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media

Mar 26, 2021

WSJ reports Axios is eyeing merger with the Athletic

Arlington-based digital news company Axios Media Inc. is in discussions to merge with San Francisco-based sports media firm the Athletic, according to The Wall Street Journal, with the two companies potentially going public through a merger with a blank check company. According to the article, negotiations are in early stages after the Athletic’s chief executive, […]

Mar 11, 2021

Reston-based Comscore closes investment transactions

Reston-based media measurement and analytics company Comscore Inc. announced Thursday that it has closed its previously announced investment transactions with Connecticut-based Charter Communications Inc., Colorado-based Qurate Retail Inc. and an affiliate of New York-based Cerberus Capital Management LP. Each of the three companies made a cash investment in exchange for shares of convertible pref[...]

Feb 1, 2021

Gannett to refinance $1.05B in debt

McLean-based Gannett Co. Inc., the largest newspaper publisher in the U.S., announced Monday it will refinance $1.05 billion in debt to lower its interest rates and extend maturity on outstanding debt. Gannett, which has struggled financially during the pandemic, in November 2020 announced it had refinanced approximately $500 million in debt to more quickly repay […]

Jan 28, 2021

Tegna acquires podcast company

Tysons-based broadcast and digital media company Tegna Inc. announced Thursday it has acquired Locked On Podcast Network, which covers local sports and the four major professional sports leagues. Financial terms of the transaction were not disclosed, but the acquisition will expand Tegna’s podcast market presence.  Locked On produces daily shows for the NBA, NFL, MLB […]

Jan 8, 2021

Reston-based Comscore secures investments for stock deal

Reston-based media-measurement and analytics company Comscore Inc. announced Thursday that Connecticut-based Charter Communications Inc., Colorado-based Qurate Retail Inc. and an affiliate of New York-based Cerberus Capital Management LP are each making a cash investment in exchange for shares of convertible preferred stock. Proceeds from the investment will be used by Comscore to retire existing [...]

Jan 4, 2021

Politico to acquire E&E News

Arlington-based political and policy-focused news organization Politico announced last week it will acquire energy and environment news organization E&E News. Terms of the acquisition were not disclosed, but the purchase will add energy and environmental coverage, according to a company statement. The E&E Brand will remain intact. “We are doubling down on our policy coverage […]

Allison Jno-Baptiste
Dec 15, 2020

Arlington company names VP of people

Arlington-based stock media company Storyblocks announced Tuesday it has hired Allison Jno-Baptiste as its vice president of people. Jno-Baptiste most recently served as the executive director of talent and resource management at Brown University. In her new role, she will oversee employee recruitment and diversity. “I believe that the key to an organization’s success is […]

Dec 10, 2020

Spotify completes $235M acquisition of Reston-based Megaphone

Music streaming giant Spotify Technology SA has completed the acquisition of Arlington-based media and education conglomerate Graham Holdings Co.’s podcast technology company, Megaphone, for $235 million, the company announced Tuesday. The acquisition was first announced Nov. 10. Founded in 2015, Megaphone provides hosting and ad-insertion capabilities for publishers and targeted ad sales fo[...]

Nov 17, 2020

Gannett announces $500M debt refinancing

McLean-based Gannett Co. Inc., the largest newspaper publisher in the U.S., announced Tuesday it has refinanced approximately $500 million in debt to more quickly repay on outstanding loans. Gannett announced in early April that it was negotiating with its vendors, creditors and pension regulators in order to preserve the company’s liquidity. It was noticeably not […]

Nov 12, 2020

Gannett sells business media, marketing subsidiary

McLean-based Gannett Co. Inc., the nation’s largest newspaper publisher, sold its business media and B2B marketing subsidiary, BridgeTower Media, to Los Angeles-based middle-market private equity firm Transom Capital Group, the company announced last week. Financial terms of the sale were not disclosed. Through more than 40 digital and print brands, BridgeTower Media provides media and [&hel[...]

Sylvia Bugg. Photo courtesy PBS
Oct 22, 2020

PBS names chief programming exec

Arlington-based Public Broadcasting Service (PBS) announced Tuesday that Sylvia Bugg has been promoted to chief programming executive and general manager of general audience programming, effective immediately. Bugg most recently served as vice president of general audience programming, overseeing the PBS editorial team and leading the network’s strategy for news, public affairs, documentarie[...]

Sep 15, 2020

Daily Press office set to close in Newport News at end of Sept.

CORRECTION:  A previous version of this story incorrectly reported that the Daily Press had not paid rent on its offices for more than a year. This information was based on a court filing that the newspaper’s landlord has said may have had an incorrect 2019 date listed. The Daily Press was delinquent on its rent […]

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