DG FastChannel has completed its previously announced acquisition of privately-held Pathfire for 30 million. Pathfire distributes third-party long-form content, primarily news and syndicated programming, through a proprietary server-based network via satellite and Internet channels. Pathfire is the primary distribution method for the majority of syndicated programming, including shows such as "Jeopardy," "Friends," and "Wheel of Fortune." In addition, ABC and CNN rely on the Pathfire network to distribute thousands of news stories to hundreds of television affiliates throughout the United States. Pathfire technology is installed in approximately 1,400 U.S. TV stations.
Pathfire's digital media platform supports a suite of applications tailored to the needs of news, syndication, video news feeds and broadcasters. Pathfire software applications reside on over 10,000 desktops in virtually every U.S. television station.
