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Meredith and Media General Announce $2.4 Billion Merger

Washington, DC – September 10, 2015 – Cooley is serving as M&A and regulatory counsel to Meredith Corp. on its merger with Media General for $2.4 billion in cash and stock. The transaction is being cited as the largest television broadcasting deal of the year.

The acquisition combines Media General's television broadcasting and digital media assets with Meredith's television assets and national media brands, such as Better Homes and Gardens, Allrecipes, Parents and Shape. The merged company will own or operate 88 stations in 54 markets, making it the third largest television broadcast group in the country.

"Cooley is a leader in advising media companies through high-stakes transactions," said John Zieser, Chief Development Officer and General Counsel of Meredith. "They have been an invaluable partner over the years as we have grown our local media group."

The team advising Meredith includes partners Kevin Mills and Michael Basile plus Cooley's M&A head Barbara Borden; special counsel John Logan, Thomas Twedt and Parker Erkmann; and associates Aaron Binstock, Alex Weaver, Derek Teslik and Henry Wendel. 
 
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Related Contacts
Barbara Borden  Partner San Diego
Kathleen Goodhart  Partner San Francisco
David Walsh  Partner Reston
Lesse Castleberry  Senior Counsel New York
Aaron Binstock  Partner Washington, DC
Alex Weaver  Associate Washington, DC
Henry Wendel  Special Counsel Washington, DC
Kevin Mills  Senior Counsel Washington, DC
John Logan  Special Counsel Washington, DC
Parker Erkmann  Special Counsel Washington, DC
Michael Basile  Partner Washington, DC
Stephanie Gentile  Partner New York