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.
About Cooley LLP
Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.
Cooley has 850 lawyers across 12 offices in the United States, China and Europe.