M. Roberts Media Acquired by Carpenter Media Group
Deal News | Dec 06, 2024 | EIN
Carpenter Media Group has acquired M. Roberts Media, a well-established figure in the Texas media landscape. M. Roberts Media, operating since 1942, is the owner of seven newspapers and various magazines. Major publications under its belt include the Victoria Advocate, Tyler Morning Telegraph, and The Henderson News. The acquisition not only means a change in ownership but also aims to maintain and elevate the journalistic standards and commitment to community enhancement set by M. Roberts Media under familial guidance. The acquisition, represented by Dirks, Van Essen & April, and led by Stephen McHaney, is part of a broader move by Carpenter Media, chaired by Todd Carpenter, seeking to reinforce community-centric journalism across their wide-reaching network of over 250 news publications.
Sectors
- Media and Publishing
- Mergers and Acquisitions
Geography
- United States – The article is focused on M. Roberts Media which operates in Texas, and Carpenter Media Group's operations across the U.S.
- Texas – The headquarters of M. Roberts Media and the primary focus of the acquisition, impacting local newspapers and publications within this state.
Industry
- Media and Publishing – Relevant as it involves the acquisition of a media company with numerous newspaper and magazine publications.
- Mergers and Acquisitions – Involvement of transaction between Carpenter Media Group and M. Roberts Media, represented by a media M&A advisory firm.
Financials
- Not Disclosed – The terms of the acquisition deal between Carpenter Media Group and M. Roberts Media were not publicly disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Carpenter Media Group | Acquirer | Company | A media company led by Todd Carpenter that owns and manages over 250 publications in the U.S. and Canada. |
| M. Roberts Media | Target Company | Company | A family-owned media company with a portfolio of newspapers and magazines serving Victoria and East Texas. |
| Dirks, Van Essen & April | Legal Advisor | Company | A media merger and acquisition firm based in Santa Fe, New Mexico, representing M. Roberts Media in the transaction. |
| Todd Carpenter | Chairman | Person | Chairman of Carpenter Media Group, leading the acquisition of M. Roberts Media. |
| Stephen McHaney | President | Person | President of M. Roberts Media and part of the family leadership that managed the company. |