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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 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

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

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 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 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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