Update: Hearst Reduces Stake In Local.com
posted on: July 19, 2007
| about stocks:
LOCM
I’ve posted an updated version of the post concerning Hearst’s stake in Local.com (LOCM).
The basic facts are, rather than sell its entire 22% stake, as I originally reported, Hearst actually reduced its stake, but still holds a 13.5% position.
My apologies for the confusion; the full story can be found on the original post, now rewritten.
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