Media & Entertainment Divestitures in 2023

• Skyhorse Publishing Acquires Regnery Publishing from Salem Media Group

  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.

• Paste Magazine Acquires Jezebel from G/O Media

  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.

• Equinox Industries Acquires Clear Channel France from Clear Channel Outdoor

  October 31, 2023

  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.

• Capitala Group Exits Jurassic Quest

  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.

• Concord Acquires Mojo Music & Media Publishing Catalog

  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.

• Emerald Publishing Acquires ICE Publishing Portfolio from Thomas Telford Limited

  May 23, 2023

  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.

• J&J Ventures Gaming Acquires Assets of Illinois Gold Rush Inc

  April 14, 2023

  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.

• Everi Acquires Assets of Video King (VKGS LLC)

  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.

• Active Interest Media Acquires Assets of Kovels, Inc.

  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.

• Catalyst Communications Network Acquires Heartland Communications Group

  February 6, 2023

  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.

• Pyrotecnico Acquires Atlas PyroVision Professional Display Division

  January 6, 2023

  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.

PrivSource has tracked 11 Media & Entertainment divestitures in 2023 between 2018-2026.