Dick Clark Productions — which licenses and produces, among others, The Academy of Country Music Awards — will be sold to a consortium of private equity firm Guggenheim Partners, Mandalay Entertainment and Mosaic Media Investment Partners, the Los Angeles Times reports. 

Based in Santa Monica, Calif., DCP has various Nashville connections, once having worked, for example, with Copyright Management Internatioinal regarding the closing theme for American Bandstand during the popular show's 1986-87 season.

Read the full L.A. Times story here.