Transactions handled by Broadwater & Associates professionals

Newspaper Publishing

Financial advisory services to Gannett Co., Inc. in connection with the termination of their Tucson (AZ) Joint Operating Agreement with Lee Enterprises, Incorporated

Financial advisory services to The Hearst Corporation in connection with the termination of their Seattle (WA) Joint Operating Agreement with The Seattle Times Company

Financial advisory services to E. W. Scripps Company in connection with the termination of their Denver (CO) Joint Operating Agreement with The Denver Post Corporation

Financial advisory services to E. W. Scripps Company in connection with the termination of their Albuquerque (NM) Joint Operating Agreement with Journal Publishing Company

Financial advisory services to News Journal Corporation, publishers of the Daytona Beach News-Journal

Financial and strategic advisory services to Charleston Newspapers, publishers of the Charleston Gazette and Charleston Daily Mail

The sale of seven New York Times Company newspapers

Financial advisory services to E. W. Scripps Company in connection with the termination of their Birmingham (AL) Joint Operating Agreement

Valuation of The Denver Post Company on behalf of MediaNews Group and Media General, Inc.

Sale of Hemming's Motor News to American City Business Journals

Sale of Fox Valley Press, owned by The Copley Press, Inc., to Hollinger International Inc.

Acquisition of 45 newspapers from Hollinger International by Community Newspapers Holdings, Inc. (CNHI)

Sale of Stern Publishing, publisher of The Village Voice and other alternative newspapers

Acquisition of Thomson Corp.'s Arizona newspaper group by Freedom Communications

Sale of the San Francisco Examiner by Hearst Corporation

Exchange of Florida newspapers between Freedom Communications and E.W. Scripps Company

Sale of the California properties of trader.com (now Trader Classified Media)

Valuation of The New York Post in connection with the formation of an employee stock ownership plan

Sale of the US newspaper publishing operations of Independent Newspapers, Ltd.

Valuation and sale of a 50% interest in the Fredericksburg (VA) Free-Lance Star Publishing Company

Sale of Tri-State Publishing to K-III Communications (now Primedia)

Acquisition of the Chicago (IL) Sun-Times by American Publishing Company

IPO advisory services for American Publishing Company

Book Publishing

Sale of World Almanac Books, a subsidiary of The Reader's Digest Association and publisher of The World Almanac and Book of Facts, to Facts on File, Inc.

Sale of Watson-Guptill Publications, a division of The Nielsen Company, to Random House, Inc.

Sale of Sterling Publishing Company to Barnes & Noble

Acquisition of Accord Publishing Company by Andrews McMeel Publishing

Sale of Running Press Book Publishers to Perseus Books

Sale of The Orion Publishing Group Ltd. to Hachette LIvre

Financial advisory services to The Quarto Group, Ltd.

Financial and strategic advisory services to Macmillan, Ltd.

Educational & Professional Publishing

Sale of Gareth Stevens Publishing, a subsidiary of The Reader's Digest Association, to an affiliate of Rosen Publishing Group

Sale of Productivity Press to Taylor & Francis Group LLC

Sale of Saxon Publishers to Harcourt, Inc.

Sale of Transcender, LLC by Information Holdings, Inc. to Kaplan, Inc., a unit of The Washington Post Co.

Sale of the legal publishing assets of Garland Publishing.

Business Media, Communications and Information

Acquisition of Kirkus Reviews, a unit of Nielsen Business Media, by Calendar Holdings LLC and Herbert Simon

Sale of Canon Communications to Apprise Media

Acquisition of The Ziff-Davis Publishing Company by Forstmann, Little & Co.

Acquisition and financing of Canon Communications

Acquisition and associated financing of Hart Publications by Chemical Week Associates

Acquisition of Aurigin Systems by Information Holdings, Inc.

Sale of Extel Financial Services to Pearson Plc.

Sale of News Corporation's Travel Information Group to Reed International Plc.

Digital Media

Equity investment in Yahoo! Corporation by The Ziff-Davis Publishing Company

Equity investment in Imagebuilder Software by Tribune Company

Sale of Softbank Interactive Marketing

Equity investment in Legend Entertainment by Random House, Inc.

Equity financing for Adcom, Inc. by Arbitron & GE Capital

Consumer Magazine Publishing

Sale of the consumer magazine publishing division of The Nielsen Company, including American Artist, Watercolor, Drawing, Workshop and Highlights magazines, to Interweave Press, a unit of Aspire Media LLC.

Sale of Murdoch Magazines to K-III (now Primedia, Inc.)

Other

Sale of Bernan Associates, the leading distributor of US Government publications, to Rowman & Littlefield Publishing Group

Sale of Intercord Tongesellschaft mbH, the leading independent recorded music company in Germany, by Verlagsgruppe Georg von Holtzbrinck to EMI Plc.

Sale of Muzak LP to Centre Capital Investors LP

Sale of Comcast Sound Communications to Muzak LP