Washington, DC. Nixon Peabody advised TEGNA Inc. (NYSE: TGNA) as the innovative media company enters into a definitive agreement to acquire Cooper Media’s multicast networks Justice Network and Quest for $77M in cash.
The acquisition of Justice Network and Quest will expand TEGNA’s market reach to more than 87 million homes in the U.S. and across the popular television categories of true-crime, mystery and investigation, and science, history and engineering respectively.
Justice Network and Quest are among the nation’s popular and fastest-growing multicast networks with ad-supported programming.
Nixon Peabody’s team was led by Securities team leader John Partigan and Corporate partner Dan McAvoy and included Corporate partner Brian J. Kopp and associates Maria Korjenevitch, Erensu Altan and Michael Haber; Intellectual Property partners Kristen Walsh and Elizabeth Baio; Labor and Employment counsel Todd Shinaman and associate Jeffrey League.
For further information on the financing and structure of the acquisition, please see the press release: TEGNA to Acquire Leading Multicast Networks Justice and Quest