Marchex, Inc. (NASDAQ:MCHX) reported its results for the quarter ended December 31, 2011, on Thursday after the market closed. Shares of March fell over 5% on Friday following the earnings report to close at $4.80 a share, giving the company a lower market cap, once again, than the $165 million dollar purchase of the domain name portfolio of Yung Yee. According to the earnings report Marchex … [Read more...]
Web.com Owner Of Network Solutions & Register.com Reports
Web.com Group, Inc. (Nasdaq:WWWW), announced results for the fourth quarter and full year ended December 31, 2011 yesterday after the market closed. Web.com owns Register.com and purchased NetworkSolutions.com last year. Shares rose over 2% in aftermarket trading last night after the earnings were announced Summary of Fourth Quarter 2011 Financial Results: Total revenue, calculated in … [Read more...]
Demand Media Reports A Loss: Content Revenue Up 15%; Registrar Revenue Up 17% & Has $86 Million In The Bank
Demand Media (NYSE: DMD) reported its earnings for the 4th quarter of 2011 after the market closed today. Shares of Demand are up over 2% in after hours trading, but fell almost 5% in trading today. Q4 2011 Content & Media revenue ex-TAC grew 15% year-over-year and increased 5% compared to the third quarter of 2011. The 5% sequential improvement represented the second consecutive … [Read more...]
Yahoo! Tells Tsavo Media Its Owes Them $4.8 million For Sending Low Quality Traffic to Yahoo Advertisers
According to a Press Release today Cyberplex Inc. (TSX:CX), subsidiary, Tsavo Media will have to repay Yahoo! approximately $4.8 million over a reasonable time period" for sending low quality traffic to Yahoo advertisers. "Yahoo! is retroactively charging Tsavo for what Yahoo! is now saying was actually low quality traffic, ranging back over many months during 2011." "While the Company … [Read more...]
3 Founders Of Demand Media Are Out
According to paidcontent.org, three founders of Demand Media (NYSE: DMD), Larry Fitzgibbon, Joe Perez, and Steven Kydd are leaving the company. All three had been with the company for seven years. Kristen Moore, VP of corporate communications for Demand confirmed the report of paidContent, who said most of their duties will be passing on to Michael Blend, EVP of Media & Marketplace … [Read more...]
Yahoo Reports Earnings
Yahoo Inc. reported its earnings for the 4th Quarter of 2011 after the market closed today and posted a quarterly profit of $296 million, or 24 cents a share, compared with earnings of $312 million, in the same period a year ago. Net revenue, excluding costs associated with acquiring traffic, came in at $1.17 billion, down 3% from the 4th quarter of 2010 of $1.2 billion. Still the earnings … [Read more...]
Tucows Publishes Results Of Its Tender Offer
According to a press release today Tucows has repurchased millions of shares of its own stock based on an Oversubscribed tender offer. Here is the PR: "Tucows Inc. (NYSE AMEX:TCX), (TSX:TC), aannounced today the preliminary results of its modified "Dutch auction" tender offer, which expired on Friday at 5:00 p.m.. Tucows expects to purchase up to 7,569,952 shares of its Common Stock at a … [Read more...]