Short Take: Fingerhut acquires equity interest in MountainZone.com

Fingerhut Companies, one of the nation's largest direct marketers, has acquired a 19.9 percent equity interest in The Zone Network, parent company of MountainZone.com, a community-based site for mountain sports information and merchandise. As part of the agreement, Fingerhut acquired the right to increase its stake to a majority interest, but other financial terms of the agreement were not disclosed. The acquisition is the fourth for Fingerhut in as many months.