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AT&T (T) is reportedly looking to sell a majority stake in Yellow Pages business, which is...

AT&T (T) is reportedly looking to sell a majority stake in Yellow Pages business, which is being steadily decimated by online competition, to P-E firm Cerberus Capital in a deal that would value the business at ~$1.5B. It's added AT&T would maintain a "substantial minority stake," and that a deal could be reached this month. AT&T's directory business, which includes Yellow Pages, saw its revenue fall 16% last year to $3.29B.
Comments (5)
  • please stop leaving those useless directories on my doorstep
    8 Mar 2012, 10:53 AM Reply Like
  • Be long on t and VZ ....wireless is their business and land lines....NOT directories....Cerberus deserves this business.
    8 Mar 2012, 11:23 AM Reply Like
  • Sell Yellow pages? To whom?
    8 Mar 2012, 07:02 PM Reply Like
  • Buggy whip vendor looking for business needs the contacts.
    8 Mar 2012, 09:48 PM Reply Like
  • Oh Noooo,

     

    Not another Yellow Book.

     

    YELL.L
    8 Mar 2012, 08:56 PM Reply Like
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