Cerberus to buy majority stake of AT&T Yellow Pages

Cerberus Capital Management is buying a majority stake in AT&T's Yellow Pages business for $950 million in cash and debt. A representative for AT&T said that the company wants to focus on its growing wireless business, and Cerberus added that it plans to "explore new avenues of online and mobile growth" with the Yellow Pages unit.

View Full Article in:

Wall Street Journal, The · Los Angeles Times (tiered subscription model)

Published in Briefs:

SmartBrief Job Listings for Media

Job Title Company Location
Chief Revenue Officer
Chief Revenue Officer - NY, Denver or San Fran
New York, Denver or San Francisco, NY
Senior Manager, Advertising Technology Operations
Pandora Media, Inc.
Oakland, CA
Director, Operational Enablement and Excellence
Pandora Media, Inc.
Okaland, CA
Sales Director - ROBLOX (New York)
ROBLOX
NY
Programmatic Manager
A+E Networks
New York, NY