"We are thrilled to have Field59 join the TownNews.com team," said Brad Ward, CEO of TownNews.com. "Field59 has been a strong and trusted partner for several years. Integration of Field59's video platform within BLOX CMS allows our customers to have broadcast quality video available for their desktop, mobile, and OTT applications."
"I'm extremely excited. Our partnership with TownNews.com has been very rewarding," said Derek Gebler, CEO of Field59.
The acquisition will help clients of both companies navigate a market facing upheaval from changing media consumption habits and overhauled regulatory guidelines, according to a TownNews release on the acquisition.
"The FCC's recent change in cross-ownership rules makes it easier for media companies to deliver their news and advertising content in new ways. As consumer habits continue to change, TownNews.com is pleased that we can, with this acquisition, provide another set of elegant yet inexpensive tools to create better communications channels between media companies and their audiences," said Marc Wilson, Executive Chairman of TownNews.com.
Lee Enterprises became majority partner of Moline, Illinois-based TownNews.com in 1996. Field59 is headquartered in Madison, Wisconsin.