Paul Hastings LLP, a leading global law firm, announced today that it is advising Gannett Co., Inc., an international media and marketing solutions company, in connection with its merger with Belo Corp., a leading broadcast television company with twenty network-affiliated stations. The transaction is valued at approximately $2.2 billion and would make Gannett the fourth-largest owner of “Big 4” major television network affiliates in the country, reaching nearly one-third of U.S. households.
Media and M&A partner Eric Dodson Greenberg led the Paul Hastings team, which also included Michael P.A. Cohen, chair of the firm’s global Antitrust & Competition Practice; Michael Chernick, a partner in the firm’s leveraged finance and capital markets practice; and associate Matthew L. Gibson of the firm’s media and telecommunications practice.
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.