A. H. Belo Acquires Three Digital and Print Marketing Companies for $15.3 Million
05 1월 2015 - 10:00PM
Business Wire
A. H. Belo (NYSE: ACH) today announced it purchased majority
ownership of Distribion, Vertical Nerve and Marketing FX for $15.3
million. The three companies specialize in local marketing
automation, search engine marketing, direct mail and promotional
products.
“The addition of these three new companies to our portfolio
represents an opportunity for our advertising clients to take
advantage of data driven marketing automation technology and
services,” said Jim Moroney, chairman, president and chief
executive officer of A. H. Belo. “These are first-class companies,
and we are excited to provide new opportunities to help our clients
grow their businesses.”
The existing management team for Distribion, Vertical Nerve and
Marketing FX, led by CEO Tim Storer, invested alongside A. H. Belo
in the transaction and will maintain their current roles in
day-to-day operations. A. H. Belo’s acquisition of the three
companies represents another step in its ongoing strategy to
diversify the Company’s revenue sources.
“We are very excited to now have the resources of such a
respected company like A. H. Belo behind us to help support and
accelerate our ongoing growth initiatives,” said Storer. “I’m
looking forward to hitting the ground running in 2015 and taking
each of these companies to the next level.”
The three companies will offer A. H. Belo clients innovative
marketing solutions to position their businesses for profitable
growth. In 2015, the venture is expected to contribute between $9 -
$11 million in revenue and $800,000 - $1.3 million EBITDA for A. H.
Belo. The intermediary holding company will be consolidated into
the A. H. Belo financial portfolio. Stephens Inc. served as
financial advisor to A. H. Belo on the transaction.
Each of the companies was designed to create a more efficient
and effective method to market products and services, with each
filling critical needs for businesses. Distribion provides a local
marketing automation solution that helps businesses generate better
results from their marketing campaigns. Vertical Nerve is a digital
optimization agency that enables clients to acquire more Web
traffic and improve their online conversions. These services,
combined with Marketing FX, a turnkey resource that provides print,
packaging, ad-specialty and fulfillment services to companies
nationwide, will deliver premium local print and digital marketing
solutions for A. H. Belo clients. Each company is based in Dallas,
Texas.
About A. H. Belo
Corporation
A. H. Belo Corporation (NYSE: AHC) is a leading local news and
information publishing company with commercial printing,
distribution and direct mail capabilities, as well as businesses
with expertise in emerging media and digital marketing. With a
continued focus on extending our media platform, we are able to
deliver news and information in innovative ways to new audiences
with diverse interests and lifestyles. For additional information,
visit ahbelo.com, email invest@ahbelo.com.
Forward-Looking Statements
Statements in this communication concerning
A. H. Belo’s business outlook or future economic
performance, anticipated profitability, revenues, expenses,
dividends, capital expenditures, investments, dispositions,
impairments, business initiatives, acquisitions, pension plan
contributions and obligations, real estate sales, working capital,
future financings and other financial and non-financial items that
are not historical facts, are “forward-looking statements” as the
term is defined under applicable federal securities laws.
Forward-looking statements are subject to risks, uncertainties and
other factors that could cause actual results to differ materially
from those statements.
Such risks, uncertainties and factors include, but are not
limited to the following: changes in capital market conditions and
prospects, changes in advertising demand and newsprint prices;
newspaper circulation trends and other circulation matters,
including changes in readership methods, patterns and demography;
audits and related actions by the Alliance for Audited Media;
challenges implementing increased subscription pricing and new
pricing structures; challenges in achieving expense reduction goals
in a timely manner and the resulting potential effect on
operations; challenges in consummating asset acquisitions or
dispositions upon acceptable terms; technological changes;
development of Internet commerce; industry cycles; changes in
pricing or other actions by new and existing competitors and
suppliers; consumer acceptance of new products and business
initiatives; labor relations; regulatory, tax and legal changes;
adoption of new accounting standards or changes in existing
accounting standards by the Financial Accounting Standards Board or
other accounting standard-setting bodies or authorities; the
effects of Company acquisitions, dispositions and co-owned ventures
and investments; pension plan matters; general economic conditions
and changes in interest rates; significant armed conflict; acts of
terrorism; and other factors beyond the Company’s control, as well
as other risks described in the Company’s Annual Report on
Form 10-K for the year ended December 31, 2013,
and in the Company’s other public disclosures and filings with the
SEC.
A. H. Belo CorporationKerri Fulks,
972-499-6617kerri.fulks@hck2.com
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