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Cerberus Capital Management will take over a 53 percent stake in Yellow Pages from AT&T in a $950 million deal. Yellow Pages could have sold for three to four times more just a few years ago, analysts say, but AT&T waited too long. The deal is expected to close by the middle of the year. (Neighborhood Service Organization via Associated Press)

Cerberus Capital Management will take over a 53 percent stake in Yellow Pages from AT&T in a $950 million deal. Yellow Pages could have sold for three to four times more just a few years ago, analysts say, but AT&T waited too long. The deal is expected to close by the middle of the year. (Neighborhood Service Organization via Associated Press)

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