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Client situation
PMCF served as exclusive financial advisor to the Washington Legal Journal (“WLJ”) in its acquisitions of The Dispatch, Capitol Hill Times and The Monroe Monitor.
Client overview
WLJ holds a portfolio of community newspapers. The Company is owned by a diversified provider of outsourced processing services. WSJ was formed as a vehicle to acquire and operate newspapers and other publications that satisfy legal publishing requirements.
Client need
WLJ’s parent is focused on using the WLJ platform to acquire local newspapers to improve the efficiency and profitability of the legal publication business by leveraging its state-of-the-art technology platform.
PMCF's value
PMCF collaborated with management to ensure that a media expansion approach would provide profitable growth for the business. PMCF performed detailed financial analysis on each potential target and negotiated on behalf of WLJ to structure deals in the best interest of all parties.
Results
The acquisition of the three newspapers provides diversification of service offerings for its ultimate parent as well as significantly enhances performance through improved revenue capture and retention.