The Internet is not just killing printed encyclopedias, it’s got the American Icon of the Yellow Pages on life support<\/p>\n
AT&T didn’t quite have the trademarks squared away on the Fingers Walking through the Yellow Pages, so over the years a number of “fake” Yellow Pages showed up, forcing advertisers to pay out money to multiple competing advertising services, not even sure if the AT&T “alternative yellow pages”\u00a0 was even real.<\/p>\n
Two events happened this week – AT&T decided to get out of the business, selling its majority state to Cerberus Capita<\/a>l for $500 million in cash and a $200 million note and a minority interest in the company if Cerberus turns the company around.\u00a0\u00a0 AT&T this week is failing to reach an agreement with its unionized workers, which may well be related to this move.\u00a0\u00a0 If Cerberus sounds familiar, it was the company that tried to “Save” Chrysler.\u00a0\u00a0 Former Vice President Dan Quayle is in senior management of the company.<\/p>\n Meanwhile, Ambassador Media Group, which published one of those alternate yellow pages in the New York City area has filed for liquidation under Chapter 7<\/p>\n http:\/\/www.nasdaq.com\/article\/update-ambassador-media-group-files-for-chapter-7-bankruptcy-20120409-00831<\/p>\n","protected":false},"excerpt":{"rendered":" The Internet is not just killing printed encyclopedias, it’s got the American Icon of the Yellow Pages on life support AT&T didn’t quite have the trademarks squared away on the Fingers Walking through the Yellow Pages, so over the years … Continue reading