Doner has been Sold, CEO Kalter will Retire

Detroit’s Doner Advertising has been sold by it’s CEO, Alan Kalter, who will retire once the deal is finalized.  Doner’s web page has been updated with a cryptic message directing visitors to have a look around while the new page is being prepared.

Under the terms of the deal, which were passed around to employees today, David DeMuth will be co-CEO/president, Rob Strasberg will be co-CEO/chief creative officer and Tim Blett will continue as senior partner/president of the Newport Beach, Calif., office.  DeMuth, Strasberg and Blett are reported to be the firm’s purchasers.