Together, they generated about 3 percent of AT&T’s overall revenue last year. The assets being sold include 1,200 printed Yellow Pages editions in 22 states, plus websites like and a mobile app. For example, the Santa Monica, CA phone book (Yellow Pages edition) is delivered over the course of a month every year. The sale affects 8,400 employees and is expected to close mid-year. Verizon spun off its directory business to shareholders in 2006, only to see it file for bankruptcy three years later.Ĭerberus is paying AT&T $750 million in cash and a $200 million note, plus a 47 percent stake in YP Holdings LLC which will oversee the business. Even with the steep revenue decline, AT&T’s Yellow Pages unit has been profitable before impairment charges for the last three years.ĪT&T, the country’s largest phone company, is following in the footsteps of Verizon Communications Inc., the second-largest, in cutting its phone book business. Phone books were once a cash cow as businesses paid for ads as customers were looking for local stores and services. Revenue from the Yellow Pages unit has shrunk 30 percent in two years. Florida State Of- Highway Safety & Motor Vehicles Department Of- Florida Highway Patrol- Administrative & Records. AT&T and the CWA have a strong history of. The agreement covers about 7,000 employees who primarily work in retail, call center and technician jobs across 9 Southern states. If you are an existing advertiser on, please visit our Advertiser Contact Page. AT&T and the Communications Workers of America (CWA) began negotiations for the Mobility Black agreement today. The company said it wants to sell shrinking parts of its business so it can focus on growing segments, particularly its wireless business. AT&T, CWA begin negotiating the Mobility Black agreement. Find other height works in Kolsassberg with Yellow Pages Network. both of which were first introduced by AT&T in the 1970s. on Monday said it agreed to sell a majority stake in its Yellow Pages business to the private-equity firm Cerberus Capital for $950 million. for ATT-Industrie high access work GmbH, Hotterbichlweg 2 Kolsassberg, +43 522467890. The Yellow Pages originally got the iconic name by having been printed on yellow paper. Please look at the time stamp on the story to see when it was last updated. Get directory assistance, look up phone numbers, and order phone books. With ATT Yellow Pages, the ways in which your potential clientele can locate. This is an archived article and the information in the article may be outdated. AT&T advertising sales reps seem to be working overtime these days in their.
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