GAC Media’s Acquisition of Great American Country Network

Proskauer represented Discovery in the transaction.

Discovery completed the sale of the Great American Country Network (GAC) to GAC Media, a newly formed group of U.S.-based investors led by Hicks Equity Partners and multiple U.S.-based family offices. GAC offers music and lifestyle programming and reaches around 40 million TV households.

Discovery, Inc. (Nasdaq: DISCA, DISCB, DISCK) is a global leader in real life entertainment, serving a passionate audience of superfans around the world with content that inspires, informs and entertains. 

The Proskauer team advising Discovery was led by partner and Mergers & Acquisitions Group co-head Lauren Boglivi (Picture) and partner and Technology, Media & Telecommunications Group co-head Rob Freeman, and also includes partner Richard Corn (Tax), partner Andrea Rattner (Employee Benefits & Executive Compensation) and associates Andrew Santimays and Jordan Shelton (Mergers & Acquisitions).

Involved fees earner: Lauren Boglivi – Proskauer Rose; Richard Corn – Proskauer Rose; Rob Freeman – Proskauer Rose; Andrea Rattner – Proskauer Rose; Andrew Santimays – Proskauer Rose; Jordan Shelton – Proskauer Rose;

Law Firms: Proskauer Rose;

Clients: Discovery Inc.;

Author: Martina Bellini