WRF Advises Emmis in Major TV Transactions Totaling $940 Million
September 30 2005 - 5:35PM
PR Newswire (US)
WASHINGTON, Sept. 30 /PRNewswire/ -- Wiley Rein & Fielding LLP
advised Emmis Communications Corporation (NASDAQ:EMMS) on
definitive agreements for the sale of 13 television stations to
four separate buyers for $940 million. Doc Bodensteiner, Brook A.
Edinger, Jessica N. Rosenthal and J. Ladd Johnson of WRF's Business
& Finance Practice Group served as transactional counsel, John
E. Fiorini III of the firm's Media Group served as FCC regulatory
counsel, and John B. Wyss of the Antitrust Practice Group served as
antitrust counsel. The transactions include the sale of: * Four
stations in Portland, Oregon, Honolulu, Hawaii and Topeka and
Wichita, Kansas to an affiliate of the Blackstone Group for $259
million, announced September 29, 2005 * Five stations in Mobile,
Alabama, Pensacola, Florida, Terre Haute, Indiana, Green Bay,
Wisconsin and Albuquerque, New Mexico to LIN TV Corp. (NYSE:TVL)
for $260 million, announced August 22, 2005 * Three stations in
Fort Myers, Florida, Omaha, Nebraska and Tucson, Arizona to Journal
Communications (NYSE:JRN) for $235 million, announced August 22,
2005 * One station in Charleston, West Virginia to Gray Television
(NYSE: GTN; GTN.A) for $186 million, announced August 22, 2005 WRF
is also advising Emmis in its evaluation of alternatives for its
three remaining television stations. Each transaction is subject to
regulatory approval and customary conditions. Founded in 1983,
Wiley Rein & Fielding LLP counsels leaders in numerous
industries nationwide and around the world. Recognized for
excellence, integrity and efficiency, we have over 250 attorneys
practicing in more than two dozen specialties of law. To find out
more about our capabilities, please visit the firm's website at
http://www.wrf.com/. CONTACT: Doc Bodensteiner, +1-202-719-4296, or
Brook Edinger, +1-202-719-7279, both of Wiley Rein & Fielding
LLP DATASOURCE: Wiley Rein & Fielding LLP CONTACT: Doc
Bodensteiner, +1-202-719-4296, or Brook Edinger, +1-202-719-7279,
both of Wiley Rein & Fielding LLP Web site: http://www.wrf.com/
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