Local Insight Media LP, a publishing portfolio company of Welsh Carson Anderson & Stowe, has completed its acquisition of Hawaii Telecom's directories business. No financial terms were disclosed.
Local Insight Media, L.P. and Hawaiian Telcom, Inc. today announced that Local Insight Media has completed the previously announced acquisition of Hawaiian Telcom's directories business, the largest publisher of print and Internet advertising directories in Hawaii.
In connection with this transaction, Local Insight Media has entered into a 50-year publishing agreement to serve as the exclusive, “official” publisher of print and online directories for Hawaiian Telcom, the leading telecommunications provider in Hawaii. Under this agreement, Local Insight Media will publish both white and yellow pages print directories under the Hawaiian Telcom brand and offer online search services at www.HTYellowPages.com.
In 2007, Hawaiian Telcom produced 10 print directories for Oahu, Maui, Hawaii and Kauai and distributed over 1.8 million copies of these directories to Hawaii businesses and residences. The company's Internet-based local search site, www.HTYellowPages.com, extends the reach of advertisers' content throughout Hawaii and beyond.
“We are pleased to close this transaction, and look forward to delivering high levels of service and value to local businesses throughout the islands,” said Scott Pomeroy, president and CEO of Local Insight Media.
With this acquisition, Local Insight Media will have five operating subsidiaries under management, including the incumbent directory companies in Hawaii, Cincinnati, Alaska, Puerto Rico and the Dominican Republic. “As our name suggests, Local Insight Media is absolutely committed to strong local operations,” said Pomeroy. “That is certainly the case in Hawaii, which has a unique culture and business environment. We look forward to working with the local team to help small businesses reach their consumers in new ways.”
About Local Insight Media
Local Insight Media, L.P., the fifth largest directory publisher in the United States, is a leading provider of print directories and Internet-based local search services in the Greater Cincinnati area, Hawaii, Alaska and the Caribbean. Local Insight Media indirectly owns CBD Media LLC, the leading publisher of print and
online directories in the Cincinnati-Hamilton metropolitan area; HYP Media LLC, the leading provider of print and online local search services in Hawaii; ACS Media LLC, the largest publisher of print and Internet advertising directories in Alaska; and Caribe Servicios de Informaci