CHICAGO: News USA has acquired Chicago-based features syndication
agency Derus Media Services.
Rick Smith, CEO and founder of Washington, DC-based News USA, said
54-year-old Derus' Chicago contacts would elevate coastal-focused News
USA to a national player, boosting revenues by dollars 1 million. News
USA will retain Derus personnel, including CEO Matt McGann, who will run
The price of the deal was "less than dollars 1 million," said Smith,
explaining that Derus needed technical investment. The 14-year-old News
USA had dollars 5 million in sales last year.