client login
Remember Me
Forgot Password
Local Media Blog [ 908 ]  RSS ATOM

Blog Home

Contact Kelsey

Bookmark this page


previous month  MARCH 2006  next month
s m t w t f s
19 24 25
26 27 28 29 30 31

RSS ATOM  Full archive
current month


admin [ 0 ]  RSS ATOM
Carlotta Mast [ 0 ]  RSS ATOM
Greg Sterling [ 745 ]  RSS ATOM
John Kelsey [ 52 ]  RSS ATOM
Matt Booth [ 0 ]  RSS ATOM
Mike Boland [ 83 ]  RSS ATOM
Neal Polachek [ 27 ]  RSS ATOM

Visitors    356284
Online users 100

Oct 7 2005
Printable version  |  Email to a friend
It Wasn't Just a Rumor, RHD Buys Dex
This just in, R.H. Donnelley has acquired Dex Media for equity of $4.2 billion and debt assumption of $5.3 billion, for a total value of $9.5 billion, a multiple of roughly 10 times Dex's 2004 EBITDA. Current RHD CEO Dave Swanson will be CEO, RHD COO Peter McDonald will be COO of the expanded company, and Dex Media CEO George Burnett will be chairman of the board of directors. We will have more coverage in this week's LMJ. We issued an advisory on Sept. 23 exploring the news that talks were under way, taking the safe course and giving it about a 50-50 chance of happening. Apparently the financial drivers of the deal were just too compelling. One clue for us was that RHD brass were scarce at our DDC2005 event last week, despite their initial plans to attend.

Together, RHD and Dex will be the No. 3 player with combined revenues of roughly $2.7 billion, passing BellSouth Advertising & Publishing. Yellow Book remains the No. 5 player, with the top 2 slots held by SBC Directory Operations and Verizon Information Services.

Here is the Dex news release:

Global Yellow Pages Blog
posted by  Charles Laughlin at  14:43 | comments [0] | trackbacks [0]


(*) indicates required fields
author (*) :
email address :
url :
  bold italic underline add hyperlink add email hyperlink centre unorder list order list add image quote emoticon smiles
comment (*) :

html code

ubb code

max characters : 2000

- +
characters remaining :
remember me :

The Kelsey Group, 600 Executive Drive, Princeton, NJ 08540-1528
Tel: (609) 921-7200 Fax: (609) 921-2112 EMail: [email protected]
Copyright© 2005 The Kelsey Group. All Rights Reserved.