Standard General's Tegna Deal Goes Down to Wire
Mon, May 8, 2023
By Kevin McCauley
Standard General CEO Soo Kim says the company faces a May 22 deadline to complete the $5.4B deal to acquire Tegna to create the largest minority-owned TV broadcaster.
| Category: Acquisitions | Return to Latest News |
Standard General CEO Soo Kim says the company faces a May 22 deadline to complete the $5.4B deal to acquire Tegna to create the largest minority-owned TV broadcaster.
ICR Inc. has acquired Lumina Communications, San Jose-based B2B technology firm that has more than 40 staffers and 50+ clients.
Subject Matter, the DC-based advocacy shop, is acquiring Kivvit, which ranks No. 18 in O’Dwyer’s rankings with 2022 fees of $39.5M. Private equity firm Coral Tree Partners owns Subject Matter.
Stagwell has acquired In the Company of Huskies, a Dublin-based digital shop with more than 60 staffers.
BerlinRosen and its private equity investor O2 Investment Partners have taken a majority stake in New York-based M18 PR, a real estate, hospitality and design specialist.
WPP CEO Mark Read has announced that KKR has made a “growth investment" in FGS Global, a transaction that values the strategic & financial communications firm at $1.4B.
Actum, which was launched by Mercury Public Affairs staffers in 2022, has acquired New York-based Kirtzman Strategies. Andrew Kirtzman has been a fixture in NYC's media and political scenes.
LLYC is acquiring an 80 percent stake in BAM, the 35-member San Diego shop that serves the technology and venture capital segments, in a deal valued at $13.2M. The transaction doubles the Spanish firm's size in the US.
WPP acquires Goat, an influencer marketing agency with more than 150 staffers across “remote working hubs” in the UK, US and Singapore.
APCO Worldwide has acquired Gagen MacDonald, the 25-year-old Chicago-based organizational communications/employee engagement specialist.
Edelman Global Advisory has acquired Landmark Public Affairs, which has offices in New York, London, Brussels and Singapore.
Public Policy Holding Company has acquired Alexandria-based Multistate Associates, a local and state government relations shop with 77 staffers, for $22M.
Finn Partners has acquired Hyderus, Dublin-based health communications and policy firm.
Knox Lane has made a strategic investment in Spectrum Science, which ranks No. 4 on O’Dwyer’s roster of healthcare firms with fee income of $48.9M in 2021.
MikeWorldWide Public Relations has acquired technology specialist firm MRB Public Relations.
Firehouse Strategies, which was launched by veterans of Republican Senator Marco Rubio's presidential run, acquires Scarlet Oak Strategies, a Democratic firm.
Danforth Advisors has acquired New York’s Argot Partners strategic communications shop, which is focused on the life sciences sector.
Publicis Groupe has sold Washington-based PA shop Qorvis Communications to a management group led by long-time executive Matt Lauer, who launched its public diplomacy group.
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