Debevoise & Plimpton LLP is advising Tribune Media Company (NYSE: TRCO) on its $6.4 billion sale to Nexstar Media Group, Inc. (Nasdaq: NXST), a leading diversified media company. The proposed transaction, which will combine two leading local media companies with complementary national coverage, has been approved by the boards of directors of both companies and is expected to close late in the third quarter of 2019.
Tribune Media Company is home to a diverse portfolio of television and digital properties driven by quality news, entertainment and sports programming and is comprised of Tribune Media Broadcasting's 42 owned or operated local television stations, national entertainment cable network WGN America and a variety of digital applications and websites.
The Debevoise team is led by partners Paul S. Bird and Jonathan E. Levitsky and includes partners Peter A. Furci, Meir D. Katz and Scott B. Selinger and associates Benjamin P. Collins-Wood, Kevin R. Grondahl, Jose Angel Lamarque III, Molly F. Stockley and Meredith Wren.
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.