WSGR Represents Clear Channel in Separation from iHeartMedia

On May 1, 2019, Clear Channel Outdoor Holdings, the international advertising company, and iHeartMedia, the broadcasting company, announced that, in connection with iHeart's emergence from its Chapter 11 restructuring, Clear Channel has separated from iHeart and will continue operations as a standalone public company. iHeart previously held an approximately 89% stake in Clear Channel. Wilson Sonsini Goodrich & Rosati advised Clear Channel on the separation and other matters relating to iHeart's restructuring. WSGR also has represented Clear Channel in related litigation matters in the Delaware Court of Chancery and Delaware Supreme Court.

The WSGR team advising Clear Channel includes the following:

Corporate and M&A:
Brad Finkelstein
Mike Labriola
Melissa Rick
Angela Chen

Restructuring:
Ben Hoch
Marsha Sukach
Melissa Seigel

Delaware Law and Governance:
William B. Chandler III
Amy Simmerman
Ryan Greecher
Angie Flaherty
Brian Currie

Tax:
Eileen Marshall
Derek Wallace

Employee Benefits & Compensation:
John Aguirre
Jessica Bliss

Technology Transactions:
Jamie Clessuras
Khurram Awan

Real Estate:
Susan Reinstra
Lee Cumberland
Sierra Bunnell

Data Privacy:
Matt Staples
Lore Leitner

Litigation:
Brad Sorrels
Shannon German
Lori Will
Andrew Berni

For further details, please see Clear Channel's press release.