WebProNews

Local.com Sells Stock For Financing

Local.com is $13 million richer, but the money was not so much a gift as a payment - Local.com sold about 2.4 million shares of its stock to two investors.  And those investors bought the shares at $5.50 apiece, even though the stock’s current price has only ranged between $5.70 and $7.60 over the past few days.

Hearst Acquires UGO

Hearst Corporation has purchased UGO Networks, an online entertainment company that targets men.

Local.com Picks Up PremierGuide

Yesterday, Hearst Corp. sold its stake in Local.com, but it looks like that didn’t hurt the website much - it has now acquired PremierGuide, “the largest and fastest-growing provider of private-label local search solutions to newspaper publishers, TV and radio stations, and city portal operators.”

Hearst Sells Stake In Local.com

We usually write about companies buying each other, but in this case, Hearst Corporation is going against the trend: it has sold its stake in Local.com.

Hearst & Fox, a YouTube Killer?

Last month Hearst announced their plans for 12 new online video channels to partner with their magazine websites. Now they are partnering with Fox Television Studios for their CosmoGirl and Popular Mechanics video channels, according to MediaPost.

Hearst To Launch 14 Video Sites

Maven Networks has launched its new Internet TV platform, which has been adopted by more than 500 media companies, led by Hearst Corporation. The companies are using Maven to power their online video distribution and advertising business. Hearst Magazines, publisher of Cosmopolitan, Esquire and Good Housekeeping, is launching 14 new Internet channels built on the Maven platform with their own individual branding, promotions and advertising around the audience of each magazine title.

Hearst and Microsoft Make Print Digital

Newspaper giant Hearst Corporation unveiled its News Reader software, a product born of a partnership with Microsoft. News Reader software debuted in beta at the Seattle Post-Intelligencer as a downloadable application, allowing an on-screen view of Hearst newspapers. The news comes in the wake of growing concern for the future of print media as online content becomes more prevalent and preferred. George B. Irish, president of Hearst Newspapers, and Kenneth A. Bronfin, president of Hearst Interactive Media.

Hearst Acquires Social Networking Site

Hoping to capitalize on the online teen market Hearst Magazine's digital unit has acquired eCrush.com a conglomerate of entertainment and social networking sites for teens and young adults. The purchase price has not been disclosed.