- Category
- Announcements
- Date
- Aug. 13, 2010
- Title
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Kramer Levin Represents MSD Capital in Townsquare Media's Acquisition of Gap Radio Broadcasting
Kramer Levin represented MSD Capital in connection with the acquisition of Gap Radio Broadcasting (owner and operator of 111 radio stations in 23 US markets) by Townsquare Media on August 13. MSD Capital owned 50% of Gap Radio. Townsquare, formerly known as Regent Communications, emerged from bankruptcy protection on April 27, 2010, less than two months after its initial Chapter 11 filing.
Townsquare is a radio broadcasting and digital content company focused on acquiring, developing and operating radio and digital properties in mid-sized markets. The combined company now owns 171 radio stations and associated digital assets in 36 markets with geographic concentration in the Northeast, Midwest, Southwest and Mountain West, making it the fourth largest owner of radio stations in the US.
Prior to the Townsquare acquisition, Kramer Levin represented MSD Capital in connection with MSD Capital’s acquisition of its 50% equity stake in Gap Radio. The Kramer Levin team consisted of Corporate partner Ernest S. Wechsler, Tax partner Barry Herzog, Banking and Finance partner David J. Fisher and Corporate associate Seth R. Merl.
Related People
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Ernest S. Wechsler
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- Partner
- Chair, Corporate
- New York
- vcard
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Barry Herzog
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- Partner
- Chair, Tax
- New York
- vcard
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David J. Fisher
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- Partner
- New York
- vcard
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