. Capitala first invested in May 2019 and said the partnership helped advance Jurassic Quest's growth; the press release did not disclose the buyer or transaction terms.
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September 19, 2023
- Buyer
- Concord
- Target
- Mojo Music & Media
- Seller
- Mojo Music & Media
- Industry
- Media & Entertainment
- Location
- Tennessee, United States
- Type
- Divestiture
Concord has acquired the music publishing catalog of Mojo Music & Media, adding more than 30,000 songs — including works by REO Speedwagon, KISS and Cheap Trick — to its publishing portfolio. The deal expands Concord's catalog and follows Concord's broader strategic accumulation of publishing assets and recent bid activity in the music-rights market.
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- Buyer
- Emerald Publishing Limited
- Target
- ICE Publishing (Thomas Telford Limited)
- Seller
- Thomas Telford Limited, Institution of Civil Engineers (ICE)
- Industry
- Media & Entertainment
- Location
- England, United Kingdom
- Type
- Divestiture
Emerald Publishing Limited has acquired the majority of Thomas Telford Limited’s (the commercial arm of the Institution of Civil Engineers) book catalogue (excluding the NEC Guides), all journal titles and related publishing assets. The Institution of Civil Engineers will licence the ICE Publishing brand and collaborate with Emerald to continue publication of the civil and environmental engineering titles.
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- Buyer
- J&J Ventures Gaming, LLC
- Target
- Illinois Gold Rush Inc
- Seller
- Illinois Gold Rush Inc, Tom Parsons
- Industry
- Media & Entertainment
- Location
- Illinois, United States
- Type
- Divestiture
J&J Ventures Gaming, LLC has acquired substantially all assets of Illinois Gold Rush Inc., a terminal operator with offices in Alton, Illinois and Florissant, Missouri that served about 50 licensed gaming locations. The deal brings Illinois Gold Rush's customers and employees (including president Tom Parsons) into J&J's operations, increasing J&J's serviced locations in Illinois and expanding its broader North American route footprint.
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April 11, 2023
- Buyer
- Everi Holdings Inc.
- Target
- VKGS LLC (Video King)
- Seller
- VKGS LLC (Video King)
- Industry
- Media & Entertainment
- Location
- Nebraska, United States
- Type
- Divestiture
Everi Holdings Inc. agreed to acquire the majority of assets of VKGS LLC (Video King) for approximately $59 million in cash. The asset purchase expands Everi's addressable market for digital casino gaming content—Video King brings an installed base of more than 50,000 portable electronic bingo tablets, revenue of over $25 million in 2022, and licensing in ~60 jurisdictions.
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March 23, 2023
- Buyer
- Active Interest Media
- Target
- Kovels, Inc.
- Seller
- Kovels, Inc.
- Industry
- Media & Entertainment
- Location
- Ohio, United States
- Type
- Divestiture
Active Interest Media (AIM) acquired the assets of Kovels, Inc., the long-running antiques and collectibles publisher and online price-guide. The acquisition combines Kovels with AIM's Antique Trader to create a larger collectibles media offering and expand AIM's content, audience and services for collectors and dealers.
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- Buyer
- Catalyst Communications Network
- Target
- Heartland Communications Group
- Seller
- Heartland Communications Group
- Industry
- Media & Entertainment
- Location
- Wisconsin, United States
- Type
- Divestiture
Catalyst Communications Network (CCN) has acquired the assets of Heartland Communications Group (HCG), a publisher of classified listings and buyer directories serving the agriculture, construction and industrial markets. CCN will absorb the HCG team and continue operating under the Heartland name while bringing digital marketing and growth operations expertise to expand the business.
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- Buyer
- Pyrotecnico
- Target
- Atlas PyroVision professional display division
- Seller
- Atlas PyroVision Entertainment, Pelkey family
- Industry
- Media & Entertainment
- Location
- New Hampshire, United States
- Type
- Divestiture
Pyrotecnico Fireworks, headquartered in New Castle, Pennsylvania, acquired the professional display division of Atlas PyroVision Entertainment (the Pelkey family's display business) in October 2022. The deal transfers Atlas's professional pyrotechnic display operations and personnel to Pyrotecnico while the Pelkey family continues to operate the Atlas retail fireworks stores.
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