Tuesday, September 4, 2012

Report: Dick Clark Productions Sold


A consortium of private equity firm Guggenheim Partners, Mandalay Entertainment and Mosaic Media Investment Partners have struck a deal to acquire Dick Clark Productions, a small production company whose specialty is primarily awards shows.

Joe Flint at the LA Times reports while neither buyer nor seller would disclose the purchase price, people familiar with the transacwion said the company was sold for between $370 million and $385 million. Either figure is more than double what current owner RedZone Capital Management paid for DCP in 2007. RedZone is the private equity firm controlled by Washington Redskins owner Dan Snyder.

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