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Local.com shareholder Hearst Communications sells 281,787 shares
By Lisa Kerner
Charlotte, N.C., Oct. 13 - Hearst Communications, Inc. reported the sale of 281,787 shares of Local.com Corp. between Oct. 5 and Oct. 12 for a total of $1.59 million.
The shares were priced from $5.52 to $5.69 each, according to a schedule 13D/A filed on Tuesday with the Securities and Exchange Commission.
Hearst beneficially owns 1,214,330 shares, or 7.8%, of the Irvine, Calif., paid-search advertising services company.
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