Leaf Group Announces Completion of Content Deal with Hearst Newspapers
SANTA MONICA, Calif., Aug. 24, 2020 (GLOBE NEWSWIRE) -- Leaf Group Ltd. (NYSE: LEAF), a diversified consumer internet company, today announced the completion of the content migration contemplated by the Asset Sale & Services Agreement with Hearst Newspapers and receipt of final payment from Hearst of
Under the previously announced agreement, Leaf Group transferred ownership of a library of content displayed on selected Hearst websites to Hearst Newspapers in exchange for
As of July 31, 2020, Leaf Group’s cash and cash equivalents balance was
About Leaf Group:
Leaf Group Ltd. (NYSE: LEAF) is a diversified consumer internet company that builds enduring, creator-driven brands that reach passionate audiences in large and growing lifestyle categories, including fitness and wellness (Well+Good, Livestrong.com and MyPlate App), and home, art and design (Saatchi Art, Society6 and Hunker). For more information about Leaf Group, visit www.leafgroup.com.
Media Contacts:
Sharna Daduk
VP, Communications
Sharna.daduk@leafgroup.com