Bright Mountain Media, Inc. Appoints Greg Peters as President and Chief Operating Officer
November 21, 2019 at 05:07 pm EST
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Effective November 18, 2019 (the “Closing Date”) the closing (the “Closing”) of the previously announced Merger Agreement by and among Bright Mountain Media, Inc., a Florida corporation (“Bright Mountain Media”), and its wholly-owned subsidiary BMTM2, Inc., a Florida corporation (the “Merger Sub”), and News Distribution Network, Inc., a Delaware company (“NDN”) occurred. Under the terms of the Merger Agreement, NDN merged with and into Merger Sub, then, a wholly-owned subsidiary of Parent (the “Merger”) on the terms and subject to the conditions in the Merger Agreement, following which, NDN will cease to exist and Merger Sub will be renamed News Distribution Network. On November 18, 2019 Mr. Greg Peters became President and Chief Operating Officer in connection with the Closing. Greg Peters, age 58 the founder, Chairman and Chief Executive Officer of NDN (F/K/A Inform, Inc.) Mr. Peters has served as the President, CEO, and Board Member of Internap Network Services Corporation and in the 1990s, Mr. Peters was Vice President of International Operations for Advanced Fibre Communications and Adtran. Mr. Peters will not be considered an independent director and will not receive any compensation for his services on the board of directors.
Bright Mountain Media, Inc. focuses on digital publishing, advertising technology, consumer insights, creative and media services. The Company has an end-to-end digital media and advertising services platform that connects brands with targeted consumer demographics. Its digital publishing division focuses on developing content that attracts an audience and monetizes that audience through advertising. Its portfolio of owned and operated Websites is focused on moms, parenting, families, and more broadly, women. The portfolio consists of Websites, including Mom.com, Cafemom.com, LittleThings.com, and MamasLatinas.com. Its advertising technology division focuses on delivering targeted ads to audiences on owned and operated sites as well as third-party publishers through the deployment of technologies. Its consumer insights division focuses on providing primary and secondary research, competitive intelligence, and insight to address customers' strategic issues.