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Third Quarter 2020 Earnings Conference Call
Thursday, November 05, 2020
5:00 PM ET

Mergers & Acquisitions

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Deal Overview

Buyer:
Punjabi American Media, LLC
Actual Acquirer:
Punjabi American Media, LLC
Target:
KCVR-AM
Deal Type:
Media & Entertainment
Agreement Date:
6/11/2020
Announcement Date:
6/16/2020
Announced Deal Value ($ M):
0.25
Status:
Pending
Completion Date:
NA

Consideration Breakout
Cash ($M) 0.3

Deal Terms
Description of Consideration

Punjabi American Media LLC will pay $250,000 in cash including $12,500 as an escrow deposit to acquire KCVR-AM from Entravision Communications Corp.

Accounting Method Acquisition
Merger of Equals? No
Minimum Termination Fee ($ 000) 0
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer NA NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Law Office of Dennis J. Kelly
Seller Yes Thompson Hine LLP