Gannett Acquires Digital Marketing from ReachLocal
Today, a great fad in digital marketing can be witnessed across the globe. A number of big and small firms are doing tie-ups with digital marketing companies. Digital marketing companies use various techniques with the help of which the enterprises come within the reach of more and more people by means of the internet.
Gannett, a firm, which owns “USA TODAY” and more than one hundred other media properties in the USA, said on Monday that the agreement had been reached to obtain online local marketing firm ReachLocal for about $156 million.
The deal values Woodland Hills, Cailf-based ReachLocal (RLOC) at $4.60 per share representing a 188% premium over the closing price of the stock on Friday, June 24.
Gannett CEO Robert Dickey said in a statement, “The acquisition of ReachLocal accelerates Gannett’s digital growth strategy, adding more than $320 million of annual digital revenue, the best digital marketing solutions technology in the market, and an outstanding and well-respected management team to Gannett’s digital business,”
ReachLocal was founded in the year 2004. It provides online marketing solutions for local businesses in North America, Latin America, Asia-Pacific, and Europe, connecting them with prominent tech brands including Facebook and Google.
The transaction has been unanimously approved by the boards of directors of both companies and is expected to be accomplished in the third quarter of the year 2016.
There are other recent acquisitions by Gennett (GCI), which include the Milwaukee-based Journal Media Group. It includes 15 daily newspapers and their online assets.
Gannet completed the acquisition of the rest of the 59.36% interest in June 2015 in the Texas-New Mexico Newspapers Partnership, which it did not own from Digital First Media. The Gannet U.K. Limited-owned Newsquest obtained Romanes Media Group also in 2015. It is a local publishing enterprise that is being operated in Scotland, Northern Ireland, and Berkshire.
Online marketing comprises various procedures. Some of the procedures include:
SEO: SEO stands for Search Engine Marketing. It is a process to increase the visibility of a website on the search engines. There are a number of techniques used in SEO. Some of these techniques include link building, content posting, video submission, Infographics submission, PPT submission, and a lot more.
SMO: Social Media Optimization, better known as SMO, is meant for promoting the business over social media websites. The business use of the websites like Facebook, Twitter, LinkedIn, Pinterest, Instagram, and Google+ is getting widely popular these days.
Content Marketing: It is another way to market the business over the Internet. The content is posted on different websites. The links of the websites are given inside the articles and blogs, which is one of the great sources to promote the enterprises.
Email Marketing: Attractive text and HTML emails are sent to people for marketing purposes. This type of marketing is known as email marketing.
Video Marketing: Various documentaries and presentations are posted over different video submission websites, such as YouTube, Dailymotion, Vimeo, and more.
Some more big companies may come into the picture soon offering digital marketing projects to other companies.
