Yellow Pages Merger

Local Insight Media LLC, a provider of print directories and Internet-based local search services in < ?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Alaska and the Caribbean, has agreed to merge with CBD Media LLC, a publisher of the Cincinnati Bell-branded yellow pages. The deal will result in Local Insight owner Welsh, Carson, Anderson & Stowe owning a majority of the combined company, with CBD backer Spectrum Equity Investors retaining a “substantial minority stake.” No financial terms were disclosed, except that the combined company will have consolidated annual revenues of approximately $200 million. < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />