News

Baker & Hostetler LLP and The E.W. Scripps Company Win M&A Award

News / December 22, 2010
Receives Middle-Market Deal of the Year Recognition

CLEVELAND, OH, Dec. 22, 2010—The E.W. Scripps Company, a diverse media concern with interests in newspaper publishing, broadcast television stations, and licensing and syndication, and its lead legal counsel Baker & Hostetler LLP, received the “Middle-Market Deal of the Year (From $100mm to $250mm)” at the 9th annual M&A Advisor Awards Gala held in New York.

The award was for the sale of Character Licensing, a wholly-owned subsidiary of Scripps responsible for the licensing of the Peanuts characters, along with Dilbert, Fancy Nancy and others, to the Iconix Brand Group and family members of the late Charles Schulz. The deal was also a finalist in the “Media, Entertainment or Telecom ($500mm and less)” category.

“We are honored to receive this prestigious award on behalf of everyone who worked to make this deal such a success,” said William Appleton, senior vice president and general counsel of The E.W. Scripps Company. “This transaction was a true win for both companies and the members of the Schulz family.”

“The competitive nature of this transaction, along with the aggressive timeline, posed significant challenges to completing the deal. Being recognized by the M&A Advisor, a prominent industry organization, underscores the increased profile of our global M&A practice, in particular in advising on middle-market transactions,” said Steven Goldberg, partner and co-chairman of Baker Hostetler’s Transactions Practice Team.

The 9th annual M&A Advisor Awards Gala honored excellence in deal making for transactions that closed between September 2009 and August 2010 and had a value of more than $10 million. The M&A Advisor Awards and Summit is the original and premiere event that brings together over 400 of the leading M&A dealmakers, deal team members and key service providers in an exclusive gathering.

About Scripps
The E.W. Scripps Company (http://www.scripps.com/) is a diverse, 132-year-old media enterprise with interests in television stations, newspapers, local news and information Web sites, and the syndication of news features and comics.

About Baker Hostetler
Founded more than 90 years ago in 1916, Baker Hostetler is among the nation’s 100 largest law firms with nearly 700 attorneys coast to coast. The firm has offices in Chicago, Cincinnati, Cleveland, Columbus, Costa Mesa, Denver, Houston, Los Angeles, New York, Orlando and Washington, D.C. Its five primary practice groups are Business, Employment, Intellectual Property, Litigation and Tax. For more information, visit www.bakerlaw.com.

Contact: Laura Scharf
216.861.6616
lscharf@bakerlaw.com

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