Tegna Sells Clipper Magazine to Valassis
BALTIMORE, MD—Signal Hill is pleased to announce that its client, TEGNA Inc. (NYSE: TGNA), has sold Clipper Magazine, a provider of multichannel marketing and promotional solutions to local businesses, to Valassis, a leader in intelligent media delivery.
TEGNA, formerly Gannett Co., is comprised of a dynamic portfolio of media and digital businesses that together reach an audience of more than 90 million American consumers. The acquisiton allows Valassis to further establish itself as the national leader in local promotional advertising.
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Signal Hill, named 2015 Boutique Technology Investment Bank of the Year by the Global M&A Network, is a leading independent advisory boutique serving the M&A and private capital raising needs of growth companies. Signal Hill’s experienced bankers provide deep domain expertise and an unyielding commitment to clients in our sectors: Internet & Digital Media, Internet Infrastructure, Services and Software. With more than 600 completed transactions and offices in Baltimore, Bangalore, Boston, Mumbai, Nashville, New York, Reston and San Francisco, Signal Hill leverages deep strategic industry and financial sponsor relationships to help our clients achieve Greater Outcomes®. For more information visit www.signalhill.com.
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