Develops Strategic Partnership with Shamrock Capital
JEFFERSON CITY, Mo. - (Dec. 5, 2011) – Learfield Communications, Inc. announced the closing of a strategic investment by Shamrock Capital Growth FundIII today, a key component in the company’s growth plans. Learfield senior management, led by President and CEO Greg Brown, will continue managing daily business operations, and Founder Clyde Lear will continue to serve as a minority shareholder.

"We are extremely excited to partner with Learfield Communications as the company enters this exciting period of growth," said Shamrock Partner Will Wynperle.  "The company has a nearly forty year history in the college sports industry and is a trusted partner to some of the most storied and beloved programs in the country. We at Shamrock look forward to working with the Learfield management team to further grow their business and build upon their great brand.”

Learfield, founded in 1972, manages the athletic multimedia rights for more than 50 collegiate institutions and associations through its Learfield Sports operating unit. The company represents some of the biggest names in college sports, with long-term relationships within the major collegiate conferences. It also titles the acclaimed Learfield Sports Directors’ Cup, co-founded by NACDA and USA Today and awarded annually to the top collegiate athletic departments....