Verizon, Hearst to Acquire Complex Media

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Verizon and Hearst have have entered into an agreement to jointly acquire Complex Media, a video-focused media company that caters to young male audiences, in a 50-50 ownership structure.

Terms of the deal were not disclosed. Rich Antoniello, Complex CEO and co-founder, will continue to lead the company, which was founded in 2002 by fashion designer Marc Ecko.

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