EMN Acquires Corporate Image Media
Executive Media Network Acquires Corporate Image Media
September 6, 2008
New York – Executive Media Network (EMN) today announced an agreement to acquire Corporate Image Media, the nation’s leading out of home media company controlling the advertising concession for the Amtrak trains, in a cash transaction. Terms of the agreement were not disclosed. Corporate Image Media will become a division of Executive Media Network’s ever expanding out of home advertising company.
Corporate Image Media founded in 1999 controls the advertising concessions on Amtrak’s Acela Express, Regional & Commuter trains, in addition to all advertising opportunities in the Club Acela First Class Lounges and also has the advertising rights to the Northwest Airlines WorldClubs, KLM Airlines Executive Lounges, and the Alaska Airlines Boardroom Clubs. Steve Feder, President of Corporate Image Media, will become the new President of Executive Media Network. Benjamin Little, CEO of Executive Media Network, said "we are excited to have Steve and his company joining the EMN Network. By joining the EMN portfolio we have, without a doubt, created the largest and most efficient out of home advertising network that reaches business decision-makers and affluent individuals. We will immediately begin exploring ways in which Amtrak and the airport lounges Corporate Image Media controlled can leverage off of EMN’s airport digital signage network. Executive Media Network can now deliver over 70 million high quality impressions from business decision-makers and affluent individuals."
Corporate Image Media President, Steve Feder, said "I launched CIM with the intent of reaching business executives and affluent individuals. Over the past 8 years, CIM was the premier out of home media company when it came to reaching the business traveler and executive traveling the major Northeast Corridor cities from Boston to Washington D.C. Now with combining forces with EMN we will be able to significantly expand our consumer reach and continue with the innovative ideas, like marketing a complete train wrap of the Acela Express, as one company. We are very excited about the digital signage possibilities that exist for our company."
About Executive Media Network Executive Media Network offers exclusive access to millions of executive business decision-makers and affluent individuals where they work, travel, and live. EMN delivers these hard-to-reach demos within exceptional lifestyle venues ideally suited for advertisers. We reach executives and affluent travelers who are the heaviest frequent flyers where they work and relax with our Airline Club Media, encompassing a large majority of VIP Clubs (149) in all the top US markets (31 of top 40 DMA’s) at the most popular airports (45). http://www.EMNworldwide.com About Corporate Image Media Corporate Image Media markets exclusive display advertising on Amtrak’s High Speed Acela Express trains, plus Amtrak’s Northeast Corridor Regional and Commuter trains. Corporate Image Media markets (both illuminated and non-illuminated) on board poster displays plus moveable LED Messages. Corporate Image Media also markets poster displays in Amtrak’s Club Acela First Class Lounges at station stops in Boston, New York, Philadelphia and Washington, DC. Its expanding marketing efforts include complete exterior train wraps on Acela Express High Speed trains as well as on selected Amtrak trains nationwide. Poster displays in Northwest Airlines WorldClubs, KLM Lounges and Alaska Airlines Boardroom Clubs are also marketed by Corporate Image Media in major airports nationwide.
