In the News

Dykema Team Assists Revolution Capital Group in its Acquisition of The Tampa Tribune

$9.5 Million Deal Brings Print, Digital Platforms to Newly Formed Affiliate

October 12, 2012

A multi-discipline team of Dykema attorneys and legal specialists, led by Tom Cleary (Member, Corporate Finance) helped Tampa Media Group—a newly formed affiliate of Revolution Capital Group—complete its successful acquisition of the assets of The Tampa Tribune and its related media properties from Media General. Among these other properties: (a website that provides local news coverage in two major Florida counties), Hernando Today, Highlands Today and twelve other community newspapers, and The Tampa Tribune’s 260,000 square foot headquarters in downtown Tampa.

Cleary was assisted by Jeanne Moloney (Associate, Corporate Finance), Laura Worsinger (Senior Counsel, Labor and Employment), Meg Hunter (Member, Employee Benefits), Jason Grinnell (Senior Counsel, Real Estate) and Anna Kamps (Legal Specialist).

This transaction marks Revolution Capital Group’s fourth acquisition, and is the third in which Revolution has engaged Dykema attorneys as its legal counsel. Revolution Capital Group will manage these holdings through its affiliate, Tampa Media Group.

The Tampa Tribune is one of Florida’s oldest and most prestigious newspapers, with a present daily readership of 408,000 (644,000 on Sundays). Founded in 1884, the publication earned a Pulitzer Prize for local investigative specialized reporting, and pioneered one of the region’s first media internet websites in 1994. Today, that website——attracts more than 14 million page views each month.