 Leaf Group Ltd. LEAF, a diversified consumer internet company, today announced the signing of an Asset Sale Services Agreement with Hearst Newspapers. Under this new agreement, Leaf Group transferred ownership of a library of content currently displayed on selected Hearst websites to Hearst Newspapers in exchange for 9.5 million, of which 4 million was paid at signing, and up to an additional 5.5 million will be paid upon completion of the content migration, expected to be finalized in the third quarter of 2020. In addition, for a three-year period, Leaf Group and Hearst will continue to work closely together to manage the sites and create informative and engaging content. 