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Monday, October 03, 2005

Let Your Fingers Do the Walking 

Per the NY Times, Yellow Pages publisher R. H. Donnelly is nearing a deal to buy Dex Media for $4.2 billion, which will make Donnelly the third largest telephone directory publisher in the US. Nice payday for venture firms The Carlyle Group and Welsh, Carson, Anderson & Stow.

Grab: Still, the business is not without risks. Publishers face increasing competition from Yahoo, Google and other Internet companies that focus on directory and classified advertising. Both R. H. Donnelley and Dex have growing Internet operations, and the merger is expected to give them more scale to compete nationally.

I haven't cracked open a printed Yellow Pages (or equivalent) directory in years, and have used an online telephone directory maybe twice in the past three. But hey.

In other M&A news, the Jordan Edmiston Group shows that there's a thriving b2b M&A market outside of the big name, big dollar transactions. The investment banker recently announced two smaller deals:

iMedia Communications was bought by dmg world media, and Wicks has bought Credit Union Times.

My congrats to iMedia CEO and serial media entrepreneur Rick Parkhill. Years back, I was involved in the acquisition of his InfoText Publishing for Advanstar.

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