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AT&T is in talks to sell a majority stake in its Yellow Pages business to Cerberus, in a deal that would value the business at as much as $1.5 billion. TPG has also held talks about buying the business.
The city would continue its environmental initiatives by forbidding phone-book distributors from delivering the Yellow Pages without obtaining prior consent from homes and businesses.
Score another one for the digital revolution. The phone book - or at least the residential white pages - is going the way of the rotary telephone and the phone booth. Not to mention vinyl records, typewriters and tape recorders.