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.

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.”