In yet another partnership between old media and new, a consortium of newspaper publishers has teamed up with Yahoo!(YHOO Quote) to use the Internet giant's technology to sell advertising and offer search functions on the Web sites of more than 150 daily publications.
The deal will allow Yahoo! to reach local audiences tied to their hometown newspapers. Meanwhile, the group of publishers will leverage Yahoo!'s technology platforms to expand their reach and grab back some precious revenue that has migrated away in recent years as more consumers turn to the Web for their information needs.
Financial terms of the deal were not disclosed. The publishers include Belo (BLC Quote), Cox Newspapers, Hearst Newspapers, Journal Register(JRC Quote) , Lee Enterprises (LEE Quote), MediaNews and E.W. Scripps(SSP Quote). ...
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