Prince Lobel Assists Radio Organizations with Upcoming Merger

Firm News · August 29, 2018

Earlier this month, two giants of public radio came together in an agreement to merge facilitated by Prince Lobel.  Public Radio International (PRI), an affiliate of WGBH that produces radio programming carried by over 700 public radio stations across the U.S., and Public Radio Exchange (PRX), one of the top podcast and public radio publishers in the country, and the producer and distributor of such favorites as “The Moth Radio Hour” and “This American Life,” will soon merge together into one entity.  Prince Lobel Corporate and Media Law attorneys are working on the transaction.  No money will change hands in the deal, but it will be an excellent opportunity for both organizations – PRX will gain a larger platform and PRI will benefit from PRX’s distribution, production, and licensing expertise, as well as from having their content transferred to the more modern podcast format.  Serge Béchade, a corporate and tax attorney who worked on the deal, noted that: “this merger should help bring public radio broadcasting into the next century.”  The first stage of the merger, which has been covered in both the Wall Street Journal and the Boston Business Journal, will close this Friday, August 31.