Acquisition of Katz Broadcast Networks Closes at $302 Million

Atlanta based Katz broadcast networks has been acquired by E.W. Scripps Co. for a whopping $302 million.

Factoring Scripps' five percent ownership in KBN, the net purchase totals $292 million. The deal includes four networks: Bounce, Grit, Escape and Laff. They are forecasted to generate nearly $180 million in revenue in 2018, as well as $30 in segment profit. These four networks reach about 80 percent of American households and have been growing rapidly.

The founder of Katz broadcasting networks is Jonathan Katz, previously a Turner Broadcasting programming executive. He will continue to run the business which has its headquarters here in Atlanta and employs about 130 people.



 TEL: (404) 633-1779   |   FAX: (404) 636-5919   |

  • Grey Facebook Icon
  • Grey Twitter Icon
  • Grey Instagram Icon

2566 Shallowford Road Suite 104, #302, Atlanta, GA 30345

Copyright © 2021, Oz Magazine. All rights reserved.