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Bright Mountain Media Completes Accretive Acquisition of CL Media Holdings d/b/a/ Wild Sky Media

Written by Customer Service on . Posted in Public Companies.

Wild Sky Media Acquisition Brings Reach to a Diverse Audience with Over 30 Million Unique Visitors per Month
BOCA RATON, FL, June 08, 2020 (GLOBE NEWSWIRE) — Bright Mountain Media, Inc. (OTCQB: BMTM) (“Bright Mountain Media” or the “Company”), an end-to-end digital media and advertising services platform, has acquired CL Media Holdings d/b/a/ Wild Sky Media (“Wild Sky”) from Centre Lane Credit Partners Master Credit Fund II, L.P. in a secured term loan and stock transaction. The acquisition of Wild Sky is expected to be immediately accretive to Bright Mountain Media.Wild Sky Media, an interactive media company that offers significant global reach through its hyper-engaging content and niche audiences, has become a wholly-owned subsidiary of Bright Mountain Media. Wild Sky Media is the home to parenting and lifestyle brands CafeMom, Mom.com, LittleThings, Revelist, Babynamewizard, and MamasLatinas, reaching over 360 million unique and diverse users annually. In fiscal 2019, Wild Sky generated total gross revenues of approximately $22.6 million with gross margins over 50%.

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