Crushed by a "perfect storm" of debt and declining revenues, TMP, once the dominant player in the Yellow Pages agency (CMR) space, will cease to exist within a few days. However, we have learned that several of the agency's more valuable…
Canada's Yellow Media announced today that it has sold its Trader Corp. vertical media business to the private equity firm Apax Partners for C$745 million. The deal lets YPG focus on transforming its core directories business and the cash helps improve the…
Reply.com has carved out a niche among online marketing companies by offering an auction marketplace for locally targeted consumer traffic for various verticals (home improvement, autos, real estate, insurance, etc.). Now, it is set on building a mobile strategy. The…
AOL will buy The Huffington Post for $300 million in cash and $15 million in stock, and put Arianna Huffington in charge of the AOL Local sites (MapQuest, Patch, MovieFone) as well as its growing collection of opinionated tech and…
Local.com, which recently introduced an integrated coupon and sales platform as part of its relaunch, has announced that it will enter the group buying/deal-a-day space via the acquisition of iTwango, a Los Angeles-based start-up that launched in October. The company,…
Fresh in the wake of reports that Google will spend at least $5.3 billion on Groupon, LivingSocial -- the Avis of deal a day -- has announced a $175 million investment from Amazon. It simultaneously announced an additional $8 million…
Scheduling is seen as the next wave of online marketplace services for SMBs, encouraging sticky usage, premium features and, in some cases, highly contextual advertising. Scheduling vendors such as Agendize, Full Slate, MaxiPage and X Time are actively syndicating solutions.…
FreshGuide.com, which includes the BookFresh.com scheduling service, has been acquired by Sugar Inc., a diversified media company that includes a TV network and programming aimed at women, as well as ShopStyle, a “social shopping service.” FreshGuide.com founder Ryan Donahue says…
Groupon, the pioneering deal-a-day provider, has used some of the proceeds of its recent $135 million round to buy CityDeal, a European imitator that has launched in 80 markets in 16 countries. The cost of the deal has not been…
Cox Enterprises has sold 25 percent of AutoTrader.com to Providence Equity Partners, a company that manages $22 billion in its portfolio and whose Web site says it likes to take equity shares “between $250 million and $2.5 billion.” Terms were…
Regional press reports suggest that Yellow Pages Group New Zealand may be up for sale. The company was scooped up by private equity buyers (CCMP Capital Asia and Ontario Teachers’ Pension Plan) in March 2007 for more than NZ$2 billion.…
Jon Brod, executive vice president of AOL Ventures, Local & Mapping, gave attendees at Marketplaces 2010 a glimpse into the direction that AOL is moving in its local strategy, specifically with Patch.com, MapQuest, its content management system Seed, its LocalFund…
Citysearch announced today that it has shifted its ad model for small businesses, moving from the cost-per-click model that it pioneered several years ago to a new model that will drive consumers directly to their own Web sites. The new…
As it readies its expected public offering, ReachLocal is branching out beyond its roots as a third-party SMB reseller for Google and others. First, it started selling display. Now it is set to offer improved search optimization, digital presence and…
The default strategy for many start-ups is to plan to be acquired by Google or Microsoft. But the M&A scene is much more complex than that. Jordan, Edmiston Group Co-President Tolman Geffs, speaking today at IAB's Annual Leadership Meeting in…
Monster Worldwide has bought HotJobs from Yahoo for $225 million. It will also be in charge of Yahoo's recruitment content in North America for the next three years, bringing in perhaps another $100 million for the life of the deal…
Cablevision bet big on synergy (and ignored the CW about the newspaper industry) when it bought Newsday from Tribune Co. last summer for $650 million. Today, less than eight months later, it concedes that it has written off $402 million…
Last fall, a report from Sequoia Capital was widely circulated, strongly suggesting that companies sit on their capital and wait out what was sure to be a very slow and painful period. Now it’s gotten worse. For the past several…
IAC’s ServiceMagic, a leader in delivering leads to services, has purchased Bethesda,MD- based Market Hardware, which provides websites and search engine optimization for 2,500 SMBs. Market Hardware, which has 30 people, targets “high online spend verticals” that closely mirror ServiceMagic’s…
I'm here in San Antonio, Texas, having caught the tail end of the Association of Directory Publishers meeting, and now the Association of Directory Marketing's event. One of the many questions floating around the U.S. Yellow Pages industry is whether…
