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Meredith acquires World’s Top Food Website Allrecipes.com
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Des Moines : Meredith Corporation and The Reader's Digest Association, Inc. announced today that Meredith, the leading media and marketing company serving American women, has agreed to purchase Allrecipes.com, the world's No. 1 digital food site.
"The acquisition of Allrecipes.com, the market leader in the digital food...
Meredith Corporation Q2 revenues at $329 million
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Des Moines : Meredith Corporation has reported fiscal 2012 second quarter earnings per share of $0.70, compared to $0.88 in the year-ago period. Revenues were $329 million, compared to $366 million. Meredith recorded $21 million, or $0.28 per share, less of political advertising revenues in the second quarter of fiscal 2012 than...
Burson-Marsteller agrees to acquire majority stake in Pohjoisranta Oy in Finland
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WPP announces that Burson-Marsteller, its wholly-owned global public relations and public affairs firm, has agreed to acquire a majority equity stake in Viestintätoimisto Pohjoisranta Oy ("Pohjoisranta") in Finland.
Pohjoisranta, based in Helsinki, has a team of more than 40 professionals and is one of Finland’s largest...
Kantar to acquire majority stake in Oasis Insights
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WPP announces that it has agreed to acquire, through the Kantar network, a majority stake in Oasis Insights (Private) Limited ("Oasis"), an insight and consultancy business based in Karachi, subject to regulatory approvals.
Founded in 1996 by Mr Moazzam Al Qadri, Oasis offers insight and consultancy services to clients across...
The New York Times Company to Sell Its Regional Media Group to Halifax Media Holdings LLC
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New York : The New York Times Company has entered into an agreement to sell its Regional Media Group, consisting of 16 regional newspapers, other print publications and related businesses, to Halifax Media Holdings LLC for $143 million in cash, subject to certain adjustments.
The transaction is expected to close within a few weeks and...
The New York Times to Sell Its Regional Media Group
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New York : The New York Times Company (NYSE: NYT) announced today that it is in advanced discussions to sell its Regional Media Group, consisting of 16 regional newspapers, other print publications and related businesses, to Halifax Media Holdings LLC.
The Regional Media Group comprises Sarasota Herald-Tribune in Sarasota, Fla.; The Press...
VML acquires majority stake in digital marketing agency Qais Consulting
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WPP announces that its wholly-owned full-service digital marketing agency, VML Inc., (“VML”), has acquired a majority stake in Qais Consulting (“Qais"), a leading digital marketing agency in Singapore.
Qais will join its business operations with VML, one of the world’s leading digital marketing agencies, and...
Yahoo! Completes interclick Tender Offer
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Sunnyvale : Yahoo! Inc. has announced it completed its tender offer for the outstanding shares of interclick, inc. (NASDAQ: ICLK) at a price of $9.00 per share, net to the holder in cash, without interest and less any applicable withholding taxes. Yahoo! commenced the tender offer on November 15, 2011 and it expired at the end of the day...
Ogilvy PR agrees to acquire Mind Resource
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Hong Kong :Ogilvy Public Relations Worldwide (Ogilvy PR) Hong Kong today announced that it has agreed to acquire a majority stake in the Hong Kong-based healthcare communications firm Mind Resource Healthcare Consulting Limited (Mind Resource), subject to approvals, to target the HK$95 billion (US$12.1 billion)* Hong Kong healthcare industry...
WPP to acquire healthcare PR agency in Hong Kong
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WPP announces that it has agreed to acquire, for Ogilvy Public Relations Worldwide, a majority stake in Mind Resource Healthcare Consulting Limited ("Mind Resource"), an independent healthcare communications agency in Hong Kong, subject to relevant approvals being obtained.
Founded in 2007, Mind Resource offers event planning,...