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 and Jonathan E. Levitsky and includes partners Lawrence K. Cagney, Peter A. Furci, Meir D. Katz and Scott B. Selinger and associates Samuel M. Duncan, John Rothert, Kamal Nesfield, Michael Ronca, Joel D. Salomon and Molly F. Stockley.
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.