(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.