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Cox Media Group Acquires Two Eugene, Oregon Tv Stations

May 03, 2022•over 3 years ago

Acquiring Company

Media Group

Acquired Company

Two TV Stations

Media And Entertainment

Description

Cox Media Group (“CMG”) announced it successfully closed separate transactions for the acquisitions of KLSR (FOX) and KEVU (My Network TV), two television stations previously owned by California Oregon Broadcasting Inc. (COBI).

Company Information

Company

Media Group

About

CMG Media Corporation (d/b/a Cox Media Group) is an industry-leading media company with unparalleled brands, award-winning content, and exceptional people. CMG provides valuable local content to viewers in the communities in which it serves. The company’s operations primarily include 31 high-quality, market-leading television stations in 20 markets, 53 top-performing radio stations delivering multiple genres of content in 11 markets and numerous streaming and digital platforms. CMG’s portfolio includes primary affiliates of ABC, CBS, FOX, NBC, Telemundo and MyNetworkTV, as well as several valuable news and independent stations. Additionally, the company also offers a full suite of national, regional, local and digital advertising services with CMG Local Solutions, CoxReps and Gamut. For more information about CMG, visit www.coxmediagroup.com.

M&A Insights

Based on deal data
Integration 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