ZoomerMedia completed the acquisition of Buzz Connected Media for $16m.

ZoomerMedia, a firm that owns and operates media across platforms including TV, radio, print and digital, completed the acquisition of Buzz Connected Media, an owner and publisher of Daily Hive, a digital source for local news, culture, for $16m. "When Moses shared his digital vision for Canada, I knew that joining Zoomer was the next step in Daily Hive's journey. The chance to work with a Canadian legend and pioneer of local media is an opportunity we were not going to pass up. In our combined sights now are the biggest players in the country," Karm Sumal, Daily Hive Co-Founder and CEO.