Here is the MiBiz Growth Report for April 30, 2018.
• M&A: New York City-based Standard Media Group LLC, a new investor-backed media company, has entered into a definitive agreement with Sinclair Broadcast Group Inc. of Hunt Valley, Md. to acquire Grand Rapids-based Fox 17 WXMI and eight other stations around the country. The $441.7 million cash deal would create a new media company affiliated with Standard General LP, an SEC-registered investment adviser that manages capital for public and private pension plans, endowments, foundations, and high net worth individuals. The deal, which is subject to regulatory approval, is expected to close in conjunction with the Sinclair-Tribune transaction. As MiBiz previously reported, Sinclair is trying to appease government regulators in a bid to finalize its $3.9 billion acquisition of Chicago-based Tribune Media Co., which currently owns Fox 17.
Public relations and investor relations firm Lambert, Edwards & Associates Inc. has acquired Owen Blicksilver Public Relations Inc. of New York City.
GRAND RAPIDS — A lawsuit filed in late October by Grand Rapids-based public relations and investor relations firm Lambert, Edwards & Associates Inc. alleges that a former executive repeatedly breached his employment contract.
As they worry about talent and uncertainty, executives from a cross-section of industries voiced optimism in the pro-business policies pushed by President-elect Donald Trump.
Flint Community Schools has selected a Grand Rapids-based public relations firm as its agency of record.