BNR congratulates its client, United States Traffic Network, on its newly formed partnership with Entercom Communications Corp.
New York - May 2018
Berlandi Nussbaum & Reitzas LLP (“BNR”) congratulates its client, United States Traffic Network (“USTN”) on its new partnership with Entercom Communications Corp. (NYSE: ETM), one of the country’s two largest radio broadcasters.
USTN, headquartered in Malvern, PA, is the leading independent provider of broadcast traffic solutions in the United States. With expertise in collecting and disseminating traffic information in audio and video formats, USTN’s products are used by more than 1,100 television and radio stations USTN’s traffic solutions and in-house traffic gathering staff analyze real-time data from more than one hundred sources including road sensors, traffic cameras, and official accident and incident reports to help viewers save time, fuel, and frustration every day. More about USTN can be found at: www.ustrafficnetwork.com
BNR served as counsel to USTN during its management-led buyout in March 2018 that transitioned ownership of USTN from an international, publicly-traded ownership to a private U.S.-based company. This most recent transaction includes an equity position for Entercom in USTN.
“We are thrilled for USTN about this latest transaction,” stated partner, Joshua Reitzas. “With Entercom by its side, USTN will continue to be an even stronger leader in the broadcast traffic industry.”
A recent press release regarding the transaction can be found at:
Also providing counsel to USTN was BNR partner Brian Berlandi. “This is a win-win situation for all parties.”
“BNR was great to work with,” stated USTN CEO Ivan Shulman. “Josh and Brian took the time to learn about our business, our potential clients’ needs, and worked them into a longer-term agreement that benefited USTN. I would highly recommend them to anyone looking for competent, efficient, and spot on legal advice”.