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


Blog Home

Contact Kelsey

Bookmark this page



SEARCH
 


previous month  MARCH 2006  next month
s m t w t f s
4
18
19 24 25
26 27 28 29 30 31


BLOG ARCHIVE
 
RSS ATOM  Full archive
 
current month



RECENT ENTRIES
 
 
RSS ATOM


BLOGGERS
 
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


COUNTER
 
Visitors    356277
Online users 129
 



Sep 19 2005
Printable version  |  Email to a friend
Yellow Pages Arbitrage?
Yellow Book USA announced another acquisition this week, purchasing two directories from User-Friendly Phone Book LLC, which is itself a company that has been actively pursuing acquisitions in the U.S. independent sector.


The two properties involved are the Steel Valley and Ohio Valley directories, which have combined distribution of 225,000. What is interesting about this deal is that User-Friendly had acquired these books (and two others) only a few months ago from Champion Directories, a small Ohio-based independent.

We do not know the values of the two deals, so we have no way of knowing if User-Friendly made or lost money here (our guess is they made money). The quick flip by User-Friendly suggests it is either engaging in arbitrage Yellow Pages style, or perhaps it simply didn't see these two directories fitting into its long-range plans and sold them to the most logical buyer on the market today.

The deals certainly underscore the observation that deal flow in the U.S. independent sector is constrained only by the availability of willing sellers and properties the consolidators are interested in buying. So far, the supply of neither appears to have been exhausted.

 
Global Yellow Pages Blog
posted by  Charles Laughlin at  10:05 | comments [0] | trackbacks [0]


BLOG COMMENT


ADD COMMENT
(*) 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.