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Dex One, SuperMedia reach agreement with committee representing lenders

Dex One and SuperMedia announced Thursday that they have reached an agreement with a steering committee representing their senior lenders to revise the companies credit agreements.

Cary-based Dex and SuperMedia have been seeking such an agreement from creditors in order to move ahead with their planned merger.

The yellow pages publishers need 100 percent of their lenders to agree to the restructuring before they can complete the deal.

Cary's Dex One again in danger of being delisted from NYSE

For the second time in a matter of months, Cary-based Dex One Corporation has received notification from the New York Stock Exchange Monday that it is in danger of being de-listed.

The average closing price of the yellow pages publisher's shares over the last 30 days of trading has fallen below the NYSE's minimum listing standard of $1 per share.

Dex has until its next annual shareholders meeting in May 2012 to meet the requirement.

In August, Dex was notified by the NYSE that its market capitalization - the total value of its outstanding stock - has fallen below the $100 million minimum for 30 consecutive days.

Dex One names new CEO

Dex One has hired a 30-year veteran of the technology and telecommunications industry as its new CEO and president.

Alfred T. Mockett takes charge of the Cary yellow pages publisher on Sept. 13. He will also join the company's board of directors at that time.

He replaces David Swanson who retired from the company in  May.

Mockett's resume includes stints as president of Memorex Telex, a senior manager at BT Group (formerly British Telecom), chairman and CEO of American Management Systems and chairman and CEO of Motive Inc., which provides software management services to communications companies. While at Motive he helped arrange a sale of the company to Alcatel-Lucent.

Salary information is not yet available but Mockett was given 200,000 shares of restricted stock,  options on 200,000 more shares with a strike price of $9.75 and premium-priced options on another 600,000 shares with strike prices of $15, $23 and $32.

Donnelley continues to upgrade

Yellow pages publisher R.H. Donnelley, which is restructuring its business after filing for bankruptcy in May, continues to beef up its online offerings as it fights for advertising dollars.

This week the Cary-based company, which publishes directories under the Dex brand name in 28 states, unveiled two new features to its online yellow pages, DexKnows.com. The company gets the bulk of its revenue from its print directories but its online offering is becoming increasingly important as advertisers shift their advertising away from traditional media.

"It's business as usual," said spokesman Peter Larmey. "We are still moving forward with product development and enhancement."

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