Tribune Media’s $3.9 Billion Sale to Sinclair

Debevoise & Plimpton LLP is advising Tribune Media Company (NYSE: TRCO) on its $3.9 billion sale to Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) in a transaction valued at nearly $6.6 billion.

The transaction has been unanimously approved by the Boards of Directors of both companies and is anticipated to close in the fourth quarter of 2017.

Tribune Media owns or operates 42 television stations in 33 markets, cable network WGN America, digital multicast network Antenna TV, minority stakes in the TV Food Network and CareerBuilder, and a variety of real estate assets.

The Debevoise team is led by partners Paul S. Bird (Picture) and Jonathan E. Levitsky and includes partners Lawrence K. Cagney, Peter A. Furci, Meir D. Katz and Scott B. Selinger and associates John Rothert, Kamal Nesfield, Michael Ronca, Joel D. Salomon and Molly F. Stockley.

 

Involved fees earner: Paul Bird – Debevoise & Plimpton; Jonathan Levitsky – Debevoise & Plimpton; John Rothert – Debevoise & Plimpton; Michael Ronca – Debevoise & Plimpton; Joel Salomon – Debevoise & Plimpton; Molly Stockley – Debevoise & Plimpton; Lawrence Cagney – Debevoise & Plimpton; Meir Katz – Debevoise & Plimpton; Peter Furci – Debevoise & Plimpton; Scott Selinger – Debevoise & Plimpton; Kamal Nesfield – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: Tribune Media Company;

 

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Author: Ambrogio Visconti