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.
