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Tag Archives: millennial media

Millennial Media founder gives Mount St. Mary’s $1M

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 Daily Record/Maximilian Franz).

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 ...

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AOL finally using Millennial Media

Verizon AOL Acquisition

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. ...

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AOL completes $250 million purchase of Millennial Media

Millennial Media CEO Michael Barrett (photo from Millennial Media website)

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 ...

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Millennial CEO will leave after merger with $2.2M severance

Millennial Media CEO Michael Barrett (photo from Millennial Media website)

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 ...

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Millennial Media reports more losses in 2nd quarter

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 ...

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AOL reported in talks to buy Millennial Media

Millennial Media CEO Michael Barrett (photo from Millennial Media website)

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 ...

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Cross Street finishes Millennial HQ

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 ...

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Charge boosts Millennial’s loss

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 ...

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