The Future of Print

Impressions Media acquired by Versa Capital Management

Posted in Deals & Acquisitions by futureofprint on March 6, 2012

March 5, 2012

Impressions Media announced today that it has been acquired by Versa Capital Management, LLC.  Impressions Media operates The Times Leader, several community papers, associated websites and digital media businesses that serve communities in Northeastern Pennsylvania.

Versa Capital Management LLC, which is based in Philadelphia, has diverse investments in manufacturing, food service, and media including the companies Polartec, Bell and Howell, Allen Vanguard, Black Angus Steakhouse chain and Ohio Community Media, which includes newspapers and websites serving communities in northern and western Ohio.

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Local Ad Dollars 2010

Posted in Deals & Acquisitions by futureofprint on June 7, 2011

FWIX is run by Darian Shirazi, a 23-year-old former software engineer, already experienced at Facebook and Ebay. Its main funder, BlueRun Ventures, has put $2.5 million into the company. The goal: tapping into the bonanza of local ad dollars to come, and doing it on the sweat of smarter and smarter filtering technology. That market: $15 billion in local online ad dollars in 2010, as forecast by Borrell Associates; $36.7 billion by 2014 according to Kelsey.

via Content Bridges.