Media and Advertising

Cleary Gottlieb represents many of the biggest innovators in television, radio, print journalism, publishing, advertising, public relations and marketing businesses around the world. We frequently handle high profile M&A and joint venture, capital markets and antitrust matters.


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Practice Highlights

Selected Experience

  • Counsel to Google in its acquisitions of AdMob, ITA Software, Admeld and other corporate law matters. The AdMob acquisition was named one of TIME magazine’s “Top Ten Best Business Deals of the Year.”

  • Counsel to Sony Corporation of America in the EU and international antitrust aspects of its $2.2 billion acquisition of EMI Music Publishing.

  • Counsel to the Truvo Group, the European directories business, in its pre-negotiated Chapter 11 restructuring of $1.9 billion in cross-border debt.

  • Counsel to Goldman Sachs as financial advisor to Thomson Reuters in the unification of Thomson Reuters’ dual listed company structure.

  • Counsel to Banco Inbursa, S.A., Institucion de Banca Múltiple, Grupo Financiero Inbursa and Inmobiliaria Carso, S.A. de C.V. in a $250 million financing of The New York Times Company.

  • Counsel to TPG in its acquisition of a 35% non-controlling interest in Creative Artists Agency, LLC, an entertainment and sports agency. 

  • Counsel to The Raine Group in its investment in Vice Holding, the parent company of Vice Magazine and related subsidiaries. 

  • Counsel to SKY Italia in an ICC arbitration against RTI – Reti Televisive Italiane (a subsidiary of Mediaset) claiming damages for breach of the commitments to the European Commission offered by News Corporation in connection with its acquisition of sole control of Telepiù and its subsequent merger with Stream. Also counsel to SKY Italia in obtaining dismissal of interim proceedings for alleged infringements by Lega Calcio of antitrust and regulatory rules concerning the licensing of rights to broadcast soccer matches of the Serie A and Serie B leagues, and in the related investigation by the Italian Antitrust Authority.

  • Counsel to Sony and SONY BMG in a landmark case before the European Court of Justice, setting aside a judgment of the Court of First Instance that had annulled a 2004 decision of the European Commission approving the formation of the SONY BMG recorded music joint venture.

  • Counsel to Publicis Groupe S.A., the French advertising group, in its $530 million acquisition of Razorfish, the digital advertising agency, from Microsoft Corp.

  • Counsel to Goldman Sachs as financial advisor to Dow Jones in its $5.6 billion acquisition by News Corporation.

  • Counsel to TPG in $13.5 billion acquisition of Spanish language media company Univision Communications as part of an investment consortium and its €3.31 billion acquisition of TDF S.A.

  • Counsel to Citigroup as arranger of the financing for Terra Firma Capital Partners’ £3.2 billion acquisition of EMI Group.

  • Counsel to SONY BMG in the successful closure of the European Commission’s investigation into the sale of music through Apple’s iTunes platform.

  • Counsel to RealNetworks, trade associations ECIS and SIIA, and a variety of other clients in the United States and the European Union in winning a landmark judgment before the European Court of First Instance in the Microsoft case.

  • Counsel to The Interpublic Group of Companies in numerous matters, including more than $11 billion in capital markets transactions, including equity and debt offerings, consent solicitations and shelf registrations, since 2003.