TORSTAR TO BUY OMG MEDIA
By Adnews Staff
Torstar plans to acquire out-of-home media company OMG Media of Vaughan, ON. Toronto-based Torstar has signed a letter of intent to purchase the assets of OMG in a deal expected to close in the third quarter of this year. The financial details are not knwon. OMG Media sells advertising space on recycling units called "Silverboxes." Officials at OMG and Torstar could not be reached for additional information before press time.
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