The Wall Street Journal-20080115-Zagat-s Self-Review- Maybe a Sale
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Zagat's Self-Review: Maybe a Sale
NEW YORK -- Zagat Survey LLC, the publisher of influential restaurant and entertainment guides, said it is considering either a sale or partnerships.
"Coming off 2007 as our best year ever, we see many opportunities ahead driven by the strength of the Zagat brand and the expansion of our user-generated content and distribution vehicles," said Co- Chairmen Tim and Nina Zagat in a statement. "From this position and with the changes in the broader media and technology environments, we have determined that it is the right time to take a look at our company's options for even more rapid long-term growth."
The company hired Goldman Sachs Group Inc. as its financial adviser.
The Zagat Survey was started in 1979.
