E.W. Scripps Company Acquires ION Media

ION Investment Group Recapitalizes Broadway Technology

February 14, 2020

Software

ION Investment Group has recapitalized Broadway Technology, acquiring a controlling stake alongside Long Ridge Equity Partners with continued investment from Broadway's founders. The transaction will provide capital to accelerate Broadway’s product roadmap—particularly workflow automation and cloud capabilities—and expands ION’s front-office offerings, complementing its recent FX capabilities.

Blackstone Acquires International Data Group (IDG) for $1.3B

November 17, 2021

Data & Analytics

Blackstone’s private equity funds have completed the acquisition of International Data Group, Inc. (IDG) from Oriental Rainbow, LLC (a China Oceanwide subsidiary) for an enterprise value of $1.3 billion. IDG — which includes IDC and IDG Communications — provides market intelligence, data and technology-focused media; Blackstone said it will partner with IDG to expand product offerings and drive technology innovation.

News Corp Acquires Investor's Business Daily for $275M

March 25, 2021

Media & Entertainment

News Corp has agreed to acquire Investor's Business Daily (IBD) from O'Neil Capital Management for $275 million. IBD, a digital-first financial news and research business with roughly 100,000 digital subscribers and about 130 employees, will operate as a stand-alone brand within News Corp's Dow Jones division to expand Dow Jones's digital finance offerings and proprietary investor tools.

Yankee Global Enterprises and Partners Acquire YES Network from The Walt Disney Company

August 29, 2019

Media & Entertainment

Yankee Global Enterprises, together with strategic partners Sinclair Broadcast Group and Amazon and financial investors RedBird Capital, Blackstone Tactical Opportunities and Mubadala Capital, purchased the 80% of the YES Network not already held by Yankee Global from The Walt Disney Company at a reported enterprise value of $3.47 billion. The consortium aims to expand distribution, strengthen the network's sports content capabilities and leverage partner expertise to grow YES across traditional and digital platforms.

Hub International Acquires the Assets of Ion Insurance Corporation

May 10, 2021

Insurance

Hub International Limited acquired the assets of Ion Insurance Corporation, a Cheshire, Connecticut-based independent insurance agency. The Ion Insurance team will join Hub New England; the sale was intended to provide additional capital to Ion Bank and support Hub's expansion in Southern New England.

Nexstar Acquires 75% Stake in The CW from Warner Bros. Discovery and Paramount Global

October 3, 2022

Media & Entertainment

Nexstar Media Group has closed its previously announced acquisition of a 75% ownership interest in The CW Network, LLC from co-owners Warner Bros. Discovery and Paramount Global, which will each retain a 12.5% stake. Nexstar named Dennis Miller President of The CW and will pursue integration of the network with its broadcast and digital assets to expand distribution and advertising opportunities.