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

Discovery Combines with AT&T's WarnerMedia to Form Warner Bros. Discovery

April 8, 2022

Media & Entertainment

Discovery, Inc. and AT&T have closed the transaction that combines AT&T's WarnerMedia business with Discovery to form Warner Bros. Discovery. Under the Reverse Morris Trust structure, AT&T received cash and shares of the new company while Discovery shareholders own the remaining stake, creating a global media and streaming leader.

Nexstar Acquires The Hill for $130 Million

August 20, 2021

Media & Entertainment

Nexstar Media Inc., a wholly-owned subsidiary of Nexstar Media Group, Inc., acquired political digital media platform The Hill for $130 million (plus working capital adjustments). The acquisition expands Nexstar's digital content portfolio and audience reach, pairing The Hill's political news platform with Nexstar's national and local distribution channels to drive advertising and monetization opportunities.

ViacomCBS Networks International Acquires Chilevisión from WarnerMedia

September 30, 2021

Media & Entertainment

ViacomCBS Networks International (VCNI), a division of ViacomCBS Inc., has completed the acquisition of Chilevisión from WarnerMedia/AT&T. The deal includes Chilevisión's free-to-air television network, content library and production capabilities and is intended to expand VCNI's Spanish-language studio, streaming and linear presence in the region; financial terms were not disclosed.

E.W. Scripps Company Acquires ION Media

September 24, 2020

Media & Entertainment

The E.W. Scripps Company will acquire ION Media from an entity controlled by Black Diamond Capital Management for $2.65 billion, creating a national television networks business by combining ION with Scripps’ Katz networks and Newsy. Berkshire Hathaway is providing $600 million of preferred equity to finance the transaction; the deal is expected to deliver substantial synergies and requires FCC and HSR approvals.

Curtiss-Wright Corporation Acquires Pacific Star Communications (PacStar)

September 24, 2020

Aerospace & Defense

Curtiss-Wright Corporation agreed to acquire Pacific Star Communications, Inc. (PacStar) for $400 million in cash. The acquisition adds PacStar's rugged tactical communications hardware and IQ-Core network management software to Curtiss-Wright's Defense segment, expanding its battlefield networking capabilities and expected to be accretive to adjusted EPS in the first full year.

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.