TEGNA Completes Acquisition of Leading Multicast Networks Justice and Quest
TEGNA Inc. (NYSE: TGNA) today announced that it has completed its previously announced acquisition of leading 24/7 multicast networks Justice Network and Quest from Cooper Media.
- TEGNA Inc. (NYSE: TGNA) today announced that it has completed its previously announced acquisition of leading 24/7 multicast networks Justice Network and Quest from Cooper Media.
- TEGNA paid approximately $77 million in cash for the approximately 85 percent of the two networks it did not previously own, valuing Justice and Quest at $91 million.
- Brian Weiss, former president and general manager of Cooper Media, has joined TEGNA as president of Justice Network and Quest.
- TEGNA also owns leading multicast networks Justice Network and Quest that reach more than 87 million U.S. television homes.