MEDIACOM BUYS MURAD
By Adnews Staff
Toronto-based Mediacom Ltd. has bought Murad Communcations of Toronto. The acquisition includes about 60 giant wall mural and painted wall displays mainly in Toronto and Montreal, with a few in Vancouver, as well as 100 Baby Murads, which are smaller murals on walls of variety stores. These assets complement Mediacom's existing inventory of outdoor posters, transit shelters, superboards and backlights. When asked if there would be any lay- offs due to the acquisition, Mediacom president Brian McLean told Adnews that the company hasn't fully assessed everything yet. Murad founder and president Michael Chesney will remain with the company, but a title for him hasn't been decided yet.
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