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Local Corporation (NASDAQ: LOCM), a leading online local media company, today announced the sale of Rovion to Gannett Co., Inc. (NYSE:GCI).
The company entered into a definitive agreement to sell Rovion to Gannett on Oct. 19, 2012. Under the terms of the agreement, Gannett acquired Rovion and all related assets.
“This is a great outcome for Local Corp. and Gannett. This transaction enhances our balance sheet and cash flows, while also enabling Gannett’s large and sophisticated customer base to use Rovion’s powerful rich media platform,” said Heath Clarke, Local Corporation, chairman and chief executive officer.
Rovion will be part of the Gannett Digital organization under PointRoll, with all Gannett divisions leveraging the Rovion platform capabilities.
About Local Corporation
Local Corporation (NASDAQ:LOCM) is a leading online local media company that connects brick-and-mortar businesses with over a million online and mobile consumers each day using a variety of innovative digital marketing products. To advertise, or for more information, visit:
Gannett Co., Inc. (NYSE: GCI) is an international media and marketing solutions company that informs and engages more than 100 million people every month through its powerful network of broadcast, digital, mobile and publishing properties. Our portfolio of trusted brands offers marketers unmatched local-to-national reach and customizable, innovative marketing solutions across any platform. Gannett is committed to connecting people – and the companies who want to reach them – with their interests and communities. For more information, visit
Forward Looking Statements
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