Archive for the ‘Directories’ Category

Double Bankruptcy Required for Dex One / SuperMedia Yellow Pages Merger?!?

Thursday, October 25th, 2012

In nothing short of earth-shattering news, it was reported that the Dex One – SuperMedia yellow pages companies merger is apparently on the rocks due to the companies’ creditors being unwilling to accept financial terms. Worse yet, the U.S. Securities & Exchange Commission filing states that the companies might have to restructure under a Chapter 11 bankruptcy in order to make the merger deal work!

Quoted from the Form 8-K filed by Dex One:

In light of the current negotiations, however, Dex One recognizes that the parties may not be able to obtain sufficient approval from the senior secured lenders to any proposed amendments to the parties’ respective credit agreements. Therefore, possible alternatives to the current transaction structure to effect the Merger are under consideration, including a “prepackaged” restructuring of the parties’ senior secured indebtedness through proceedings instituted under Chapter 11 of the Bankruptcy Code to implement possible amendments that may garner sufficient, though not unanimous, support from the parties’ respective lenders, while otherwise maintaining the basic economic terms of the Merger Agreement.  However, there can be no assurance that Dex One and SuperMedia can effect a transaction through an alternative structure, that the necessary consents will be obtained, or that the Merger will be consummated.

SuperDex! Dex One - SuperMedia MergerIf you haven’t kept up with recent years’ history, the surreal part of this is that both companies already emerged from Chapter 11 bankruptcy restructuring not that long ago. In June of 2009, R. H. Donnelley Company filed for bankruptcy, and Dex One rose from its ashes in February of 2010. Idearc Media, earlier known as Verizon Information Services, had been spun off from Verizon with an irresponsibly high debt load, and as a result filed for Chapter 11 bankruptcy in March of 2009, later to emerge from the rubble as SuperMedia in December of 2009.

The Triangle Business Journal headline reports that bankruptcy is a possibility for Dex One, perhaps because the filing states that “Dex One recognizes…”. However, the wording is such that it clearly states that possible (more…)

Infogroup’s New Directory Poses SEO Challenge To IYPs

Wednesday, November 9th, 2011

Infogroup - data aggregator for local business listingsInfogroup‘s Monday announcement of enhancements for their Express Update service mainly focused upon how they could help businesses claim their listings, optimize through an expanded set of data points, and submit their information to the Infogroup database. But, the press release also contained an unhappy surprise for Internet Yellow Pages companies: declaration that Infogroup is also launching an online directory in tandem with the improved Express Update service.

Here’s the key part:

“Express Update will also create public online profile pages for every business in the Infogroup Business Database. This new feature essentially gives all businesses — whether they have a website or not – a visible online presence.”

For IYP companies, this cannot be a good thing. Quite a number of Yellow Pages sites receive business listings data from Infogroup, as well as many other types of online directories such as reviews sites, local social media services, mobile directory apps, etc. (more…)

Yellowbook Layoff

Monday, January 31st, 2011

I continue to hear rumors and rumblings of big changes in the yellow pages industry, and it seems like almost anything could happen in terms of restructuring, mergers and acquisitions. I just learned of a layoff at Yellowbook over the weekend — according to the news report they are saying they’ll cut 70 jobs, nationwide.

Yellowbook Yellow Pages Company

There were very recent rumors that Yellowbook might be sold by Yell company, and that it could be an acquisition target for some other major companies. The layoffs are further underscoring unrest and change at the company, so there could be something to the M&A rumors. Some possible buyers have been theorized, including Google and Yellow Pages Group.

I’ve also heard AT&T’s name floated about as potentially interested in Yellowbook — they keep getting whispered about as a possible suitor for buying some of the big YPs. As I reported earlier, AT&T might acquire Dex One and/or SuperMedia.

My theorizing of a “trifecta merger” for AT&T/Dex/Superpages smacks more than a bit of pie-in-the-sky wishful thinking for faltering yellow pages companies, but could we go even farther out there and ask if AT&T might be doing a giant roll-up strategy that brings Yellowbook into the mix as well? (more…)

Yellow Pages Argues Seattle Law Limiting Distribution “Unconstitutional”

Monday, January 17th, 2011

Yellow Pages Legal Conflict in SeattleAs you may be aware, Seattle passed an ordinance in October which required yellow pages print directory companies to pay for an annual license and to allow consumers to opt-out of receiving print yellow pages phonebooks from being delivered to their properties. The Yellow Pages Association filed a motion in federal court last week, seeking to have the ordinance canceled on the basis of unconstitutionality.

The YP industry claims that the print directories should be considered protected speech, and that their content is also primarily informational content, with a lower percentage of advertising content than magazines and newspapers.

I think that the YPA may technically be right, but are putting themselves in direct opposition of an influential demographic which are irritated by directory books getting dropped on their doorsteps, apartment buildings and in their places of business. The argument is somewhat facile — rather like me saying that I can write nearly whatever I wish and it’s protected as free speech — however, that doesn’t give me the right to spraypaint it upon the side of someone’s home. It’s the method of transmission of this free speech that’s being contested.

For many in Seattle, the ordinance doesn’t sound like an unduly heavy limitation for the YP companies. After all, only a minority of recipients are likely to opt-out of delivery, and the licensing fee is very small. (more…)

What’s Happening In Yellow Pages Land? Perhaps A Trifecta Merger Between AT&T, SuperMedia & Dex One

Tuesday, January 4th, 2011

Back in September I predicted a merger between SuperMedia and Dex One. However, there’ve since been other developments and rumors coming out of these yellow pages companies which lead me to suggest a possible “trifecta” — a three-way acquisition/merger could be in the works between AT&T’s Yellow Pages (NYSE:T), SuperMedia (NASDAQ:SPMD), and Dex One (NYSE:DEXO).

Trifecta Merger Between AT&T Interactive Yellow Pages, SuperMedia, and Dex One Corporation

These three companies operate some of the largest print and online yellow pages in the country, with AT&T Interactive operating, SuperMedia operating Superpages, and Dex One operating DexKnows. Read on for more speculation and observation on my part. (more…)

Sea Change: Google’s New Place Search Introduces New Disruption

Wednesday, October 27th, 2010

So, today Google began launching their new “Place Search” feature, as reported by Greg Sterling. For those of us keeping a finger on the pulse of local search marketing, the change was not a huge surprise, since we’ve been watching the testing for quite a while and could predict in advance that it might impact some online directories and small-to-medium businesses negatively.

Place Search is Google’s name for the new interface and layout of local search listings within their regular keyword search results page. If you haven’t seen this yet, here’s a screengrab for “florists, los angeles, ca”:

Google Place Search - new local search layout

As you can see, the change involves the map moving into the right sidebar. The top local business listings which accompany the map are no longer to the right of the map, but are now integrated into the search results page and occupy roughly the same amount of room as the other listings. Those business listings which coordinate with the map have a lettered pink pushpin icon and some have thumbnail icons which come from their Place Page information. The big impact of the change is that these listings are now (more…)

Bedbug Registry – A Directory Of Places Not To Stay

Monday, September 20th, 2010

Bed bug, Cimex lectulariusI first started hearing about bedbugs a couple of years ago when some friends of mine in Brooklyn, New York were telling me how bedbugs were becoming a serious problem in New York City apartments. Fast forward to 2010, and it seems that bedbugs have become a rampant problem in NYC as well as a growing problem throughout the country. A short while ago Abercrombie & Fitch in Manhattan became embarrassed with bedbug reports and was forced to close for fumigation along with Niketown, and a few weeks later the AMC Empire 25 Theater in Manhattan had to shut down briefly for bedbug fumigation after reports of people getting bitten during movies.

In fact, despite fairly good quality assurance checking, even Google has bugs in their Manhattan offices!

I mentioned to my New Yorker friends that I was again coming to New York for the upcoming SMX East conference, and they immediately sent me a link to the Bedbug Registry, and urged me to check out if there were any reports on the hotel I was selecting before I came. (Unfortunately, the conference hotel had some reports, although I won’t be staying there.)

Bedbug Registry

I was amused to see that interest has spiked to the point where people are now interested in reading and filing reports on bedbug bites at hotels throughout the country. (more…)