Local.com Corporation operates a local search Website, Local.com, with over 15 million monthly visitors, a private label local syndication network of approximately 750 United States regional media sites, a local distribution network for its advertising feeds, and a sales and advertiser services operation for approximately 50,000 direct monthly subscribers. By providing its users and those of network partners with robust, current, local information about businesses and other offerings in their local area, the Company has created an audience of users that its direct advertisers and advertising partners desire to reach. Sales of advertising on Local.com and its local syndication network (LSN) accounted for 91% of the Company's total revenues for the year ended December 31, 2009. The Company operates in three business segments: Owned and Operated (O&O), Network, and Sales and Ad Services (SAS). In January 2011, the Company created a new Social Buying business unit...
