Top News Acquired By Cox Target Media

Los Angeles-based online coupon and deal site has been acuqired by Cox Target Media, Cox announced Thursday afternoon. The deal is worth $100M, plus additional earnout depending on hitting performance targets. The deal includes, and will add to Valpak, the provider of those ubiquitous blue coupon envelopes distributed to U.S. households by mail. Cox said the buy "substantially expands" its business across traditional, digital, social and mobile platforms. Cox said that has more than 5 million visitors monthly. Loren Bendele, founder of, continues on at after the acquisition. was backed by U.S. Venture Partners and Rustic Canyon Venture Partners, and had raised at least $12.0M in funding.





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