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UK Radio Group GCap Buys Welovelocal Reviews Site Stake For $1.2 Million

By Robert Andrews
Originally published by paidContent paidContent, paidContent paidcontent.org • 18th March 2008

In UK, Capital Radio operator GCap is buying a majority stake in the 10-month-old user-driven local reviews index Welovelocal for a total £600,000 ($1.21 million). The site, which only launched in 2007, is amongst a rash of sites – including Tipped, TrustedPlaces and TouchLocal – to offer a Yellow Pages-style, Web 2.0-centric local business directory that includes users’ own reviews and ratings. “We love local” could almost be a new manifesto pledge for GCap, which in February announced it was axing several stations and selling its national digital network to focus on its core One Network stations. More here on PCUK.

CategoriesUncategorised
Tagsmergers & acquisitions
FocusCompany M&A
TopicSocial Media
SourcepaidContent, paidcontent.org
ClientContentNext


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