Thursday, July 14, 2011
GoLocal.Biz Acquired By Broadcasting Firm
St. George, Utah-based GoLocal.biz, a provider of Internet-based, local business directory, coupon, movie, and entertainment information to broadcasting firms, has been acquired by publicly held broadcaster Nexstar Broadcasting Group, Inc.. Nexstar announced the deal this morning, but did not disclose financial terms, saying that GoLocal.biz has been providing it with listings on all 35 of its portal sites, as well as to other customers. The deal is expected to be "immediately accretive" to Nexstar. GoLocal.biz was founded by Nick Schulz, Dave May, and Brian Green in 2007. The new business will become part of Nexstar's e-Media, community portal, and technology operations.