Chatham Asset Management LLC completes merger of McClatchy with accelerate360, publisher of Us Weekly and other magazines
Dec 13, 2024•about 1 year ago
Acquiring Company
Chatham Asset Management
Acquired Company
accelerate360
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Chatham Asset Management LLC, the majority owner of McClatchy Media Company, announced the completion of the merger between McClatchy and accelerate360. This strategic merger combines McClatchy's local journalism, a360media’s lifestyle and entertainment content, and accelerate360’s retail distribution network, enhancing the company’s market presence and audience reach.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed