Reuters: Mergers News: UPDATE 1-Hearst Corp acquires stake in Stylus Media Group

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-Hearst Corp acquires stake in Stylus Media Group Mar 28th 2012, 14:11 Wed Mar 28, 2012 10:11am EDT * Buys 20 pct stake in Stylus Media Group * Says Interactive Media Group segment to handle stake in Stylus March 28 (Reuters) - Broadcaster and publisher Hearst Corp said it has acquired a 20 percent stake in Stylus Media Group, a website which tracks consumer behavior and trends across industries ranging from automobiles to fashion and hospitality. The privately held companies did not disclose the terms of the deal. Hearst Corp, founded by media magnate William Randolph Hearst in 1887, is a diversified media and information company, which owns newspapers like the Houston Chronicle and the San Francisco Chronicle and magazines like Cosmopolitan and Harper's Bazaar. The company also holds interests in various TV and Radio stations. Hearst's Interactive Media Group segment will handle the company's stake in Stylus and Kenneth Bronfin, President of Hearst Interactive Media will join the Stylus' board. London-based Stylus Media Group, launched in September 2010, caters to diversified clients such as Saatchi and Saatchi, Starwood Hotels and Resorts, Ford and Sony among others, and has a worldwide staff of 100 employees. Link this Share this Digg this Email Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions