Morgan Lewis represented The New York Times Company, while Fenwick & West represented Audm in the transaction.
The New York Times Company executed the acquisition of Audm, a subscription-based audio app that offers listeners quality longform journalism read aloud word-for-word by celebrated audiobook narrators.
Launched in 2016 by Ryan Wegner and Christian Brink, Audm transforms longform articles into audio. Audm users can listen to hours of new stories every week, from publications including The New York Times, The New Yorker, The Atlantic and a host of other publishers.
Following the acquisition, Mr. Wegner, Audm’s director of spoken word audio production, and Mr. Brink, the director of product for Audm, as well as the rest of the Audm team, have joined the Times Company.
Morgan Lewis represented The New York Times Company with a team led by Partners Russell Franklin (Picture) and Robert Dickey and associates Katherine Dean and Julianne Vargo.
Fenwick represented Audm with a team including corporate partner William Bromfield and associates Matthew McCabe, Shajee Rizvi and Adam Derry; executive compensation and employee benefits partner Matthew Cantor; technology transactions partner Jonathan Millard and associate Joseph Schenck; and tax partner Adam Halpern.
Involved fees earner: William Bromfield – Fenwick & West LLP; Matthew Cantor – Fenwick & West LLP; Adam Derry – Fenwick & West LLP; Adam Halpern – Fenwick & West LLP; Matthew McCabe – Fenwick & West LLP; Jonathan Millard – Fenwick & West LLP; Shajee Rizvi – Fenwick & West LLP; Joseph Schenck – Fenwick & West LLP; Katherine Dean – Morgan Lewis; Robert Dickey – Morgan Lewis; Russell Franklin – Morgan Lewis; Julianne Vargo – Morgan Lewis;