Updated Detroit Legal News Publishing, LLC (DLNP) Operating Agreement
As previously announced on December 1, 2020, DLNP purchased and redeemed the membership interest of BridgeTower Media DLN, LLC f/k/a Dolan DLN LLC (“Gannett/Bridge/Tower”)on November 30, 2020. After the redemption, DLNP owns 84.62% of DLNP and Legal Press, LLC owns the remaining 15.38%. The two parties then began negotiating a revised operating agreement reflecting the redemption of Gannett/BridgeTower’s ownership. This revised agreement was executed by those parties on February 25, 2021.