DG Buys GTN
June 14, 2007 at 6:31 AM (PT)
DG FASTCHANNEL INC. has inked a deal to buy DETROIT-based GTN INC. for $11.5 million. GTN offers advertising media services including TV spot distribution, production, post-production, asset management and archival services, mostly to the DETROIT automotive industry.
DG will spin off GTN's non-core production and post-production assets and operations after closing, which is expected in third quarter 2007.