Media & Telecommunications
Key Contacts
Managing Director /Denver
Steven Cramer
Education
Mr. Cramer holds a MBA from Harvard Business School and BA with distinction from Stanford University.
Years of Experience
25Career Highlights
Prior to joining GLC, Mr. Cramer was a Managing Director in the Technology, Media and Telecom group at Houlihan Lokey, where he led the casino gaming practice. Previously, Mr. Cramer was a Managing Director at Imperial Capital where he covered the gaming, leisure and entertainment sectors. Mr. Cramer’ s prior experience includes investment banking roles at DLJ, Credit Suisse and Morgan Stanley.
Bio
Mr. Cramer brings more than 25 years of experience advising companies, founders, entrepreneurs and financial sponsors in the technology, media and entertainment, and hospitality sectors on a broad range of transactions including mergers, acquisitions, divestitures and debt and equity financings.
Mr. Cramer’s expertise includes media and entertainment content and distribution, casino gaming, convenience and route-based gaming, igaming and online sports betting, and gaming and hospitality software and services.
Managing Director /New York
Michael J. Sellinger
Education
Mr. Sellinger holds a BBA from the Stephen M. Ross School of Business at the University of Michigan, where he graduated with High Distinction.
Mr. Sellinger has successfully completed the following FINRA Qualification Examinations: Series 7, 24, 50, 63 and 79.
Career Highlights
Michael Sellinger joined GLC in 2009 and has worked on numerous in-court and out-of-court restructurings involving issuers from a range of industries. Mr. Sellinger’s recent experience includes representing creditors in the restructurings of Alpha Media, Guitar Center, iHeart Communications, McClatchy, Sandvine (n/ka/ AppLogic Networks), Tacora Resources and Toys ‘R’ Us.
Mr. Sellinger has worked on a variety of corporate gaming transactions at GLC including those involving Borgata, Boyd Gaming, Caesars, Delaware Park, Majestic Star, and Station Casinos. In addition, having worked on Foxwoods and numerous other Native American casino transactions, he has successfully led GLC’s effort to create the dominant restructuring practice in tribal gaming.
Mr. Sellinger was previously a Director in UBS’s Restructuring and Growth Capital Groups in San Francisco, where he focused on the restructuring of distressed securities as well as the new issuance of bank loans and high yield bonds.
Prior to joining UBS, Mr. Sellinger was an Associate in the Restructuring Group of Donaldson, Lufkin & Jenrette / Credit Suisse First Boston in San Francisco. He began his career as an Analyst in Investment Banking for DLJ in Los Angeles.
Bio
Mr. Sellinger currently serves on the Board of Directors of Alpha Media, a radio broadcasting company based in Portland, Oregon. He is also a Board Observer of Beasley Broadcast Group, a publicly traded multimedia company based in Naples, Florida, primarily known for owning and operating radio stations. Michael previously served as a Board Observer of Guitar Center at the request of certain creditors.
Managing Director /Los Angeles
Kent Savagian
Education
Mr. Savagian holds an MBA in Finance and Accounting from the UCLA Anderson School of Management and a BS in Economics from Brigham Young University. He is fluent in Spanish and holds FINRA Series 7, 24, and 63 licenses.
Years of Experience
35+Career Highlights
Mr. Savagian has advised on over $750 billion of strategic and financing transactions across film, television, music, publishing, and branded consumer content. His experience spans M&A, leveraged finance, investment-grade and high-yield debt, asset-backed securities, structured credit facilities, borrowing-base and receivables financings, and activist defense. He is widely recognized for his leadership in content-backed financing and for pioneering the use of structured credit and ABS solutions in the media and music sectors.
Mr. Savagian has advised leading media companies including The Walt Disney Company, Pixar, MGM, 21st Century Fox, Lionsgate, Sony, and Scripps Networks, as well as financial sponsors such as Leonard Green & Partners, Ares Management, ABRY Partners, and Oaktree Capital.
Prior to joining GLC Advisors, Mr. Savagian served as Vice Chairman of Global Investment Banking at RBC Capital Markets, where he led the firm’s entertainment, content, and music coverage and managed the Los Angeles office. Earlier, he was a Partner at Moelis & Company, advising on more than $50 billion of transactions and serving on the firm’s Fairness and Valuation Committee. He began his career at Credit Suisse First Boston and Donaldson, Lufkin & Jenrette, where he ultimately served as Group Head of the Los Angeles office.
Bio
Kent Savagian is a Managing Director in GLC Advisors’ Global Restructuring practice, based in Los Angeles. He has more than 35 years of experience advising media and entertainment, content, and consumer-facing companies on mergers and acquisitions, restructurings, and complex capital markets transactions.
Education
Mr. Savagian holds an MBA in Finance and Accounting from the UCLA Anderson School of Management and a BS in Economics from Brigham Young University. He is fluent in Spanish and holds FINRA Series 7, 24, and 63 licenses.
Education
Mr. Cramer holds a MBA from Harvard Business School and BA with distinction from Stanford University.
Years of Experience
25Career Highlights
Prior to joining GLC, Mr. Cramer was a Managing Director in the Technology, Media and Telecom group at Houlihan Lokey, where he led the casino gaming practice. Previously, Mr. Cramer was a Managing Director at Imperial Capital where he covered the gaming, leisure and entertainment sectors. Mr. Cramer’ s prior experience includes investment banking roles at DLJ, Credit Suisse and Morgan Stanley.
Bio
Mr. Cramer brings more than 25 years of experience advising companies, founders, entrepreneurs and financial sponsors in the technology, media and entertainment, and hospitality sectors on a broad range of transactions including mergers, acquisitions, divestitures and debt and equity financings.
Mr. Cramer’s expertise includes media and entertainment content and distribution, casino gaming, convenience and route-based gaming, igaming and online sports betting, and gaming and hospitality software and services.
Education
Mr. Savagian holds an MBA in Finance and Accounting from the UCLA Anderson School of Management and a BS in Economics from Brigham Young University. He is fluent in Spanish and holds FINRA Series 7, 24, and 63 licenses.
Education
Mr. Sellinger holds a BBA from the Stephen M. Ross School of Business at the University of Michigan, where he graduated with High Distinction.
Mr. Sellinger has successfully completed the following FINRA Qualification Examinations: Series 7, 24, 50, 63 and 79.
Career Highlights
Michael Sellinger joined GLC in 2009 and has worked on numerous in-court and out-of-court restructurings involving issuers from a range of industries. Mr. Sellinger’s recent experience includes representing creditors in the restructurings of Alpha Media, Guitar Center, iHeart Communications, McClatchy, Sandvine (n/ka/ AppLogic Networks), Tacora Resources and Toys ‘R’ Us.
Mr. Sellinger has worked on a variety of corporate gaming transactions at GLC including those involving Borgata, Boyd Gaming, Caesars, Delaware Park, Majestic Star, and Station Casinos. In addition, having worked on Foxwoods and numerous other Native American casino transactions, he has successfully led GLC’s effort to create the dominant restructuring practice in tribal gaming.
Mr. Sellinger was previously a Director in UBS’s Restructuring and Growth Capital Groups in San Francisco, where he focused on the restructuring of distressed securities as well as the new issuance of bank loans and high yield bonds.
Prior to joining UBS, Mr. Sellinger was an Associate in the Restructuring Group of Donaldson, Lufkin & Jenrette / Credit Suisse First Boston in San Francisco. He began his career as an Analyst in Investment Banking for DLJ in Los Angeles.
Bio
Mr. Sellinger currently serves on the Board of Directors of Alpha Media, a radio broadcasting company based in Portland, Oregon. He is also a Board Observer of Beasley Broadcast Group, a publicly traded multimedia company based in Naples, Florida, primarily known for owning and operating radio stations. Michael previously served as a Board Observer of Guitar Center at the request of certain creditors.
Education
Mr. Savagian holds an MBA in Finance and Accounting from the UCLA Anderson School of Management and a BS in Economics from Brigham Young University. He is fluent in Spanish and holds FINRA Series 7, 24, and 63 licenses.
Education
Mr. Savagian holds an MBA in Finance and Accounting from the UCLA Anderson School of Management and a BS in Economics from Brigham Young University. He is fluent in Spanish and holds FINRA Series 7, 24, and 63 licenses.
Years of Experience
35+Career Highlights
Mr. Savagian has advised on over $750 billion of strategic and financing transactions across film, television, music, publishing, and branded consumer content. His experience spans M&A, leveraged finance, investment-grade and high-yield debt, asset-backed securities, structured credit facilities, borrowing-base and receivables financings, and activist defense. He is widely recognized for his leadership in content-backed financing and for pioneering the use of structured credit and ABS solutions in the media and music sectors.
Mr. Savagian has advised leading media companies including The Walt Disney Company, Pixar, MGM, 21st Century Fox, Lionsgate, Sony, and Scripps Networks, as well as financial sponsors such as Leonard Green & Partners, Ares Management, ABRY Partners, and Oaktree Capital.
Prior to joining GLC Advisors, Mr. Savagian served as Vice Chairman of Global Investment Banking at RBC Capital Markets, where he led the firm’s entertainment, content, and music coverage and managed the Los Angeles office. Earlier, he was a Partner at Moelis & Company, advising on more than $50 billion of transactions and serving on the firm’s Fairness and Valuation Committee. He began his career at Credit Suisse First Boston and Donaldson, Lufkin & Jenrette, where he ultimately served as Group Head of the Los Angeles office.
Bio
Kent Savagian is a Managing Director in GLC Advisors’ Global Restructuring practice, based in Los Angeles. He has more than 35 years of experience advising media and entertainment, content, and consumer-facing companies on mergers and acquisitions, restructurings, and complex capital markets transactions.
Service Overview
GLC provides senior-level advice, deep domain expertise and value maximizing transaction execution across the Media and Telecom industries. Our team has decades of experience advising founders, companies, creditors, and financial sponsors on debt and equity financings, strategic investments, M&A, and restructurings.
GLC’s industry expertise ranges from emerging technologies in entertainment and telecommunications to disrupted industries such as newspapers and radio broadcasting.
Post-restructuring, Michael Sellinger was appointed to and currently serves on the Board of Directors of Alpha Media, the largest privately held radio broadcast company in the United States.
Media & Telecommunications
Industry Sectors
- Entertainment Services
- Content Production and Licensing
- Filmed Entertainment
- Out-of-Home Entertainment
- Multichannel and OTT Television
- Television and Radio Broadcasting
- Print Media
- Telecom Infrastructure and Services
- Spectrum
Recent Transactions
Advisor to Ad Hoc Group of Creditors on $270 million Chapter 11 Reorganization
$95 million DIP Financing and $100 million Term Loan
Advisor to Ad Hoc Junior Guarantee Bondholder Committee on $22 billion Chapter 11 Reorganization
Advisor to First Lien Noteholders on $700 million Restructuring
Advisor to Sprint on Chapter 11 asset sale
Our firm is built on providing a strong culture of collegial teamwork, designed to directly benefit our clients. Our professionals bring vast advisory experience from leading Wall Street firms. Our team has an unparalleled track record of providing exceptional results for our clients.
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