MediaBay Seeks Acquisitions

Cedar Knolls, NJ—When others zig, it’s time to zag. Or so goes the thinking at MediaBay, a multichannel marketer of spoken-word recording and nostalgia products. “We believe this a great time to actively seek acquisitions,” chairman Norton Herrick said in a statement. And so the parent company of the Radio Spirits catalog has retained New York-based investment bank Gruppo, Levey & Co. to assist in “identifying, negotiating and completing” direct marketing acquisitions. “In three to nine months we could be significantly larger with improved operating results,” Herrick said.

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