Done Deal: ReachLocal Buys DealOn for $10 Million

ReachLocal, a search-engine marketing company for small and medium-size businesses, has acquired DealOn Media, a daily deals site–and it paid much less than the $6 billion Google was willing to spend on Groupon. ReachLocal said it coughed up $10 million for the two-year-old company, which operates in 18 U.S. markets and works with other publishers as a white-label provider.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work