Kirkland Represents tronc in the Sale of the Los Angeles Times and The San Diego Union-Tribune

Kirkland advised tronc, Inc. (NASDAQ:TRNC), formerly known as Tribune Publishing, on its sale of Los Angeles Times, The San Diego Union-Tribune and various titles in the California News Group (the Portfolio) to Nant Capital, LLC, a private investment vehicle of California-based entrepreneur Dr. Patrick Soon-Shiong, for $500 million in cash plus the assumption of $90 million in pension liabilities. Completion of the transaction, which was announced on February 7, 2018, is subject to customary closing conditions. More information on the transaction is available in the tronc press release.

The Kirkland team was led by corporate partners Scott Falk, Sanford Perl and John Kupiec and associates Michelle Miao and Paul Pescovitz, tax partner Roger Lucas, employee benefits partner Robert Zitko, labor and employment partners Matthew Keiser and Bryan O’Keefe, intellectual property partner Matthew Lovell, environmental transactions partner Brian Land and associate Carleigh Rodriguez, and real estate partner Roberto Miceli.