Media General has turned to Fried, Frank, Harris, Shriver & Jacobson for counsel on its proposed acquisition of LIN Media LLC, which has retained Covington & Burling and Weil, Gotshal & Manges to advise on the $1.6 billion cash-and-stock deal. Paul Hastings, meanwhile, is working on arranging the financing for the transaction, which will create the nation's second-largest local television broadcasting company.
March 21, 2014 at 03:09 PM
1 minute read
Update, 3/24/14, 4:15 p.m. EDT: Additional information about the Fried, Frank, Harris, Shriver & Jacobson team advising Media General in connection with its acquisition of LIN Media has been added to the fourth paragraph of this story.
Media General announced Friday that it has agreed to acquire LIN Media LLC in a $1.6 billion cash-and-stock deal that, if completed, will create the second-largest local television broadcasting company in the country.
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