DFM Finalizes MediaNews, 21st Cent. Merger
Digital First Media on Monday announced that it has finalized the merger of MediaNews Group and 21st Century Media. The two companies will operate under the Digital First Media name.
The transaction, first announced on Dec. 17, brings together the two companies jointly managed by Digital First Media under one name.
The newly combined company generates about $1.3 billion in annual revenue with more than 800 multiplatform products and a monthly audience of more than 67 million, according to DFM.
“This is an important moment for our company and positions us to accelerate our growth under a single and innovative brand,” John Paton, CEO of Digital First Media, said in a statement.