AdOne/PowerAdz Merge to Create Largest Online Newspaper Network in U.S. Representing Nearly 50% of Daily U.S. Print Circulation.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 25, 2001 Over 1, 600 Newspapers to Benefit from Best-in-Class Publishing, Vertical Applications and eClassifieds Products and Services AdOne and PowerAdz, the nation's two leading online newspaper application service providers, today announced a merger, which is anticipated to close within the next two weeks. The new company offers a single source for end-to-end online publishing and advertising solutions to newspapers of all sizes across the country. The new company will provide a broad spectrum of market-leading Internet products, services and business solutions to over 1,600 leading newspapers in the U.S. representing daily and weekly newspaper circulation of over 40 million and nearly 50% of daily U.S. print circulation. "This is a merger of two customer-focused industry leaders, with complementary market positions, that creates real synergies and opportunities for newspapers," said Brendan Burns, Founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AdOne. "The combination of AdOne and PowerAdz allows us to establish a company that delivers best-in-breed business solutions to meet the challenges of online publishing and advertising." "Our mission is to provide local media companies with the tools to operate successful and profitable online businesses," said Mark Chudzicki, Founder, President and CEO of PowerAdz. "We remain absolutely committed to developing and delivering technology solutions that reduce costs and complexity for our affiliates. Merging our companies allows us to do this in the most effective way possible." The new company, which will adopt a new name in the near future, will take advantage of its strong relationships with media partners across the country to identify and cultivate cul·ti·vate tr.v. cul·ti·vat·ed, cul·ti·vat·ing, cul·ti·vates 1. a. To improve and prepare (land), as by plowing or fertilizing, for raising crops; till. b. market opportunities and further extend its market share. Leveraging its robust technologies and common data standards, the company expects to create expanded services and significant cost savings that newspapers could not easily realize on their own. Burns and Chudzicki will be co-CEOs of the new company. The new company will: -- Service over 1,600 daily and weekly newspapers across the country -- Aggregate and deliver online over 1,000,000 paid, newspaper classifieds daily -- Generate more than 45 million page views per month -- Reach over 1.5 million unique users per month -- Reach 95 out of the top 100 markets, representing over 83% of total US households -- Cover all 50 U.S. states About AdOne Founded in 1995, AdOne LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. that has built an online classifieds network in the U.S. AdOne provides a suite of products and tools that enable newspapers to grow their classifieds revenue and offer their advertisers greater value. In addition, AdOne, via its "Abracat Network" of local classifieds sites, reaches millions of consumers daily. The network offers leading national advertisers effective online solutions for selling their products and services to local consumers with a high propensity to purchase. Based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , AdOne is backed by Advance Publications, Belo Corporation, Donrey Media Group, The E.W. Scripps Company, The Hearst Corporation The Hearst Corporation is a privately-held American-based media conglomerate based in the Hearst Tower in New York City, USA. Founded by William Randolph Hearst as an owner of newspapers, the company's holdings now include a wide variety of media. , Journal Registry The configuration database in all 32-bit versions of Windows that contains settings for the hardware and software in the PC it is installed in. The Registry is made up of the SYSTEM.DAT and USER.DAT files. Many settings previously stored in the WIN.INI and SYSTEM. Company, Lee Enterprises, Incorporated, Media General, Media News Group, Morris Communications Corporation and Pulitzer Inc. For more information, visit www.adone.com About PowerAdz.com PowerAdz.com is a leading Internet infrastructure provider and aggregator of local, granular granular /gran·u·lar/ (gran´u-lar) made up of or marked by presence of granules or grains. gran·u·lar adj. 1. Composed or appearing to be composed of granules or grains. 2. content, assembling the largest network of local, newspaper-based community portals on the Internet. The company publishes all or part of thousands of online newspapers daily and has thousands of participating advertisers with over 20 state press association endorsements. The company's network advertising programs provide a unique opportunity for businesses to reach the "hometown home·town n. The town or city of one's birth, rearing, or main residence. Noun 1. hometown - the town (or city) where you grew up or where you have your principal residence; "he never went back to his hometown again" " demographic. PowerAdz.com affiliates include hundreds of suburban, daily and weekly newspapers across America, and boast many of the largest newspapers and newspaper groups in the country, including the New York Post The New York Post is the 13th-oldest newspaper published in the United States and the oldest to have been published continually as a daily.[3] Since 1976, it has been owned by Australian-born billionaire Rupert Murdoch's News Corporation and is one of the 10 , Dallas Morning News, Journal Register Company, Pittsburgh Post-Gazette The Pittsburgh Post-Gazette, also known simply as the PG, is the largest daily newspaper serving metropolitan Pittsburgh, Pennsylvania, USA. Early history , Omaha World Herald, Orange County Register, Milwaukee Journal Sentinel The Milwaukee Journal Sentinel is a daily morning broadsheet printed in Milwaukee, Wisconsin, USA. It is the primary newspaper in Milwaukee, the largest newspaper in Wisconsin and is distributed widely throughout the state. and the Bergen Record. PowerAdz.com markets its services under the AdQuest, CarCast, ThinkHomes, CareerGold and Zwire! Internet brands. For more information, visit www.poweradz.com |
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