Millennial Media founder Paul Palmieri has donated $1 million to his alma mater, Mount St. Mary’s University, to create a center for entrepreneurship. The center will provide a major and a minor in entrepreneurship and include a combination of in-class and hands-on learning. “The education there is inspiring people to start and grow businesses,” Palmieri […]
Wondering whatever became of AOL’s big plans to use Baltimore-based Millennial Media’s mobile ad platforms? After all, AOL paid $250 million for the company in 2015 as part of a drive to boost its presence in the mobile ad space. Well, wonder no more. AdExchanger reported this week that AOL had finally rolled out a […]
AOL completed its $250 million acquisition of Baltimore-based Millennial Media, Baltimore’s one-time tech darling whose mobile ad services proved popular if not always profitable. AOL, which is owned by Verizon, paid $1.75 per share for all outstanding Millennial stock. Shares of Millennial will no longer be traded on the New York Stock Exchange, and the […]
Millennial Media CEO Michael Barrett is expected to leave the company after its merger with AOL Inc. is finalized, and he has a golden parachute compensation package lined up totaling $2.2 million. U.S. Securities and Exchange Commission filings made public Friday show that Baltimore-based Millennial intends to enter into a severance and release agreement with […]
Four out-of-state law firms wasted little time in soliciting free initial consultations with shareholders of Baltimore-based Millennial Media Inc. after the company announced last week that it agreed to be bought by AOL Inc. for $238 million, or $1.75 per share.
Baltimore-based Millennial Media’s second-quarter results showed the independent mobile ad marketer continuing to struggle, with the company reporting a net loss of $15.5 million compared to $15.2 million for the similar period last year. Revenue was $65.8 million compared to $67.3 million in the second quarter of 2014. Revenue for the second quarter of 2015 was comprised of $57.1 milli[...]
Millennial Media Inc. surged the most in three years after TechCrunch reported that AOL Inc. is in talks with the mobile-advertising company about a possible acquisition. Millennial jumped 28 percent to $1.86 at the close in New York, the biggest one-day gain since March 2012. The shares have advanced 16 percent this year. AOL, which […]
As mobile advertising continues to steal prominence from its more traditional desktop counterpart, a new study from Millennial Media suggests that this trend will help brands better promote their products. Survey responses from more than 4,000 people in the United States, United Kingdom, France and Germany indicated the effectiveness of mobile advertisements, with potential customers […]
Cross Street Partners, a Baltimore-based real estate consulting, construction and service company, announced it has completed construction of a $5.5 million headquarters for Millennial Media, a mobile advertising firm, on The Can Company property at 2400 Boston Street. Cross Street Partners served as general contractor for the 56,000-square-foot Millennial Media expansion on the third floor [&hell[...]
Millennial Media, of Baltimore, a mobile advertising company, reported a net loss of $109.4 million, or $1.02 per share, for the third quarter, which includes a $93.5 million impairment charge. The charge was “based on a substantial decline in its stock price and market capitalization resulting in an excess of the book value of the […]
The Baltimore company plans to acquire another firm in the mobile advertising space.
A study by Millennial Media Inc., of Baltimore, a mobile advertising company, and Reston, Va.-based comScore Data, has found that 70 percent of digital users access the Internet across both mobile and PC, up from 63 percent a year ago.