Closing A Broadcast Transaction: Avoiding The Nightmare

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Noted attorney Erwin Krasnow of Garvey Schubert Barer and Doug Ferber of DEFcom Advisors have written a series of nuts-and-bolts articles exclusively for RBR+TVBR over the years on what can go wrong at the closing and how to ensure that the closing is completed on the scheduled date.
As the 2023 NAB Show concludes, Ferber, today with Tieline, and Krasnow, now retired, remain widely remembered by brokers, attorneys and executives in attendance at the Las Vegas conference for their contributions.
In recognition of their past efforts, we are pleased to present this classic Media Information Bureau column penned by Krasnow and Ferber from May 29, 2019. They discuss how to make the closing of a broadcast deal less stressful. They provide practical suggestions on avoiding events and issues that may result in the rescheduling of the closing, or worse, terminating the transaction.
This article focuses on maximizing the use of technology, and identifying long lead-time documents and actions that warrant special attention.

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