Coda Media Corp. completed the acquisition of assets of TheFlyer.com from Harte-Hanks Inc..
December 30, 2012 at 11:00 pm EST
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Coda Media Corp. signed a definitive agreement to acquire assets of TheFlyer.com from Harte-Hanks Inc. (NYSE:HHS) in $2 million in secured promissory note on December 17, 2012. The deal value is subject to working capital adjustments. The transaction is subject to satisfaction of customary closing conditions and is expected to close on or before December 31, 2012. Harte-Hanks plans to use the proceeds from the transaction for general corporate purposes. Harte-Hanks anticipate the transaction will result in a one-time after-tax loss of approximately $1 million.
Coda Media Corp. completed the acquisition of assets of TheFlyer.com from Harte-Hanks Inc. (NYSE:HHS) on December 31, 2012.
Harte Hanks, Inc., together with its subsidiaries, is a global customer experience company. The Company operates through three segments: Marketing Services; Customer Care, and Fulfillment & Logistics Services. Marketing Services segment leverages data, insight, and experience to support clients as they engage customers through digital, traditional, and emerging channels. Its service offerings include strategic business, brand, marketing and communications planning, data strategy, audience identification and prioritization, predictive modeling, creative development, and execution across traditional and digital channels. Customer Care segment offers responsive contact center solutions, which use real-time data to interact with each customer. Customer contacts are handled through phone, e-mail, social media, text messaging, chat, and digital self-service support. Fulfillment & Logistics segment consists of mail and product fulfillment and logistics services.
HARTE HANKS, INC. 
