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Local Corporation Message Board

  • fankenkoenig fankenkoenig Oct 25, 2013 2:26 AM Flag

    Local Corporation’s Krillion® Platform Powers Shopping Channel for Pittsburgh Post-Gazette

    IRVINE, Calif.--(BUSINESS WIRE)-- Local Corporation (NASDAQ: LOCM), a leading online local media company, today announced that it is powering a new local shopping channel for the Pittsburgh Post-Gazette through its online property.

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    • Network revenues ex-TAC were up 17% sequentially, and up nearly 120% from a year ago period. This increase was directly attributable to an increase in a number of sites, from over 1,200 in Q1, to nearly 1,600 in Q2.

      First, the Network; we raised $5 million in April to expand our network business, and we believe the investment is paying off. Network revenues ex-TAC were up 17% sequentially, and up nearly 120% from a year ago period. This increase was directly attributable to an increase in a number of sites, from over 1,200 in Q1, to nearly 1,600 in Q2. We spent years developing our network business, and we believe that it's a highly scalable business with unique products and growth prospects, and that it has great operating leverage. We plan to grow our network by adding more sites, and adding more proprietary content into those sites.

      • 1 Reply to fankenkoenig
      • Our network generates about 50% gross margin and it’s our most profitable business. So growing network revenues is the core objective this year. We have too many network products the hosted business directory solution and a XML feed product. We achieve growth by adding more partner sites, by growing monetization of those sites and by adding new products to each site. So how is our network doing?

        Source: Transcript of last Earning Call on Seeking Alpha

    • Other well-known in the Network of Local Corp:

      The Gazette

      The Record Searchlight

      The State Journal-Register

      The Telegraph

      Treasure Coast

      Triangle411

      Valley News

      Ventura County Star

      Vermont Today

      Washington Post

      Journal Star

      Knoxville News Sentinel

      LaCrosse Tribune

      NC Times

      Newsday

      Norwich Bulletin

      Observer-Reporter

      Orange County Register

      Pittsburgh Post-Gazette

      San Diego Union Tribune

      Santa Ynez Valley News

      Savannah Morning News

      St. Louis Post-Dispatch

      Star Banner

      The Arizona Republic

      The Augusta Chronicle

      The Commercial Appeal

      The Dispatch

      The Examiner

      The Florida Times Union

      Arizona Daily Star

      Arkansas News

      Boston Herald

      Columbia Daily Herald

      Cumberland Times News

      Daily Herald - Utah

      Daily Princetonian

      Daily Tarheel

      East Valley Tribune

      Honolulu Star Advertiser

 
LOCM
0.65-0.0200(-2.99%)Mar 5 3:59 PMEST

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