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Times Media Group acquires Firebrand Media to expand publishing portfolio

Jul 04, 2024•about 1 year ago

Acquiring Company

Times Media Group

Acquired Company

Firebrand Media

TempeLong BeachEbooksPublishingContent MarketingAdvertising

Description

Arizona-based Times Media Group has completed the acquisition of Firebrand Media, which operates the Laguna Beach Independent, the Newport Beach Independent, and a number of magazines. This strategic acquisition is part of Times Media Group's plan to strengthen its presence in the publishing industry and expand its portfolio of media products.

Company Information

Company

Times Media Group

Location

Tempe, Arizona, United States

About

Times Media Group is a digital and print media company that operates in the Phoenix, Tucson, South Orange County, Ventura County and Los Angeles metro markets. It serves a wide variety of demographic audiences and communities with more than 1.1 million printed copies and millions of online readers each month. Central to our mission is a commitment to universal and timeless principles fostered within our culture: integrity, excellence, value creation, principled entrepreneurship, a focus on the customer, ever-increasing knowledge, humility, respect and predictable results.

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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