28 May 2010 – LawFuel.com – Davis Polk & Wardwell LLP is advising the Committee of Disinterested Directors of Emmis Communications Corporation in connection with a definitive merger agreement which will result in Emmis being taken private by JS Acquisition, LLC, a company formed by its chairman and CEO, Jeffrey H. Smulyan. The financing for the transaction will be provided by an affiliate of Alden Global Capital, a private asset management company with over $3 billion under management.
Emmis Communications Corporation is a diversified media company, principally focused on radio broadcasting. Emmis operates the 8th-largest publicly traded radio portfolio in the United States based on total listeners.
The Davis Polk corporate team includes partner John J. McCarthy Jr., associates Ashleigh S. Kyle and Adam J. Ross and summer associate Jesse Kramer. The litigation team includes partners Dennis E. Glazer and Amelia T.R. Starr and associate Edward N. Moss. All members of the Davis Polk team are based in the New York office.