Archive for the 'Mergers & Acquisitions' Category

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Creditors Get Philly For $139 Million

Published 04/29/2010 Mergers & Acquisitions , Uncategorized Leave a Comment

By Christopher K. Hepp and Harold Brubaker for Philly.com

NEW YORK – A bitter 15-month battle for ownership of the city’s two daily newspapers ended Wednesday when Philadelphia Newspapers L.L.C. lost a marathon bankruptcy auction to its senior creditors.

The media company, owner of The Inquirer, the Philadelphia Daily News, and Philly.com, was bought by its largest debtholders to conclude a tense, coffee-fueled, 29-hour bidding process at a law firm in midtown Manhattan. The price was $139 million. Read more

Hearst Close To Buying Digital Marketing Company iCrossing For $375 Million

Published 04/22/2010 Mergers & Acquisitions Leave a Comment

By Gillian Reagan for Business Insider.com

Hearst Corp. is inching closer to buying digital marketing company iCrossing for about $375 million, the Wall Street Journal reports.

iCrossing, one of the U.S.’s largest independent digital marketing companies in the United States, helps clients including Travelocity and Coca-Cola promote their products on the web through interactive campaigns and cellphone apps.

read more

News Corp Looking To Sell Fox Audience Network, But How?

Published 03/25/2010 Advertising Management , Mergers & Acquisitions Leave a Comment

By Rafat Ali for PaidContent.Org

News Corp (NYSE: NWS) has been mulling selling off part or all of prized revenue-making digital ad unit Fox Audience Network for a long time now, and it is finally making the move, we have confirmed. The company has gone around the block with this idea for almost 8-10 months, our sources say, mainly because of the complications in separating the online ad network from MySpace and other properties; News Corp.‘s digital properties are the biggest component of FAN’s network, and selling it off (or even an IPO, a possibility that has also been mulled internally, but shelved later) would put a majority of MySpace ad network revenues in the hands of a third-party owner. One senior source I spoke to last week put it thusly: “it is like Google (NSDQ: GOOG) selling off AdWords.” The news was first published 30 minutes ago by Techcrunch.  read more

What Drove Yahoo’s Purchase Of Citizen Sports

Published 03/18/2010 Mergers & Acquisitions Leave a Comment

To buy or to build? That’s the question that drove Yahoo’s decision to buy social sports startup Citizen Sports, which owns a series of sports-related apps on the iPhone and on Facebook, according to Yahoo (NSDQ: YHOO) media head James Pitaro. “When we really sat down and looked at what we were doing in the social space and where we were trying to get, we ultimately decided that what they already had is superior than what we would have been able to do in the short term,” he says.

By Joseph Tartikoff for PaidContent.Org read more

Freedom Approved to Sell ‘East Valley Tribune,’ Other Properties to 1013 Communications LLC

Published 03/11/2010 Mergers & Acquisitions Leave a Comment

As part of the approval of Freedom Communications’ bankruptcy plan, a federal judge on Tuesday green-lighted the sale of the East Valley Tribune in Mesa Ariz., and Freedom Communications’ other Valley publications to 1013 Communications LLC for $2.05 million.

By Staff for Editor & Publisher read more

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