NEW YORK CITY, Oct. 29, 2015 /CNW/ - Frankly Media, a Division of Frankly Inc. (TSX-V: TLK) and a leading Content Management System (CMS) provider in the broadcast industry, today announced agreements with broadcast groups covering 12 stations across the United States. These stations will utilize Frankly Media's leading publishing and advertising sales platforms to enhance their sites. Frankly Media has recently signed agreements representing 55 sites which in aggregate generate more than U.S. $2 million in revenues per year including platform fees, variable revenues and advertising.
"These renewals are an important cornerstone to the continued success of Frankly Media," said Lou Schwartz, President of Frankly Media. "They ensure that we maintain our highly predictable base of local news customers, who appreciate the mission critical support that our platform serves in their digital operations. In addition, it also serves to validate the investments we are making in native mobile, direct to consumer video delivery and the ongoing vision to have every screen and experience controlled by one central platform."
The stations renewing their contracts with Frankly Media are KHQ Inc./Cowles Montana Media and Block Communications. These stations cover markets in Illinois, Ohio, Washington, Kentucky and Montana.
"Frankly Media continues to develop exciting new innovations to its core CMS platform," said Patricia McRea, President KHQ Inc./Cowles Montana Media. "Over the last nine years, we have relied on their technology to power our sites. They are a trusted partner and we are very pleased to continue our strong working relationship with them."
Frankly Media will continue leveraging Frankly Inc.'s expertise in native mobile app development, messaging, data analytics and social content marketing in an effort to add new features to its CMS and advertising platform.
About Frankly: Frankly provides a platform and first-in-class data capabilities for media companies, enterprises, and brands to grow their audience, build engagement, manage their content, and generate revenue across their digital properties. Frankly Media provides content management and advertising solutions to local news media in the United States, covering approximately 100 million monthly users. Frankly Platform is a white-labeled engagement platform that serves top brands and influencers along with Frankly Media customers. Founded in 2013, Frankly is headquartered in San Francisco, California, with offices in New York City. The Company is publicly traded under ticker TLK on Canada's TSX Venture Exchange. To learn more, please visit www.franklyinc.com or email [email protected].
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Notice regarding forward-looking statements:
This release includes forward-looking statements regarding Frankly and their respective businesses. Forward-looking events and circumstances discussed in this release, may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the parties. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Frankly undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
SOURCE Frankly Inc.