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
Director of Account Management
New York, NY
Digital Ad Operations Trafficker
A+E Networks
New York, NY
Mobile App Acquisition Manager
Publishers Clearing House
New York City & Port Washington, NY
Senior Product Manager - Mobile
Publishers Clearing House
New York, NY
Interactive Sales Account Executive
Comcast Spotlight
Houston, TX