DG FastChannel completes GTN buy


DG FastChannel has completed its previously announced buy of GTN, Inc., for 11.5 million. Based in Detroit, GTN serves the ad community through a range of advertising media services including distribution for standard definition and high HD commercials, asset management, archival and production and post-production, services. Following the closing of the acquisition, DG FastChannel divested GTN’s post-production assets and operations for 3.0 million in cash.
Said Scott Ginsburg, DG FastChannel CEO: "Like our other recently completed transactions, this acquisition is strategically and financially compelling. Strategically, GTN strengthens DG FastChannel’s presence in Detroit and the business combination brings talented personnel with strong automotive industry and local agency relationships to DG FastChannel. GTN’s marquee clients include top automotive advertisers and Detroit-based advertising agencies focused on the automotive advertising market."