Press Release Gannett Company
MCLEAN, VIRGINIA - Seale & Associates, Inc. announced that it acted as exclusive financial advisor to Gannett Company, Inc. ("Gannett") on the sale of its Gannett Directories community telephone directories business to Yellow Book USA, Inc. Specific terms of the transaction were not disclosed.
Gannett Directories is a publisher of 21 community telephone directories in southeast Michigan. The business delivers over 1.2 million directories annually. Gannett Directories was founded in 1978 as HomeTown Directories and was acquired by Gannett in 2005 along with assets of HomeTown Communications Network.
Gannett, with annual revenues of $5.6 billion, operates as a media and marketing solutions company in the United States and internationally. It operates in three segments: Publishing, Digital, and Broadcasting. The Publishing segment publishes 83 U.S. daily newspapers with affiliated online sites, including USA TODAY, as well as 17 paid-for daily newspapers; approximately 200 weekly newspapers, magazines, and trade publications; and approximately 650 non-daily publications. The Digital segment owns and operates CareerBuilder, an employment Web site; provides multichannel shopping and advertising services; digital marketing services and technology; hosted search and advertising services; scheduling solution for high school athletic departments; and social media technology and services. The Broadcasting segment operates 23 television stations and affiliated Web sites, which produce local programming, such as news, sports, and entertainment programming.
Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients' most complex dealings. Seale Capital, Inc., an affiliate of Seale & Associates, Inc., is a registered broker dealer and member of FINRA and SIPC. All securities related transactions are cleared through Seale Capital, Inc. For more information please visit www.sealeassociates.com.