NEW YORK — Dick Clark Productions, which produces TV programs including ‘‘New Year’s Rockin’ Eve’’ and the Golden Globe Awards, is being sold to a group including investment firm Guggenheim Partners. Financial terms were not disclosed.
Selling Dick Clark Productions is private equity firm RedZone Capital Management, owned by Washington Redskins owner Dan Snyder. RedZone bought the firm in 2007 for $175 million. Along with Guggenheim, other buyers include Mandalay Entertainment, whose chief executive Peter Guber is a film producer and also co-owner of the Golden State Warriors basketball team, and Mosaic Media Investment Partners. Mosaic was part of a consortium that took Dick Clark Productions private in 2002.
Dick Clark Productions went public in 1987 and grew into a large business. When Clark suffered a stroke in 2004, his role at the company was reduced. When RedZone purchased it in 2007, the TV icon continued to host the New Year’s Eve show.