‘Reader’s Digest’ Agrees to $2.5B Sale
The Reader’s Digest Association Inc. announced today that it has agreed to be purchased by Ripplewood Holdings LLC for about $2.4 billion.
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The Reader’s Digest Association Inc. announced today that it has agreed to be purchased by Ripplewood Holdings LLC for about $2.4 billion.
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A new magazine launches this month, focusing on the compliance, ethics and corporate social responsibility field. Ethisphere Magazine will be the largest circulation print publication in the field, according to the Ethisphere Council.
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Van Wagner Sports Group, LLC, will be handling integrated media and sponsorship sales for a new event, The World Series of Golf, teeing off in Las Vegas in May.
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Nielsen Sports has signed NBA basketball’s Phoenix Suns for its Sponsorship Scorecard measurement service.
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The NHL will soon have its own brand channel on YouTube, and the video-sharing site is negotiating with other sports leagues for similar channels.
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Clear Channel Communications has entered into an agreement with a group led by Thomas H. Lee Partners, L.P. and Bain Capital Partners, LLC, in which the group will acquire Clear Channel in a transaction with a total value of approximately $26.7 billion. The agreement includes the assumption or repayment of approximately $8.0 billion of net debt.
Washington Post executive editor Leonard Downie Jr. plans to shrink the newsroom, tighten up the paper’s news hole, crack down on story length, and implement other initiatives that he hopes will build readership of both the printed paper and the website while reducing newsroom costs.
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Advertising.com’s 2006 online holiday shopping survey points to a busy holiday online-shopping season - with some good news for bricks and mortar retailers, too.
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More than half of television viewers (57.7 percent) recognized a brand when viewing a product placement in combination with a commercial, while only 46.6 percent of viewers recognized a brand when exposed only to a commercial for the brand.
Falco Industry insiders were surprised yesterday when they learned that Randy Falco, president and chief operating officer of the NBC Universal Television Group, will be leaving to take the reins of chairman and CEO of AOL.
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The U.S. Postal Service is mailing a holiday media guide containing information on USPS products, services and time saving features that will hit more than 110 million households this week.
Doctor drama 3 Lbs. became the fifth show to try CBS’s Tuesday at 10 p.m. time slot since the beginning of the 2005-2006 season, and its debut was less than encouraging.
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One of the employees who suddenly found himself jobless when Eisner Communications shut its doors last week has launched a website to help others in his position find jobs.
Staples Inc.’s third-quarter sales rose from $4.25 billion the Q3 05 to $4.76 billion.
Continuing to ink important partnerships in order to compete with XM, Sirius Satellite Radio has announced another new show, this one to be based on interviews from New York’s famed 92nd Street Y.
