American Media Inc., publisher of The National Enquirer, Star, OK!, and Radar Online, has acquired celebrity-centric Us Weekly from Wenner Media.
AMI touted its glossy new addition as “a cultural reference point that provides the most timely and current entertainment and lifestyle news through the lens of celebrity to a total audience of more than 50 million young and affluent consumers.”
The Cole Schotz team included Alan Rubin, Roger Iorio, Chris Kula, Rimma Tsvasman, Joseph Armenti, David Rubenstein, Randi Kochman, Arianna Christopher, Neoma Ayala, and Arnold Picinich. The team provided counsel to the purchaser on all aspects of the acquisition, including the bidding process, the negotiation of the asset purchase agreement and related agreements, due diligence matters, and Hart-Scott-Rodino filings with federal regulators in conjunction with anti-trust co-counsel Ropes and Gray. In addition to corporate work, the transaction featured a significant intellectual property component in connection with conveying the copyrights and trademarks of the brand and related print and digital assets, as well as real estate license agreements for the use of US Weekly space in connection with the transition services agreement, and employment-related matters.
Methuselah Advisors acted as financial adviser to Wenner Media and Skadden, Arps, Slate, Meagher & Flom acted as its legal counsel.
The materials on this site have been prepared by Cole Schotz P.C. for general informational purposes only and are not intended to constitute legal advice. Viewers should not act upon this information without seeking professional counsel on the specific facts and circumstances in question from an attorney licensed in their jurisdiction. Use of this site does not create an attorney-client relationship between the user and Cole Schotz or any lawyer(s) within the firm. Any information sent to Cole Schotz or its lawyers through this site will not be treated as confidential and is not protected by the attorney-client privilege.
© Cole Schotz P.C.
This website is an advertisement for a law firm. Statements and previous outcomes do not imply similar results in your matters.
© Cole Schotz P.C.
For Important Legal Updates and Resources on the Coronavirus Click Here.