Blagman Acquires Interest in Century Media

Share this article:
Global direct response TV and advertising agency Blagman Media Inc. announced yesterday that it would acquire a substantial interest in Century Media Inc., the direct response marketing agency that bought former DRTV giant Williams Worldwide Inc.


Blagman, Los Angeles, said it plans to acquire at least 10 percent of Century Media's stock by the end of August in a stock-for-cash deal. The company has an additional option to acquire the remainder of Century Media's stock for stock and cash.


Further details of the agreement were not disclosed.


Century Media, Santa Monica, CA, bought Williams Worldwide in 1999 and renamed it Century Direct. Williams once was the largest company of its kind in the DRTV industry, boasting $80 million in annual billings, but it had fallen on hard times when it was sold.


Gerald Bagg, executive vice president at Century Media, said the acquisition will provide his company with additional resources needed for continued growth. Blagman recently became a public company with the goal of expanding its direct-to-consumer advertising business and consolidating the direct response industry.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

Candidates Offer Change In The Form of Targeting

Candidates Offer Change In The Form of Targeting

A campaign for Ben Carson raised $2.8 million despite his lack of cooperation.

Target Names Retail Veteran Brian Cornell as CEO

Target Names Retail Veteran Brian Cornell as CEO

He leaves the top job at PepsiCo Foods to take the spot vacated by Greg Steinhafel in the aftermath of the data breach.

NBA Names Insurance Exec as its CMO

NBA Names Insurance Exec as its CMO

Nationwide and State Farm veteran Pamela El takes the league's marketing helm next month.