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Tampa Media Group Completes Add-on Acquisition of Clearwater Gazette



  Tampa Media Group Completes Add-on Acquisition of Clearwater Gazette

Business Wire

LOS ANGELES -- April 08, 2013

Revolution Capital Group is pleased to announce its portfolio company, Tampa
Media Group, has acquired Clearwater Gazette—a weekly newspaper serving the
Clearwater, Dunedin, Largo, Belleair, Belleair Beach, Belleair Bluffs,
Belleair Shore and Indian Rocks Beach communities. This add-on follows the
launch in January of The St. Petersburg Tribune, a new daily newspaper serving
St. Petersburg, Florida. Clearwater Gazette marks Revolution’s fifth
acquisition since inception.

“For six decades, Clearwater Gazette has been an influential and important
voice in the community, and we’re impressed with the quality of the
publication put together by the owners, Chuck and Sandy Pollick,” says Gary
Alcock, Managing Director of Revolution Capital Group.

The purchase of Clearwater Gazette and its integration into Tampa Media
Group illustrates the acquisition growth strategy employed by Revolution as it
seeks to unlock the full potential of its portfolio companies.

“The content and viewpoints of Clearwater Gazette mesh well with our existing
portfolio of media properties in the region. In addition to that, it’s also an
exceptionally well-run business,” says Jim Towers, a Senior Associate with
Revolution.

Under Chuck and Sandy Pollick’s ownership, Clearwater Gazette has remained
committed to providing superior local news while helping to promote local
businesses in Pinellas County.

"Tampa Media Group's mission is to connect and strengthen communities.
Therefore, we are very pleased to add Clearwater Gazette to our Tribune family
of products. It joins the over 117 year old Tampa Tribune and the leading
website in Tampa Bay, TBO.com. Clearwater Gazette is a perfect complement to
our St. Petersburg Tribune as well. We look forward to better serving our new
and existing readers with expanded coverage while working to strengthen the
business community of Clearwater," says Bill Barker, Publisher of The Tampa
Tribune.

Revolution Capital Group formed Tampa Media Group in October 2012 to purchase
The Tampa Tribune from Media General. The firm continues to seek acquisition
opportunities within the newspaper industry.

About The Tampa Tribune

The Tampa Tribune has been Tampa’s hometown newspaper for more than a century.
TBO.com, the newspaper’s associated web site, was one of the first local media
internet sites when it launched in 1994. In 1975, the newspaper moved into a
new facility on Parker Street, where the operations reside today. The Tampa
Times, an evening newspaper, merged into The Tampa Tribune in 1982.

About Clearwater Gazette

Founded in 1950, Clearwater Gazette started as a small island newspaper, and
now serves Clearwater, Dunedin, Largo, Belleair, Belleair Beach, Belleair
Bluffs, Belleair Shore and Indian Rocks Beach communities. The newspaper’s
mission is to provide quality local news while helping to promote local
businesses in Pinellas County. See their website for more details
www.clearwatergazette.com.

About Revolution Capital Group

Revolution Capital Group was formed by a group of private equity, M&A and
operational executives. The partners have worked on over $15 billion in
transactions with corporations such as AT&T, BASF, Bayer, General Electric,
Hays PLC, IBM, Lucent, Motorola, Universal Group and Williams Communications.
Additional information is available on the company’s website
www.revolutionpe.com.

Contact Revolution Capital Group

Inquiries regarding Revolution Capital Group should be directed to Gary
Alcock, Managing Director, at 310-229-0806 or galcock@revolutionpe.com.

Contact:

Revolution Capital Group
Gary Alcock, Managing Director
310-229-0806
galcock@revolutionpe.com
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