ReacLocal delivered its first quarterly report as a public company today, noting that its active advertiser count has climbed 27 percent from 13,200 to 16,700, and that its consolidated revenues climbed 47 percent from $47.97 million to $70.362 million It also reported adding 72 percent more senior sales people, going from 143 to 246; [...]
Category Archives: Misc
IAC’s ‘Citysearch LLC’ now ‘CityGrid Media’
June 3, 2010 – 4:36 pm
IAC’s Citysearch will keep its www.citysearch.com website and brand, and IAC’s local units will still be managed by the Citysearch team, but the local organization has been renamed “CityGrid Media.” IAC’s local units include Citysearch, the CityGrid ad network, InsiderPages, UrbanSpoon and the company’s investments in MerchantCircle and Orange Soda.
The name change [...]
ReachLocal IPO raises $54.2 Million
May 20, 2010 – 11:13 pm
ReachLocal went public today, raising $54.6 million on the Nasdaq from the sale of 4.167 million shares at $13 each. The share price had been sharply cut from earlier hopes of $17-19 given pessimistic market condition. But the offering closed at $14.98 a share, up 15 percent in a sharply down day for the [...]
Fisher CEO Colleen Brown: Focus on ‘Scaleable, Monetizable’
May 20, 2010 – 9:45 pm
Fisher Communications, a big TV and radio group in the Northwest, has long made its embrace of new technologies part of its image. The publicly-traded company acquired Pegasus News, a city guide site; and prepared a major Web-based rollout of social services and small business marketing effort.
But then it seemed to retreat last year, selling [...]
Merchant Circle Goes International, Opens API
May 12, 2010 – 6:20 am
Merchant Circle, which has established some expertise in launching markets on the cheap, says it is going international with new sites for Canada, the U.K. and Australia. It had previously announced that it is opening up its API to allow sites to use its reviews, ratings and enhanced profiles on an ala carte basis. HelloMetro, [...]
Cox Sells 25 percent of AutoTrader.com
May 5, 2010 – 9:43 pm
Cox Enterprises has sold 25 percent of AutoTrader.com to Providence Equity Partners, a company that manages $22 billion in its portfolio and whose website says it likes to take equity shares “between $250 million and $2.5 billion.” Terms were undisclosed. Providence has shares in a wide range of companies, including Univision, NexTag, Hulu and WhitePages.com.
The [...]
InsiderPages Launches Doctor Finder
May 5, 2010 – 12:01 pm
If you do a search on a doctor, you may come up with five or six spammy, ad-supported links. But now InsiderPages, a property of IAC’s Citysearch, has launched DoctorFinder, a new service that hopes to simplify the complex task of finding good medical recommendations. Revenue-wise, the service is hoping to get the high [...]
