Gray Television’s $2.7 Billion Acquisition of Meredith Corp

Jones Day advised Gray Television, Inc. on the deal while Cooley LLP advised Meredith Corporation.

Gray Television, Inc. announced its $2.7 billion acquisition of Meredith Corporation’s Local Media Group, which owns 17 broadcast television stations in 12 local markets. Gray will acquire all of the outstanding shares of Meredith Corporation for approximately $14.50 per share in cash, or $2.7 billion, immediately following Meredith’s spinoff to its shareholders of the magazine, digital and marketing assets that comprise Meredith’s National Media Group. After the transaction, Gray will be the second largest television broadcast group in the U.S.

Gray Television, Inc. operates television stations. The Company operates in the southern, midwestern, and southwestern United States.

The Jones Day team was led by Mark L. Hanson (Picture) and includes Todd Roach, Eric Maki, Krunal Shah and Molly Brophy.

The Cooley team was led by Kevin Mills, Aaron Binstock and Michael Basile. It also included Stacey Bradford, Christy Burrow, Lesse Castleberry, Helenanne Connolly, Darren DeStefano, Wesley Dietrich, Jason Rademacher, Robby Saldaña, Paula Fleckenstein, Kristine Forderer, Virat Gupta, Anthony Hajj, Kelsie Leigh Harris, Emily Harrison, Carly Mitchell, Rick Jantz, Bob Sanchez, MaryBeth Shreiner, Mike Tollini, Meredith Klionsky, Kristin Leavy, Mary Maher Lewis, John Logan, Anna Marx, David Mills, Howard Morse, Addison Pierce, Dave Walsh, Rubin Waranch and Henry Wendel.

Involved fees earner: Michael Basile – Cooley LLP; Aaron Binstock – Cooley LLP; Stacey Bradford – Cooley LLP; Christy Burrow – Cooley LLP; Lesse Castleberry – Cooley LLP; Helenanne Connolly – Cooley LLP; Darren DeStefano – Cooley LLP; Wesley Dietrich – Cooley LLP; Paula Fleckenstein – Cooley LLP; Kristine Forderer – Cooley LLP; Virat Gupta – Cooley LLP; Anthony Hajj – Cooley LLP; Emily Harrison – Cooley LLP; Rick Jantz – Cooley LLP; Meredith Klionsky – Cooley LLP; Kristin Leavy – Cooley LLP; Kelsie Leigh Harris – Cooley LLP; John Logan – Cooley LLP; Mary Maher Lewis – Cooley LLP; Anna Marx – Cooley LLP; Kevin Mills – Cooley LLP; David Mills – Cooley LLP; Carly Mitchell – Cooley LLP; Howard Morse – Cooley LLP; Addison Pierce – Cooley LLP; Jason Rademacher – Cooley LLP; Robby Saldaña – Cooley LLP; Robert Sanchez – Cooley LLP; MaryBeth Shreiner – Cooley LLP; Michael Tollini – Cooley LLP; David Walsh – Cooley LLP; Rubin Waranch – Cooley LLP; Henry Wendel – Cooley LLP; Mark Hanson – Jones Day; Eric Maki – Jones Day; Todd Roach – Jones Day; Krunal Shah – Jones Day; Molly Steinhaus Brophy – Jones Day;

Law Firms: Cooley LLP; Jones Day;

Clients: Gray Television Inc.; Meredith Corporation;

Author: Martina Bellini