NEWS
Paul Hastings Advising LIN Media in Acquisition of Network Affiliates from New Vision Television for $330.4M
May 07, 2012
Washington, D.C. (May 7, 2012) - Paul Hastings LLP, a leading global law firm, announced today that the firm is representing LIN Media, a local multimedia company, and its subsidiary LIN Television Corporation in the acquisition of 13 broadcast network affiliates and related assets from seller New Vision Television for $330.4 million and the assumption of $12 million of debt.
The network affiliates to be acquired by LIN under the agreement, announced today by the parties, include 10 stations affiliated with ABC, CBS, FOX or NBC and are located in eight U.S. markets. The acquisition, pending regulatory approvals and other closing conditions, is expected to close in late 2012.
Media M&A partner Eric Dodson Greenberg led the Paul Hastings team, which also included Leveraged Finance chair and partner William Schwitter, and senior associates Scott Oross, Heather Davis, Karen Contoudis and Matthew Gibson.
Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.
Practice Areas
Technology, Media and Telecommunications
Leveraged & Syndicated Lending
SIGN UP FOR NEWS INSIGHTS
MEDIA CONTACTS
M&A, Private Equity, Data Privacy and Cybersecurity, Investment Funds and Private Capital, Structured Credit, Life Sciences, Employment Law and Media and Entertainment
Natalie GewargisAntitrust and Competition, Global Finance, Litigation, Financial Restructuring, Intellectual Property, Fintech and Payments, Consumer Financial Services, International Arbitration, and Investigations and White Collar Defense
Becca Hatton