The sell leaves AT&T free from suffering loss on this out-dated print version of locating phone numbers, addresses and other information for company's and private individuals. AT&T will still remain connected to Yellow Pages, as a stake holder, as it moves into the digital business via Cerberus Capital Management; therefore, if the new modern version is a success, AT&T will profit. Although this deal is has not been completely finalized, it is expected to be in mid 2012.
Full article:
http://money.cnn.com/2012/04/09/technology/ATT-sells-yellow-pages/index.htm
3 comments:
I feel that this should be happening anyway. I honestluy do not remember the last time I've even seen the yellow pages let alone used the yellow pages. With the advancement of technology, it's only warranted that old things will go away.
I hate the Yellow Pages...They are a pain in the ass to be honest, and now we have internet which is way faster than searching something in the Yellow Pages.
I think AT&T made a smart decision to do this because the yellow pages are out of date and people rely on the internet now to find information.
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