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CIA VSM Media has plans to acquire a handful of independent media agencies over the next six months, with an eye to building a $1 billion enterprise by the end of the year.
The company, a unit of Tempus Group in London, has drawn up a list of potential targets, said sources. CIA VSM chief executive Tom Sassos is expected to close two deals this summer. Targets include CPM Media Management, Chicago; Empower (formerly Media That Works), Cincinnati; and New York shops Media First International, TBS Media Management, Horizon Media Inc.
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