WRNN-TV Associates Limited Partnership entered into an asset purchase agreement to acquire Substantially All of the Assets of iMedia Brands, Inc. for approximately $50 million on July 3, 2023. The transaction us subject to bankruptcy court approval and expected to close in August 2023. Ryan Preston Dahl, C. Michael Roh and Cristine Pirro Schwarzman of Ropes & Gray LLP and Pachulski Stang Ziehl & Jones LLP are serving as legal counsel, Lincoln International LLC is serving as investment banker, Huron Consulting Group is serving as financial advisor, and C Street Advisory Group is serving as strategy and communications advisor to the Company.

Philip Richter and Jennifer Rodburg of Fried, Frank, Harris, Shriver & Jacobson LLP and Morris, Nichols, Arsht & Tunnell LLP are serving as legal counsel to RNN.