BlackArrow: Cross MediaWorks Continues TV Rollup, Acquires VOD Ad Developer BlackArrow

Cross MediaWorks, a private equity-backed aggregator of broadcast, cable and Hispanic TV advertising has acquired BlackArrow, a leading developer of the ad-supported video-on-demand marketplace. The company said BlackArrow's system enables advertising on more than 40 million video-on-demand households served by Time Warner Cable, Charter Communications, Bright House networks, Rogers Communications, Liberty Global and Virgin Media.