CitySearch Claims Advertisers Bring in $6k Per Year

CitySearch says its pay-for-performance ad program is taking in an eye-popping “average” of $500 per month from advertisers, or $6,000 per year, according to a Sept. 4 article by Ann Meyer in The Chicago Tribune. If the figure is accurate, that would be a big “wow.” CitySearch currently claims 50,000 advertisers, so it adds up to $25 million per … Read more

Thrillist: 2.5 Million Users via Combo of Editorial, Clothes and Deals

At opposite corners of the niche universe, you have Thrillist for men and Comcast-owned Daily Candy for women. Both lifestyle products, founded as email newsletters/shopping guides, have jumped aboard the deals bandwagon, working with Group Commerce Inc. as their tech provider. They also have a common association with former AOL Time Warner President (and current Clear Channel Entertainment Chairman) Bob … Read more

Groupon Bets on Merchant Services: A Conversation with Mihir Shah

Groupon founder Andrew Mason’s concept of Groupon as “the operating system for local commerce,” had a certain catch to is, but what does it actually mean in practice? That’s the challenge being addressed by Groupon’s “Breadcrumb” team in Silicon Valley, which has rolled out a suite of services for restaurants and now, other verticals. Groupon is … Read more

Quantcast Publishes ‘Top 10’ Online Directories

Figuring out who is on top of the heap in the online directory business is a complex task: on one hand, a “directory” category is kind of an oxymoron, given that so much of what is quantified is based on search engine optimization. Only 25 percent of Citysearch’s traffic, for instance, comes from its destination URLs. Some … Read more

Can NextDoor Monetize Its 10 Million+ Users?

When we think about “what’s next” in local, we always think it could be Next Door. Despite an unchartered path to revenue, the hyperlocal neighborhood network has raised $210 Million and was recently valued at $1.1 Billion San Francisco-based NextDoor was founded in 2010 and now has more than 10 million members, who share hyperlocal and … Read more

ReachLocal Sees $300 Million+ Valuation

ReachLocal, a provider of local online marketing solutions for SMBs, has raised $55.2 million in new financing. This comes on top of the $12.7 million it has raised since its founding in 2004. The new funds give ReachLocal an estimated valuation of $305 million, since it was previously valued at $250 million. The money is … Read more

WashingtonPost.Com Launches ‘Local Explorer’

WashingtonPost.com has soft-launched “Local Explorer, ” which allows users to map crime, home sales and school information by zip code. It is a great model for “mapped journalism.” The tag line for Local Explorer says it allows you to explore “Police and fire stations, restaurants, bars, hospitals and more, plus Facts & Figures; Local News from … Read more

Mindbody Slated to Be Sold for $1.9 Billion; Is Scheduling Still an SMB Anchor?

Mindbody, a leader in fitness and spa software and services with 67,000 subscribing businesses in 124 countries, announced it reached an agreement to be sold for $1.9 Billion to Vista Equity. The company will now enter a 30 day “Go Shop” period. At the time of the announcement, the deal represented a 68 percent premium … Read more