Destination Television to Acquire Charter Digital Media

The wild west seems to be having a reunion in the digital out of home industry much like the cable industry in the begining.

"Destination Television, Inc. (OTCBB:DSTV) has entered into a letter of intent to acquire New York based, Charter Digital Media Inc.

Charter Digital Media ("CDM") is a national representative firm for digital signage, selling and distributing national advertising across multiple networks. CDM delivers millions of audience impressions by consolidating out-of-home networks. It grew in 2006 by creating alliances with such companies as Movie Gallery Networks with 2,310 stores, and Hollywood Video TV with over 2,000 stores; Port Authority Terminal (32' x 38' giant screen in Times Square); PATHVision (270 screens in 13 train stations); South Street Seaport; and MJM SportsTV with locations in the top 50 markets. Monthly gross impressions across CDM's managed networks exceed 75 million viewers covering a wide range of consumers at point-of-sale. Revenue streams include management fees and shared advertising revenue. Advertisers include: Coca-Cola, Hershey, Twentieth Century Fox, Disney Studios, Universal Studios, Toyota, Anheuser Busch, CBS, HBO Sports and Wall Street Journal. "

For the complete story: (Business Wire Post)

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