ATLANTA (May 7, 2012) – International law firm Locke Lord represents New Vision Media in its pending transaction to sell several of its award-winning local broadcast stations to LIN Television Corporation, a part of LIN Media. The approximately $330 million transaction, plus the assumption of certain debt, is expected to close by the end of this year and includes stations in eight U.S. markets that New Vision has owned and operated during its more than 20 years as a leader in the local television broadcast industry. (See New Vision release: http://www.prnewswire.com/news-releases/new-vision-television-announces-agreement-to-sell-broadcasting-group-to-lin-media-150399815.html)
Atlanta Partner Neil Dickson led the Locke Lord team advising New Vision leading up to the company’s May 7 announcement. Other Locke Lord lawyers on the team include: Partners Jeff Yost in Atlanta; Ken Simon and David Taylor in Houston; Sean Fifield, Larry Hansen and Steve Adelman in Chicago; Scott Moore in Los Angeles; and Associates Vita Zeltser and Ken Franklin in Atlanta; Jade Chien in Los Angeles; and Lindsey Grossman and Jenny Park in Houston.
New Vision is headquartered in Los Angeles and Atlanta. The transaction includes ABC, CBS, NBC, FOX, Telemundo, CW and MYTV affiliates in the following local markets: Honolulu, Hawaii; Portland, Oregon; Wichita and Topeka, Kansas; Mason City, Iowa; Birmingham, Alabama; Savannah, Georgia; and Youngstown, Ohio.
Locke Lord LLP consistently ranks among American Lawyer’s top 100 U.S. law firms. The Firm’s full range of practice and industry areas serve national and international clients from offices in Atlanta, Austin, Chicago, Dallas, Hong Kong, Houston, London, Los Angeles, New Orleans, New York, Sacramento, San Francisco and Washington, D.C. It has an excellent reputation in complex litigation, regulatory and transactional work, with its 650-plus lawyers building collaborative relationships and crafting creative solutions – all designed and executed to meet clients’ long-term strategic goals.