Key Developments: Millennial Media Inc (MM)

MM on New York Consolidated

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5 May 2015
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Latest Key Developments (Source: Significant Developments)

Millennial Media Inc completes acquisition of Nexage
Thursday, 4 Dec 2014 05:33pm EST 

Millennial Media Inc:Says acquisition of mobile supply-side platform (SSP) and programmatic pioneer Nexage.This combination will allow Millennial to bring ad dollars from hundreds of demand sources and thousands of advertisers to its network of 60,000-plus applications and mobile sites around the globe.  Full Article

Interpublic and Millennial Media partnering globally to deliver data-driven mobile solutions
Thursday, 13 Nov 2014 09:00am EST 

Interpublic Group and Millennial Media:Enters into a yearlong global strategic partnership.As part of the agreement, IPG agencies and their clients will be eligible for greater efficiencies, custom research, access to Millennial Media's robust and scalable mobile data capabilities, and a first look at the mobile advertising platform's new products.Partnership, led by IPG Mediabrands, the global media holding company of Interpublic Group, includes all IPG creative, digital, marketing services and media agencies.This collaboration will leverage the full power of mobile real-time bidding (RTB) technology, delivering superior targeting and retargeting, programmatic inventory and private marketplaces.IPG Mediabrands central automated buying platform Cadreon will be integrated with Millennial Media's programmatic offerings.This global agreement with Millennial Media marks another significant step forward for IPG Mediabrands' automation agenda.  Full Article

Millennial Media Inc gives Q4 2014 guidance below analysts' estimates
Thursday, 6 Nov 2014 04:10pm EST 

Millennial Media Inc:Expects total revenue for Q4 2014 to be in the range of $70 million to $75 million and adjusted EBITDA to be a loss between $(5.5) million and $(6.5) million.For Q4 2014 revenue of $88 million and EBITDA of $(2.9) million - Thomson Reuters I/B/E/S.  Full Article

Millennial Media Inc to acquire Nexage
Tuesday, 23 Sep 2014 07:00am EDT 

Millennial Media Inc:Signs definitive agreement to acquire Nexage for about $107.5 mln in cash and stock.Based in Boston, privately held Nexage is a provider of Real-Time-Bidding (RTB) technology that helps to automate the buying and selling of mobile advertising.Under the terms of the agreement, Millennial Media will pay about $22.5 mln in cash and about $85 mln in stock.  Full Article

Millennial Media Inc reaffirms Q3 2014 outlook
Tuesday, 23 Sep 2014 07:00am EDT 

Millennial Media Inc:Reaffirmed its Q3 2014 outlook.Expects Q3 2014 total revenue to be in the range of $65 -$70 mln.Expects Q3 2014 adjusted EBITDA to be a loss of between $(7) -$(8) mln.Q3 2014 revenue of $67 mln, EBITDA of $(7) mln - Thomson Reuters I/B/E/S.  Full Article

Millennial Media Inc appoints Andrew Jeanneret as Chief Financial Officer
Tuesday, 2 Sep 2014 04:45pm EDT 

Millennial Media Inc:Appoints Andrew Jeanneret as Executive Vice President and Chief Financial Officer.Jeanneret has served as Company's Senior Vice President of Accounting and Chief Accounting Officer since 2011.  Full Article

Millennial Media Inc gives Q3 2014 revenue guidance below analysts' estimates
Monday, 11 Aug 2014 04:05pm EDT 

Millennial Media Inc:Expects total revenue for Q3 2014 to be in range of $65 mln to $70 mln and adjusted EBITDA to be loss between $(7) mln and $(8) mln.Q3 2014 revenue of $78 mln and EBITDA of $(3) mln -Thomson Reuters I/B/E/S.  Full Article

Esri and Millennial Media partner to advance data-driven modeling, targeting and analytics for hyper-local mobile advertising
Thursday, 5 Jun 2014 09:27am EDT 

Millennial Media Inc:Millennial Media partnership with Esri to help improve a brand or advertising agency's ability to better target their audiences based on a number of geographical and location data points.Millennial Media has integrated Esri's industry leading geographical information system (GIS) software into Millennial Media's product set.Initially, Millennial Media will utilize Esri's proprietary location-based data technology for the updated Point: Audience Location Advertising suite for location-based audience targeting.  Full Article

Millennial Media Inc gives Q2 2014 guidance below analysts' estimates
Wednesday, 7 May 2014 04:02pm EDT 

Millennial Media Inc:Expects Q2 2014 total revenue to be in the range of $70 million to $75 million.Expects Q2 2014 adjusted EBITDA to be a loss between $(5) million and $(6) million.Q2 2014 revenue of $97 million and EBITDA of $1.80 million - Thomson Reuters I/B/E/S.  Full Article

Millennial Media Inc announces resignation of CFO - Form 8-K
Wednesday, 7 May 2014 04:02pm EDT 

Millennial Media Inc:Says on May 5, Michael Avon informed the board of his intention to resign from the company effective as of July 1.Says it has not appointed a new or interim chief financial officer as of the date of this current report.Says Avon will continue to serve as executive vice president and chief financial officer of the company through July 1.Says Avon will also cease serving as the company‚Äôs principal financial officer as of that date.  Full Article

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