New Media’s Acquisition of Gannett


Cravath represented New Media in connection with the transaction.

New Media Investment Group Inc. (“New Media”) and Gannett Co., Inc. (“Gannett”) announced they have entered into a definitive agreement pursuant to which New Media will acquire Gannett for a combination of cash and stock, which brings together the portfolios of two leading newspaper companies, and includes USA Today, Gannett’s flagship brand, and its more than 160 brands in the U.K.

Credit Suisse served as financial advisor to New Media, and Cravath, Swaine & Moore LLP served as principal legal counsel. New Media’s Transaction Committee retained Jefferies LLC as its independent financial advisor, and Wilson Sonsini Goodrich & Rosati as its legal counsel.

Greenhill & Co., LLC and Goldman Sachs & Co. LLC served as financial advisors to Gannett, and Skadden, Arps, Slate, Meagher & Flom LLP and Nixon Peabody LLP served as legal counsel.

The Cravath team is led by partner Damien R. Zoubek (Picture) and includes senior attorney Brittain A. Rogers and associates Matthew G. Jones, Katharine A. Patterson and Ashkan Towhid on M&A matters; partner George E. Zobitz, of counsel Christopher J. Kelly and associate Kelly M. Smercina on financing matters; partner Christine A. Varney and senior attorney Jesse M. Weiss on regulatory matters; partners Andrew W. Needham and Christopher K. Fargo, senior attorney Andrew Carlon and associate Rory M. Minnis on tax matters; partner David J. Kappos and associates F. Adam Abulawi and Carys A. Johnson on intellectual property matters; partner Jonathan J. Katz, practice area attorney Michelle M. Garrett and associate Sally Ye on executive compensation and benefits matters; partner Matthew Morreale on environmental matters; and senior attorney Joyce Law and practice area attorneys Brian M. Budnick and Laurel R. Berkowitz on real estate matters. Summer associate Evan S. Gabor also worked on M&A matters.

Involved fees earner: Adam Abulawi – Cravath Swaine & Moore; Laurel Berkowitz – Cravath Swaine & Moore; Brian Budnick – Cravath Swaine & Moore; Andrew Carlon – Cravath Swaine & Moore; Christopher K. Fargo – Cravath Swaine & Moore; Evan Gabor – Cravath Swaine & Moore; Michelle Garrett – Cravath Swaine & Moore; Carys Johnson – Cravath Swaine & Moore; Matthew Jones – Cravath Swaine & Moore; David Kappos – Cravath Swaine & Moore; Jonathan J. Katz – Cravath Swaine & Moore; Christopher Kelly – Cravath Swaine & Moore; Joyce Law – Cravath Swaine & Moore; Rory Minnis – Cravath Swaine & Moore; Matthew Morreale – Cravath Swaine & Moore; Andrew Needham – Cravath Swaine & Moore; Katharine Patterson – Cravath Swaine & Moore; Brittain Rogers – Cravath Swaine & Moore; Kelly Smercina – Cravath Swaine & Moore; Ashkan Towhid – Cravath Swaine & Moore; Christine Varney – Cravath Swaine & Moore; Jesse Weiss – Cravath Swaine & Moore; Sally Ye – Cravath Swaine & Moore; George E. Zobitz – Cravath Swaine & Moore; Damien Zoubek – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: New Media Investment Group Inc.;

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Author: Ambrogio Visconti