We have learned that Gannett is acquiring the parts of ShopLocal that it doesn’t already own from partners Tribune and McClatchy. ShopLocal’s stated mission is “connecting advertisers and consumers, online and in-store.”
ShopLocal’s efforts generally center around localized circulars, targeted emails, and “Smart Media,” which allows time sensitive localized promotions to be inserted into other media sites on demand. The Chicago-based company was valued at $85 million in 2006.
The acquisition of ShopLocal is likely to elevate the role that Gannett’s PointRoll plays with the Smart Media business. PointRoll initially partnered with ShopLocal for SmartMedia. More recently, however, ShopLocal has been working more with DoubleClick. Since Google has purchased DoubleClick, PointRoll has been openly coveting DoubleClick’s employees and accounts. Gannett Interactive head Chris Saridakis was previously PointRoll’s head.
Definitely a lot of moving parts.
I’m curious to see how the Yahoo deal folds into this.
Even more interesting will be how ShopLocal and its new directory deal with Localeze with the obvious attempt to get deeper local penetration. How does that mesh with the Planet Discover offerings?
Saridakis is not a founder of pointroll. He came onboard 3 years after it started. Founders were Keith Gelles, Brian Sloyer and Jules Gardner.
Thanks for the correction. I have changed the text….PK
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[...] you’re new here, you may want to subscribe to the RSS feed of Startup Meme. Local Onliner is reporting that Gannett is acquiring the remaining stocks in ShopLocal from partners Tribune and [...]
[...] first reported by us on July 3, Gannett has purchased the 52.5 percent of ShopLocal that it didn’t own from [...]