*Post-Crisis Auto Industry Faces New Set of Challenges and Decisions, According to AlixPartners Study*

*U.S. Sales Seen Below Historical Levels for Foreseeable Future, Reaching only 12.7 Million this Year, 13.6 Million in 2012; Unemployment to Hurt Sales by Some 1.5 Million Units in 2011; 83% of Prospective Buyers To Put off Vehicle Purchase for up to a Year*

DETROIT–(BUSINESS WIRE http://www.businesswire.com/)–After surviving a period of unprecedented restructuring and global financial tremors, the automotive industry now finds itself facing a whole new set of competitive challenges and decisions — ranging from keeping costs and capacity under control with the slow, “post-bubble” sales recovery in the U.S., to placing the right bets on vehicle-propulsion and other technology systems, to focusing on the right emerging markets. That’s according to a comprehensive annual automotive industry review released today by AlixPartners, the global business-advisory firm.

The *AlixPartners 2011 Automotive Outlook* finds that while automakers and suppliers have seen profits bounce back handsomely – North American original equipment manufacturers (OEMs) posted $12.5 billion in 2010 profit on a net margin of 4.6% and North American suppliers reaped $8.2 billion on a net margin of 4.3% – no one should be tempted into thinking that things are now back to “normal,” or at least the normal defined by the consumer-incentive-induced sales levels of the past. In sync with its past annual auto studies, AlixPartners continues to predict that U.S. auto sales will climb slower, and to a lower peak, than many others are predicting. Specifically, the firm estimates U.S. auto sales will reach just 12.7 million units this year and only 13.6 million in 2012.

Hand in hand with that prognosis, and with the lingering U.S. “employment recession” showing scant signs of abating, AlixPartners estimates that unemployment and underemployment could cost the auto industry up to 1.5 million in lost vehicle sales this year. Another market headwind is the stagnant U.S. housing market. According to the study, historically, approximately one of every five vehicles sold is financed by home-value appreciation, a ratio that’s likely to decrease with the continuing stagnancy in home values.

Meanwhile, according to an AlixPartners survey of 1,000 Americans regarding their views of the U.S. economy and their personal economic situations, 83% said they had delayed or planned to wait at least a year to buy a vehicle.

“It’s a cliché, but the auto industry really does face a ‘brave new world,’ and the differentiators for winning in the world we are transitioning to will be significantly different from the past,” said John Hoffecker, managing director at AlixPartners and co-lead of the firm’s Enterprise Improvement Practice. “The good news is that most of the U.S. players now have their costs in line to capitalize on a slow, steady sales recovery. On the other hand, the industry is facing some truly momentous, and momentously expensive, decisions on everything from powertrain choices to emerging markets; and for OEMs to count on a U.S. sales bubble like in the last cycle – artificially-induced to begin with – to help fund all that is wishful thinking at best.”

According to the study, one of the striking features of the new automotive industry is the convergence among competitors around the globe in areas including cost, quality, production processes, supply chain, management expertise and, last but not least, profitability. Profitability parity is evidenced by the fact that last year earnings-before-income-taxes (EBIT) margins for automakers globally clustered in a tight band ranging from 4.3% to 5.7% — with OEMs in China and India at 5.2%, while suppliers from China and India enjoyed an EBIT margin of 7.5%, the highest in the world.

This competitive convergence, the study says, will require big leaps forward in differentiators such as consumer-focused innovation, product-development excellence, truly strategic partnerships at various places around the globe, careful brand-building and, perhaps above all else, a general focus on speed – in achieving either first-mover advantage or fast-follower leverage. At the same time, says AlixPartners, the future could bring a battle for control of the entire automotive value chain, as new propulsion systems related to the “electrification of the vehicle” may provide an opening for automotive suppliers with innovative battery technologies, or even players such as electric utilities, to take over the pole position from OEMs in that chain.

“Technologically, the auto industry could well be on the cusp of its biggest set of changes since the invention of the internal-combustion engine more than 100 years ago,” said Hoffecker. “This will put unprecedented pressure on all players to pick the right business models, the right legal and capital structures, and the right partners. And, this all comes at a time of potential margin erosion as the industry, in general, shifts to smaller vehicles, both for regulatory and consumer-preference reasons. Preventing that erosion will be key.”

The AlixPartners study predicts a 13% compound annual growth rate (CAGR) for small cars and a 7% CAGR for small crossover vehicles between now and 2015 in the U.S., as large cars, SUVs and pickups are expected to see a CAGR of just 2%, respectively, in that time. The study also finds that pickup-truck sales will be hurt by the continuing housing crisis. U.S. pickup sales for 2011 are estimated to reach only 1.7 million units, well below the recent peak of 2.9 million in 2006.

“House appreciation historically has been used to finance the purchase of a new vehicle about 20% of the time,” said Mark Wakefield, a director in AlixPartners’ Global Automotive Practice. “But today, both the ‘wealth effect’ and the real wealth from owning a home just isn’t what it used to be. By the same token, pickup-truck sales, which historically have been at the leading edge of U.S. economic recoveries, continue to be hurt by the depressed state of housing starts.”

The study also finds that the bulk of future sales growth globally has likely permanently switched to emerging markets. AlixPartners finds that the global vehicle market is on track to be 76.4 million units in 2011 (10% above its pre-crisis level), and sees that number at 96 million units in 2015 – signifying, among other things, that autos is a true growth industry.

However, buttressed by the recent leveling-off of sales in China, the study states that growth will not be the same in every emerging market and will be “bumpy” in most, and cautions that companies and investors in those new markets may find themselves wrestling far sooner than expected with market cyclicality and other issues that Western automakers and suppliers routinely face.

“One thing is for certain,” said Hoffecker, “emerging nations have gone from being just sources of cheap parts and labor to being bona fide markets, not to mention bona fide competitors. What’s not so certain is which markets in particular will really take root and blossom, and which will have a false spring and then fade away. Right now, there’s a lot of attention on Russia, but, then again, India also used to be in that position. As always, ‘caveat emptor’ should always be the guiding principle for players in new markets.”

Other key findings of the *AlixPartners 2011 Automotive Outlook* include:

- *Raw Materials Still Pricey.* In part due to the continuing weak U.S. dollar, rising costs for raw materials and energy (in particular from foreign sources) will continue to pressure manufacturers and could compress margins. Besides petroleum-based products, some of the materials under pressure include copper, steel, lead, and platinum. – *Still Plenty of Capacity.* Though some parts of the supply chain, like electronics, are in tight supply today, the study finds that the industry still has plenty of capacity to support slow, steady growth.* *It finds, for instance, that of the 90 U.S. suppliers that filed for bankruptcy in the last decade, only in those cases where the company moved into some degree of liquidation is it certain that permanent capacity reduction resulted. – *Best Bets for M&A:* *Key Technologies and Growth Markets.* Regarding the outlook for M&A in the auto industry, the study finds that while the industry is currently seeing high valuations, there may still be investment opportunities – for both private-equity and strategic buyers – in select segments and markets. Two such areas include key technologies, such as those tied to vehicle-propulsion systems, and growth markets, from emerging markets overseas to some niche-vehicle markets in the U.S.

“For those with a clear investment strategy and the right criteria, there may well be many opportunities to be found despite today’s high valuations,” said Christian Cook, a director in AlixPartners’ Global Automotive Practice. “And that certainly includes private-equity investors, who remain a significant part of the automotive industry with more than 50 firms holding over 75 companies in North America alone. But, in any deal, proper due diligence and strategic fit will be critical for success.”

Additionally, the AlixPartners study suggests a comprehensive strategic and operational package to achieve success in the new post-crisis automotive reality, including:

- Suppliers and manufacturers must rethink their manufacturing, engineering and purchasing footprints, as sales potentials continue to shift into emerging countries. – Growth can be found in several other key areas, including: improving internal-combustion engines; moving premium features into mass production; and adding electronic controls to models. – Partnering with other companies should be considered, to fill gaps in capacity, competency, technology, regional presence and customer access – but such partnering must be done while keeping issues such as “cultural fit” and long-term commitment top-of-mind. – Companies should be “very slow to pull out the checkbook” when it comes to increasing overhead costs – which, the study finds, are already back to pre-recession levels for North American suppliers, with cost growth even surpassing sales growth in the first quarter of 2011. – Companies should leverage insights into long-term demographic and socio-graphic trends – including the probable driving habits of Baby Boomers as they retire and the priorities of Gen Y when it comes to their passions for such as things as video games vs. their feelings toward cars.

“Peter Drucker once famously wrote the auto industry is the ‘industry of industries,’ though for a few years there, it looked as if that was far from true,” said Hoffecker. “Today, the industry has the opportunity to regain that mantle again, but in an all-new form. The companies that rise to this occasion, and do what it takes to distinguish themselves and their industry in this new era, may well have books written about them in the future as well.”

*About the Study*

The *AlixPartners 2011 Automotive Outlook* is based on a benchmark analysis of 226 suppliers, 44 automakers and 21 heavy-truck OEMs. Public economic data and forecasts were also used in the study.

*About AlixPartners*

AlixPartners LLP is a global business-advisory firm offering comprehensive services to improve corporate performance, execute corporate turnarounds, and provide litigation consulting and forensic accounting services. The firm has more than 900 professionals in 15 offices across North America, Europe and Asia. The firm can be found on the Web atwww.alixpartners.com .

McClatchy Reports Second Quarter 2011 Earnings

Released: 07/28/2011 SACRAMENTO, Calif. — The McClatchy Company (NYSE: MNI) today reported net income in the second quarter of 2011 of $4.9 million, or 6 cents per share. The company’s earnings in the second quarter of 2010 were $7.3 million, or 9 cents per share.

Revenues in the second quarter of 2011 were $314.3 million, down 8.1% from revenues of $342.0 million in the second quarter of 2010. Advertising revenues were $236.0 million, down 9.4% from 2010, and circulation revenues were $65.1 million, down 3.7%.

Cash operating expenses in the second quarter, excluding severance costs, declined $17.2 million, or 6.9%, from the 2010 second quarter. Operating cash flow, a non-GAAP measure, was $83.4 million, down 11.2% from the second quarter of 2010 (Non-GAAP measurements are discussed below).

Results in the second quarter of 2011 included the following items:

– Severance charges totaling $7.6 million ($4.0 million after-tax) related to continued restructuring of the company’s newspaper operations. – A loss on the extinguishment of debt totaling $1.2 million ($0.7 million after-tax), primarily reflecting the non-cash write-off of purchase accounting discounts related to bonds repurchased in the open market. – Impairment charges of $0.3 million ($0.2 million after-tax) recorded in other operating expenses primarily related to the value of assets sold for less than carrying value. – A favorable tax adjustment totaling $0.8 million primarily related to the use of a loss carry-forward to reduce cash taxes due on the sale of land in Miami.

Income in the second quarter of 2011 excluding the net impact of these items was $9.0 million compared to earnings in the second quarter of 2010 adjusted for similarly unusual items of $8.5 million. (Non-GAAP measurements are discussed below).

*First Six Months Results:*

Net income in the first half of 2011 was $3.0 million, or 3 cents per share. Income from continuing operations in the first half of 2010 was $5.3 million, or 6 cents per share. Total net income, including discontinued operations, was $9.5 million, or 11 cents per share.

Revenues in the first six months of 2011 were down 8.8% to $618.0 million compared to $677.6 million in 2010. Advertising revenues in the 2011 period totaled $461.1 million, down 10.2%, and circulation revenues were $131.3 million, down 4.4%.

Results in the first half of 2011 included the following items:

– Severance charges totaling $12.2 million ($6.4 million after-tax) related to continued restructuring of the company’s newspaper operations. – Impairment charges of $10.6 million ($6.7 million after-tax) recorded in other operating expenses primarily related to the value of real estate assets in California and Texas sold for less than carrying value. – A loss on the extinguishment of debt totaling $2.5 million ($1.5 million after-tax), primarily reflecting the non-cash write-off of purchase accounting discounts related to bonds repurchased in the open market. – A gain of $1.9 million ($1.2 million after-tax) for additional cash received on a previously sold internet asset. – A favorable adjustment to the company’s net loss totaling $10.7 million for a tax settlement related to state tax positions previously taken and the use of a loss carry-forward to reduce cash taxes due on the sale of land in Miami. A tax benefit of $8.4 million was recognized and related interest expense was reduced by $3.7 million ($2.3 million after-tax).

Income in the first six months of 2011 excluding the net impact of these items was $5.7 million compared to earnings in the first six months of 2010 adjusted for similarly unusual items of $13.0 million. (Non-GAAP measurements are discussed below).

*Other Recent Events:*

As previously reported, the company sold 14.0 acres of land in Miami, including the building* *housing its subsidiary* *The Miami Herald Media Company and an adjacent parking lot, for a purchase price of $236 million on May 27, 2011. The Miami Herald Media Company* *will continue to operate from its existing location for up to two years rent free while McClatchy pursues other sites for its media operations. Approximately 9.4 acres of the land was previously under contract to be sold, but that agreement expired in January 2011. Under the prevailing accounting for sale-leaseback transactions, no gain or loss will be recorded on this sale until the company vacates the location.

The company contributed $163 million of the proceeds to its pension plan and has retained the remaining cash to use for other corporate purposes, including paying taxes on the gain on the sale, interest costs and debt reduction.

McClatchy’s unfunded pension liability at the end of May, after taking into account the $163 million contribution and other 2011 activity, was approximately $298 million, down $181 million from the $479 million unfunded liability at the end of 2010.

The Company’s cash and cash equivalents were $58.9 million as of June 26, 2011. At the end of the second fiscal quarter of 2011 the Company held cash largely to satisfy an offer to purchase $65 million of its 2017 senior secured notes at par. The offer to purchase was required by the bond indenture as a result of selling the building and land housing its newspaper operations in Miami, FL and the offer did not expire until the last day of the second quarter. However, none of the 2017 senior secured notes were tendered and the Company will use the funds for debt reduction and general corporate purposes.

*Management’s Comments*:

Commenting on McClatchy’s second quarter results, Gary Pruitt, chairman and chief executive officer, said, “Advertising revenues were down 9.4% in the second quarter of 2011 compared to a decline of 11.0% in the first quarter versus the same periods in 2010. We saw some improvement in revenue trends in the second quarter of 2011, helped in part by retail advertising associated with the later Easter holiday in April. Still it is clear that the weak economic recovery is having an impact in the markets we serve.

“We continued to see growth in digital advertising revenues, and in particular digital-only advertising. Our digital results include both digital sales bundled with print and digital advertising sold on a stand-alone basis. Our bundled sales have suffered with declines in print, but we were pleased to see an increase of 9.0% in second quarter digital-only sales compared to the 2010 quarter. Total digital advertising, including both bundled and digital-only sales, increased 1.6% in the second quarter of 2011 to $47.7 million. Digital advertising now represents 20.2% of McClatchy’s total advertising revenue.

“We are seeing good early results from digital-only revenue initiatives, including our dealsaver™ group-buying product. Dealsaver™ offers exclusive, local daily deals to consumers and we have launched it in about half of our markets with remaining markets launching in August. In conjunction with our growing digital products line-up we are also expanding our digital-only sales forces to drive results. Finally, in late June we introduced a metered paywall at modbee.com, our newspaper website in Modesto, Calif. We’re experimenting with paid content elsewhere as well. While most of our content is free online, we’re testing several different paid models, including paid mobile apps and niche online publications with deep, original content. We continue to build a hybrid print and digital media company that serves audiences on multiple platforms.

“Audience trends are improving. Circulation revenues declined 3.7% in the second quarter compared to a decline of 5% in the first quarter of 2011. Daily circulation declined 3.4% but Sunday circulation grew 0.7%. Our digital traffic continues to grow with daily average local unique visitors to our websites up 5.5% in the second quarter of 2011.

“Cash expenses, excluding severance costs, were down 6.9% in the second quarter compared to a year ago, despite higher newsprint prices. We are focused on permanently restructuring our business operations to reflect our evolving business model.

“Our valuable equity investments continued to prosper. Our share of income from all equity interests was $9.5 million in the second quarter and $12.7 million in the first half of 2011—more than double the second quarter 2010 and more than quadruple their results in the first six months of 2010. Much of the improvement in equity earnings came from our digital investments, including CareerBuilder and Classified Ventures. Classified Ventures operates two of the nation’s premier classified websites: the auto website Cars.com and the rental site Apartments.com, both of which are profitable and growing internet businesses.

“As we look to the third quarter, we expect our new digital initiatives to pay off. Overall advertising revenue trends so far in July are in the same range as the second quarter. We expect to again reduce cash expenses in the third quarter in the mid-single digits despite the impact of higher, year-over-year newsprint prices.”

Pat Talamantes, McClatchy’s chief financial officer, said, “We remain committed to improving our financial position by reducing our overall financial leverage. We have focused much of our debt reduction efforts on the nearest-term maturities, including our 2011 and 2014 bonds and our qualified defined benefit pension liability. We retired all of our 2011 bonds on June 1 and paid down our 2014 bonds to $111.4 million.

“In fact, we reduced debt by $75.4 million in the second quarter and had approximately $58.9 million in cash on hand at the end of the quarter. It is helpful to have this additional cash available because we have tax payments due in the third quarter and we always have significant cash requirements in the first and third quarters for interest payments. We will also continue to focus on debt reduction. In the first six months of 2011, we reduced debt by $96.1 million to $1.678 billion from $1.775 billion at the end of 2010.

Talamantes continued: “Making the $163 million tax-deductible contribution to our pension plan from the proceeds of the Miami land sale not only was a tax-efficient way to realize value from this asset, it also will alleviate required future pension contributions. This will allow us to make further headway in improving the company’s overall financial condition. For instance, we estimate our recent pension contribution will reduce our required 2012 pension contribution by approximately $45 million to a total estimated contribution of $25 million to $35 million based on current interest rates and capital markets assumptions.”

*Non-GAAP Financial Measures:*

In addition to the results reported in accordance with accounting principles generally accepted in the United States (“GAAP”) included in this press release the company has provided information regarding operating income, non-operating expenses and income, income taxes, and net income excluding certain items described in an attached schedule. In addition the company has presented operating cash flows (defined as operating income plus depreciation and amortization, restructuring related charges and other non-cash impairments) along with operating cash flow margins (operating cash flow divided by net revenues) that are reconciled to GAAP measures in the attached schedule. Management believes these non-GAAP measures, when read in conjunction with the company’s GAAP financials, provide useful information to investors by offering:

– the ability to make more meaningful period-to-period comparisons of the company’s on-going operating results; – the ability to better identify trends in the company’s underlying business; – a better understanding of how management plans and measures the company’s underlying business; and – An easier way to compare the company’s most recent operating results against investor and analyst financial models.

Operating income, non-operating expenses and income, income taxes, and net income excluding certain items should not be considered a substitute or an alternative to these computations calculated in accordance with and required by GAAP. Nor are operating cash flow and operating cash flow margins to be considered replacements for cash provided by operating activities as shown in the company’s statement of cash flows.

In addition, the company’s statistical report, which summarizes revenue performance for the second fiscal quarter and first half of 2011, follows.

At noon, Eastern time, today, McClatchy will review its results in a conference call (877-278-1205 pass code 81674386) and webcast ( www.mcclatchy.com). The webcast will be archived at McClatchy’s website.

*About McClatchy*

The McClatchy Company is a leading news and information provider, offering a wide array of print and digital products in each of the markets it serves. As the third largest newspaper company in the country, McClatchy’s operations include 30 daily newspapers, community newspapers, websites, mobile news and advertising, niche publications, direct marketing and direct mail services. The company’s largest newspapers include *The Miami Herald, The Sacramento Bee, Fort Worth Star-Telegram, The Kansas City Star, The Charlotte Observer *and* The News & Observer *in Raleigh, N.C. McClatchy is listed on the New York Stock Exchange under the symbol MNI.

*Additional Information:***

Statements in this press release regarding future financial and operating results, including revenues, anticipated savings from cost reduction efforts, cash flows, debt levels, as well as future opportunities for the company and any other statements about management’s future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements. There are a number of important risks and uncertainties that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: the duration and depth of the economic recession; McClatchy may not generate cash from operations, or otherwise, necessary to reduce debt or meet debt covenants as expected; McClatchy may not consummate contemplated transactions to enable debt reduction on anticipated terms or at all; McClatchy may not achieve its expense reduction targets or may do harm to its operations in attempting to achieve such targets; McClatchy’s operations have been, and will likely continue to be, adversely affected by competition, including competition from internet publishing and advertising platforms; increases in the cost of newsprint; bankruptcies or financial strain of its major advertising customers; litigation or any potential litigation; geo-political uncertainties including the risk of war; changes in printing and distribution costs from anticipated levels; changes in interest rates; changes in pension assets and liabilities; changes in factors that impact pension contribution requirements, including, without limitation, the value of the company-owned real property that McClatchy has contributed to its pension plan; increased consolidation among major retailers in our markets or other events depressing the level of advertising; our inability to negotiate and obtain favorable terms under collective bargaining agreements with unions; competitive action by other companies; decreased circulation and diminished revenues from retail, classified and national advertising; and other factors, many of which are beyond our control; as well as the other risks detailed from time to time in the company’s publicly filed documents, including the company’s Annual Report on Form 10-K for the year ended Dec. 26, 2010, filed with the U.S. Securities and Exchange Commission. McClatchy disclaims any intention and assumes no obligation to update the forward-looking information contained in this release.

*Journal Communications Reports Second Quarter 2011 Results*

* * *Second Quarter 2011 compared to Second Quarter 2010:* **

· Revenue of $90.1 million, down 4.5%

- Broadcast revenue down 2.0%; Core broadcast revenue, excluding political and issue advertising revenue, was essentially flat – Operating earnings of $11.5 million, down 16.6% – Diluted EPS of $0.10, down from $0.14 – Notes payable to banks of $61.0 million, a reduction of $13.6 million from year end 2010 – Funded debt ratio of 0.80-to-1

MILWAUKEE, Jul 26, 2011 (BUSINESS WIRE) –

Journal Communications, Inc. (NYSE:JRN) today announced results for its second quarter ended June 26, 2011.

“In the second quarter, Journal Communications saw mixed results in this challenging operating environment,” said Steven Smith, Chairman of the Board and Chief Executive Officer of Journal Communications. “Overall publishing and broadcast revenue was down in the second quarter compared to the second quarter of 2010. However, excluding political and issue advertising in both years, we did see a revenue increase at our television stations in the second quarter. In addition, we continue to see an increase in interactive revenue in both our broadcast and publishing businesses. Furthermore, total operating costs and expenses were down 2.4% compared to second quarter 2010.

“As a result of our commitment to delivering shareholder value, our Board of Directors recently authorized a share repurchase program that will allow us to opportunistically buy back class A and/or class B common stock.”

*Second Quarter 2011 Results*

Note that unless otherwise indicated, all comparisons are to the second quarter ended June 27, 2010.

For the second quarter, revenue of $90.1 million decreased 4.5% compared to $94.3 million. Operating earnings of $11.5 million decreased 16.6% compared to $13.8 million. Net earnings were $6.1 million compared to $8.1 million.

In the second quarter, basic and diluted net earnings per share of class A and B common stock were $0.10 compared to $0.14 in 2010.

The operating margin was 12.8% for the second quarter compared to 14.6%. EBITDA (net earnings (loss) excluding the earnings/loss from discontinued operations, net; total other expense, net; provision (benefit) for income taxes; depreciation; amortization; and, if any, non-cash impairment charges) was $17.3 million compared to $20.0 million, a decrease of 13.4%.

*Consolidated and Segment Results*

The following table presents our revenue and operating earnings (loss) by segment for the second quarter of 2011 and 2010 (dollars in millions).

2Q

2Q

2011

2010

% Change

*Revenue:*

Publishing

$ 44.1

$ 47.4

(6.9

)

Broadcasting

46.1

47.0

(2.0

)

Corporate eliminations

(0.1

)

(0.1

)

*uSell now to display Gazelle’s offers for used consumer electronics*

*uSell to immediately offer Gazelle’s industry-leading customer experience and product to all customers*

FT. LAUDERDALE, Fla.–(BUSINESS WIRE http://www.businesswire.com/)–Upstream Worldwide, Inc. d/b/a uSell.com (OTCBB:UPST), the Cash Commerce Platform™, today announced that it will begin displaying offers from Gazelle, an industry leading direct-to-consumer *reCommerce™** *website that provides an easy, fast and safe way for consumers to get cash for their unwanted electronic devices. Gazelle becomes one of uSell’s buyers under its new platform, which instantly finds top cash offers from participating buyers. The site also shares valuable information to help consumers make the best choice for selling their used technology, including reputable third-party evaluations and user reviews.

*“Our top priority as the leading platform for comparing cash offers for used electronics is to align ourselves with the most reputable and trustworthy partners so we can guarantee the best service and the highest cash payouts for sellers’ gadgets”*

“Our top priority as the leading platform for comparing cash offers for used electronics is to align ourselves with the most reputable and trustworthy partners so we can guarantee the best service and the highest cash payouts for sellers’ gadgets,” said Douglas Feirstein, Co-Founder and CEO of uSell. “Gazelle is a leader in the consumer electronic *reCommerce™* market, helping more than 175,000 consumers earn cash for their used electronics. This partnership strengthens the level of service we’re able to provide to our customers, allowing us to better leverage our wide reaching national advertising strategies.”

Effective immediately, consumers looking to sell their gadgets on uSell will be able to objectively view offers from Gazelle and other trusted uSell partners. After selecting which service they want to use, uSell will direct the seller to the buyer’s website. The buyer will then purchase the unwanted item directly from the seller, providing a free shipping label and, upon receipt and appraisal of the items, fast payment.

”Our mission is to redefine the consumption of consumer electronics by changing the way people think about buying, owning, selling and recycling their gadgets,” said Israel Ganot, co-founder and CEO of Gazelle. “We look forward to being a part of uSell’s platform so we can further our mission by bringing our award-winning and trusted service and experience to customers who come through their site.”

Consumers can offer up a myriad of electronics to sell on uSell, including cell phones, tablets, mp3 players, digital cameras and much more. All electronics will either be resold for reuse or responsibly recycled depending on their condition.

Convenient and trusted, uSell helps consumers avoid the hassle and risk of peer-to-peer sales channels such as eBay and Craigslist.

*About uSell.com*

uSell.com is the Cash Commerce Platform. uSell finds the highest cash offers from top-rated buyers for your cell phones and electronics – and everybody needs extra cash. uSell’s 100% Max Cash Guarantee ensures you get the most cash or we’ll pay the difference. uSell is a subsidiary of Upstream Worldwide, Inc., a publicly traded company headquartered in Ft. Lauderdale, FL. Cash Commerce Platform and Max Cash Guarantee are Trademarks of uSell and Upstream. For more information please, visit www.uSell.com .

*About Gazelle*

Gazelle (www.gazelle.com), a service of Second Rotation, Inc., is committed to providing an easy, fast, and safe way for consumers to get cash for selling unwanted electronics or to recycle them responsibly. To date, more than 175,000 consumers have used the service as a way to clean out closets, get cash and help out a good cause. In addition, Gazelle empowers consumers to avoid time-consuming and risky online experiences associated with peer-to-peer selling. Consumers can rest assured that all personal information is thoroughly removed from their item while benefiting from conveniences like free shipping and packaging. Based in Boston, Gazelle is backed by premier venture capital firms Craton Equity Partners, Physic Ventures, Venrock Associates and RockPort Capital Partners.

*Mediaspectrum Introduces Mediaspectrum Sales* *The Ultimate Ad Sales Platform for Media Companies*

- *Offers a single environment to handle the various forms of ad types across all available media outputs and devices, including the iPad and iPhone; digital ads such as banners, social, and search; as well as ads for print.* – *Powers the most complex ad scheduling needs, including pricing, targeting, inventory, and fulfillment criteria across all networks.* – *Handles CRM, order entry, and financial requirements seamlessly.* – *Delivers the most complete, flexible solution for publishers to manage & advance their advertising sales in mobile, print, Web, and beyond.*

Boston, MA – July 27, 2011 – Mediaspectrum, Inc.® today announced significant developments to its flagship advertising platform with the launch of Mediaspectrum Sales. Built to manage every advertising format, sales campaign, and customer account across every available media channel and device— Mediaspectrum Sales boasts the industry’s most comprehensive, state-of-the-art technology for mobile and multi-channel publishing.

As media evolves, new mobile devices and digital ad formats are rapidly expanding the advertising market into a vast array of potential new revenue opportunities. Meanwhile, many publishers still rely on outdated and fragmented technology systems that prevent them from taking advantage of today’s diverse media and advertising audiences. Mediaspectrum Sales provides the solution—and unlocks publishers’ full growth potential—by integrating the entire ad supply chain onto one consolidated platform.

Built from 100 percent pure Web Services, the platform’s open architecture pulls together all personnel involved within the advertising lifecycle. Every key contributor, from advertisers to sales staff to production to billing, is connected within a single and Web-based ad booking environment for managing sales, order entry, delivery, performance, and payment. Leveraging its industry-leading technology, Mediaspectrum Sales allows media companies to move beyond disparate legacy systems and transform their businesses to handle today’s most modern and demanding advertising models.

“Ad organizations have been plugging and patching their legacy systems for years, trying to get a bigger piece of the advertising pie,” said Scott Killoh, CEO at Mediaspectrum. “As the transition from print unfolds, publishers require a streamlined and future-proof technology alternative for managing their businesses in mobile and whatever comes next. This is exactly what Mediaspectrum Sales brings to the market, with unmatched power and results. Media companies looking to transform and adapt their digital operations cannot afford to invest in anything less.”

*Mediaspectrum Sales – Advertising Transformed * Mediaspectrum Sales is the world’s most complete and flexible ad sales and order management platform. It integrates the following key features and benefits:

- Manages ad campaigns across all channels and devices, including the iPad and iPhone; digital ad types such as banners, social, and search; as well as ads for video and print. – Powers the most complex ad scheduling needs including pricing, targeting, inventory, and fulfillment criteria across all networks. – Offers “mix-and-match” capabilities for sales staff to create the perfect campaign, along with simpler self-service packages that enable smaller advertisers to easily target their ideal audience 24 hours a day. – Drives the customer relationship with a full suite of built-in CRM capabilities for managing customer contacts and agency/client relationships.

- Handles financial requirements, including contracts, adjustments, invoicing, credit, approvals, and more. – Offers a content agnostic environment to handle the various forms of ad types, including hi-resolution print, simple banner ads, rich media files, text ads, and video.

Available today, Mediaspectrum Sales joins Mediaspectrum’s family of award-winning solutions that support all the participants in the mobile and multi-channel ecosystem. Its applications cover advertising, content management, customer relationship management, and publishing for every media format. Publishers can run these solutions in the Mediaspectrum Cloud, or host them locally within the organization.

About Mediaspectrum

Mediaspectrum provides the world’s only cloud technology platform for mobile advertising, content, and publishing. With billions of dollars of advertising and content that pass through our systems, we empower the world’s largest publishers in the mobile age. Mediaspectrum is a Boston-based company with approximately 100 employees worldwide, including offices in Boston, London, Moscow and Sydney. We are also found on the Web at http://www.mediaspectrum.net .

*Detroit, Seattle, Boston, Minneapolis, and Baltimore Show Hiring Gains, Says New CareerCast.com/JobSerf Employment Index** *

*Los Angeles and Miami Show Double Digit Job Losses

*****

CARLSBAD, CA/RICHARDSON, TX (July 26, 2011) – Managerial recruitment activity continued to slide for the third month in a row, with a loss of 2.1 points in July, according to the new CareerCast.com/JobSerf Employment Index. The July 2011 Index, which measures managerial hiring activity online, is 8.7 points lower than it was in July 2010, a sign that the job recovery has still not taken hold. ****

** **

“We are not seeing an improvement in hiring during the summer months, which is typical for this time of year,” says Tony Lee, publisher, CareerCast.com. “Although summertime may be the slowest for new opportunities, job seekers should not discontinue their search for employment since there may be less competition as some take the summer off from the job hunt.”****

** **

Los Angeles, which saw a gain of 13% in managerial hiring in June, was the biggest loser this month with a 15% decline in hiring activity. Miami, another big winner in June (+10%), saw an 11% hiring decrease in July. Louisville, which dropped 12% in June, fell another 8% in July.****

** **

On the bright side, five cities saw double digit gains this month, including Detroit (+14%), Seattle (+12%), Boston (+11%), Minneapolis (+10%) and Baltimore (+10%). ****

** **

“The downward trend in hiring over the past three months is a reflection of our stagnant economy,” says Jay Martin, COO, JobSerf. “Once companies begin growing their businesses, we should see an upward tick in the employment picture.”****

** **

The CareerCast.com/JobSerf Employment Index per capita hiring levels for U.S. cities in July are:****

** **

1. Washington, DC – 162****

2. Boston – 146****

3. San Francisco – 115****

4. Seattle – 115****

5. Atlanta – 92****

6. Baltimore – 89****

7. Chicago – 86****

8. Denver – 79****

9. New York City – 77****

10. Nashville – 76****

11. Philadelphia – 70****

12. Dallas – 69****

13. Cleveland – 68****

14. Hartford – 67****

15. Minneapolis – 65****

16. Houston – 63****

17. Milwaukee – 62****

18. San Diego – 59****

19. Indianapolis – 59****

20. Pittsburgh – 59****

21. Cincinnati – 55****

22. Louisville – 55****

23. St. Louis – 53****

24. Phoenix – 52****

25. Los Angeles – 50****

26. Miami – 49****

27. Tampa – 47****

28. Detroit – 42****

29. Memphis– 39****

30. Riverside – 23****

** **

The CareerCast.com/JobSerf Employment Index is an exclusive barometer showing managerial hiring activity based on the number of jobs posted online nationally. The Index reveals the differences in job listings by month, and offers valuable trends and forecasts using proprietary employment data hand-counted by a team of researchers.****

** **

To read the full report and get more information on the best and worst cities to find a job, visit www.careercast.com/career-guidance/employment-trends.****

** **

*About JobSerf *JobSerf, Inc. (www.jobserf.com) is a privately held Texas-based corporation that pioneered the job search outsourcing (JSO) industry with its revolutionary ‘Find & Apply’ service. The company’s patent-pending process provides for an affordable means to both ‘find & apply’ for jobs on behalf of clients. For more information, visit the website at www.jobserf.com.****

** ** About CareerCast.com ****

CareerCast.com http://www.careercast.com/, created by Adicio, is a job search portal that offers extensive local, niche and national job listings from across North America, job-hunting, career-management and HR-focused editorial content, videos and blogs, and provides recruiters with the ability to post jobs directly to more than 800 niche career sites. CareerCast.com also compiles the Jobs Rated Report (www.jobsrated.com), where 200 jobs across North America are ranked based on detailed analysis of specific careers factors. ****

** **

###****

** **

Editor’s Note: Historical hiring data is available upon request. ****

** **

Media Contact: Beth Brody, Brody PR****

609-397-3737****

beth@brodypr.com****

*Detroit, Seattle, Boston, Minneapolis, and Baltimore Show Hiring Gains, Says New CareerCast.com/JobSerf Employment Index** *

*Los Angeles and Miami Show Double Digit Job Losses

*****

CARLSBAD, CA/RICHARDSON, TX (July 26, 2011) – Managerial recruitment activity continued to slide for the third month in a row, with a loss of 2.1 points in July, according to the new CareerCast.com/JobSerf Employment Index. The July 2011 Index, which measures managerial hiring activity online, is 8.7 points lower than it was in July 2010, a sign that the job recovery has still not taken hold. ****

** **

“We are not seeing an improvement in hiring during the summer months, which is typical for this time of year,” says Tony Lee, publisher, CareerCast.com. “Although summertime may be the slowest for new opportunities, job seekers should not discontinue their search for employment since there may be less competition as some take the summer off from the job hunt.”****

** **

Los Angeles, which saw a gain of 13% in managerial hiring in June, was the biggest loser this month with a 15% decline in hiring activity. Miami, another big winner in June (+10%), saw an 11% hiring decrease in July. Louisville, which dropped 12% in June, fell another 8% in July.****

** **

On the bright side, five cities saw double digit gains this month, including Detroit (+14%), Seattle (+12%), Boston (+11%), Minneapolis (+10%) and Baltimore (+10%). ****

** **

“The downward trend in hiring over the past three months is a reflection of our stagnant economy,” says Jay Martin, COO, JobSerf. “Once companies begin growing their businesses, we should see an upward tick in the employment picture.”****

** **

The CareerCast.com/JobSerf Employment Index per capita hiring levels for U.S. cities in July are:****

** **

1. Washington, DC – 162****

2. Boston – 146****

3. San Francisco – 115****

4. Seattle – 115****

5. Atlanta – 92****

6. Baltimore – 89****

7. Chicago – 86****

8. Denver – 79****

9. New York City – 77****

10. Nashville – 76****

11. Philadelphia – 70****

12. Dallas – 69****

13. Cleveland – 68****

14. Hartford – 67****

15. Minneapolis – 65****

16. Houston – 63****

17. Milwaukee – 62****

18. San Diego – 59****

19. Indianapolis – 59****

20. Pittsburgh – 59****

21. Cincinnati – 55****

22. Louisville – 55****

23. St. Louis – 53****

24. Phoenix – 52****

25. Los Angeles – 50****

26. Miami – 49****

27. Tampa – 47****

28. Detroit – 42****

29. Memphis– 39****

30. Riverside – 23****

** **

The CareerCast.com/JobSerf Employment Index is an exclusive barometer showing managerial hiring activity based on the number of jobs posted online nationally. The Index reveals the differences in job listings by month, and offers valuable trends and forecasts using proprietary employment data hand-counted by a team of researchers.****

** **

To read the full report and get more information on the best and worst cities to find a job, visit www.careercast.com/career-guidance/employment-trends.****

** **

*About JobSerf *JobSerf, Inc. (www.jobserf.com) is a privately held Texas-based corporation that pioneered the job search outsourcing (JSO) industry with its revolutionary ‘Find & Apply’ service. The company’s patent-pending process provides for an affordable means to both ‘find & apply’ for jobs on behalf of clients. For more information, visit the website at www.jobserf.com.****

** ** About CareerCast.com ****

CareerCast.com http://www.careercast.com/, created by Adicio, is a job search portal that offers extensive local, niche and national job listings from across North America, job-hunting, career-management and HR-focused editorial content, videos and blogs, and provides recruiters with the ability to post jobs directly to more than 800 niche career sites. CareerCast.com also compiles the Jobs Rated Report (www.jobsrated.com), where 200 jobs across North America are ranked based on detailed analysis of specific careers factors. ****

** _______________________________________________

*World Company Launches GiveBack “Buy Local” Program in Steamboat, CO;*

*Partners with Sundrop Mobile for Turn-key Community-wide Loyalty Program*

Lawrence, KS & Orlando, FL – (July 25, 2011) – World Company is launching its successful GiveBack “Buy Local” program (http://www.give-back.us/) in Steamboat and Craig, Colorado, as the precursor to making the program available as a turn-key system for municipalities, Chambers of Commerce, local buying groups, and media partners early next year. As part of the turn-key conversion and new market roll-out, World Company has partnered with Sundrop Mobile, the leader in POS-integrated mobile loyalty solutions, as the enabling technology partner for the program going forward.

GiveBack started in 2009 in Lawrence, KS as a “Buy Local” initiative. Lawrence, KS has approximately 35,000 households with a total population of 85,000 residents. In 2 years, 20,000 residents have enrolled in the program resulting in $11,000,000 in local expenditures and over $120,000 given to local charities. The Lawrence GiveBack program has 68 participating merchants and has generated interest from other communities nationwide looking to emulate the program’s success in Lawrence.

Consumers are encouraged to buy locally by registering with GiveBack. Then, purchases at participating businesses help consumers earn points toward a gift issuance on their card while simultaneously triggering a contribution to local charities. The GiveBack program uses permission-based marketing services to drive those consumers to other participating local businesses, which helps keep tax revenue in the community, funds local charitable causes, and builds community businesses.

World Company has solved the problems associated with a multiple merchant loyalty program, and leveraging Sundrop Mobile’s underlying technology, can now more easily deploy a community-wide program that is both cost-effective and easy to administer. After launching in Steamboat and Craig, CO, World Company and Sundrop are going to re-package the program into a turn-key solution for other organizations to deploy in their own communities.

For more information about GiveBack and to register interest in running a GiveBack “Buy Local” program in your own community, visit http://www.give-back.us/.

About World Company

The World Company, founded over 100 years ago, provides news and information to communities in Northeast Kansas through its newspapers, its magazines and through digital and mobile platforms. Its web sites, including LJWorld.com and KUSports.com, have earned dozens of national and international awards. The company’s innovations include a software division, Mediaphormedia™ LLC, that licenses the Ellington™ content management system, the Ellington™ Marketplace local directory service, and other digital services. The group that is now known as Mediaphormedia also created the Django web framework in 2004, and then released it as open source in 2005.

About Sundrop

Sundrop Mobile is a mobile marketing and loyalty solutions provider. Sundrop operates an automated, “card-less” mobile loyalty program, loyalTXT, that uses a customer’s mobile number as their “loyalty card,” text messaging with email for data collection and communication, and seamlessly integrates social media and location-based services. Sundrop introduces businesses to their customers by providing the infrastructure and expertise that empowers merchants to reach their customers via mobile, email, social media, and location-based marketing — anytime. Sundrop helps businesses become mobile, social, and local. www.sundropmobile.com

CareerBuilder’s Small Business Job Forecast Points to Improved, But Cautious Hiring in the Second Half of 2011

CHICAGO, July 21, 2011 /PRNewswire/ — Small business hiring in the back half of 2011 is expected to be better than 2010, but caution continues to steer the pace of job creation post-recession. This is according to CareerBuilder’s nationwide survey of more than 1,400 small businesses (defined as companies with 500 or fewer employees), between May 19 and June 8, 2011.

“Right now there is a multi-speed labor market with smaller organizations slower to add new headcount,” said Matt Ferguson, CEO of CareerBuilder. “There was a chill effect on confidence levels coming out of the last recession and small businesses are still waiting to see how the market will unfold before committing to fully expanded staffs. Hiring in this segment will continue with modest gains in the second half of the year.”

Full-time Hiring

The number of small businesses planning to hire full-time, permanent employees from July through December rose six percentage points over last year. As small companies gradually increase headcount, larger companies are hiring at a more accelerated pace.

TRULIA LAUNCHES INSTANT LEADS, TWILIO-POWERED FUNCTIONALITY TO HELP REAL ESTATE PROFESSIONALS TURN MORE ONLINE LEADS INTO CLIENTS Agents Can Now Instantly Connect to Home Buyers and Sellers Using Their Mobile Phones While They Are On-The-Go

SAN FRANCISCO, July 21, 2011 – Trulia.com, a leading site for real estate professionals, home buyers and sellers, today announced the launch of Trulia Instant Leads, a new online real estate lead notification system powered by Twilio (www.twilio.com), a leading communications provider. Trulia Instant Leads helps real estate professionals meet more clients by automatically calling the agent’s mobile phone when consumers leave their phone number, instantly connecting both parties live on a phone call. When consumers do not leave a phone number, or agents cannot answer the phone, Instant Leads will automatically send the agent a SMS text message with the consumer’s contact information.

Using Trulia Instant Leads enables agents to gain first mover advantage in responding to leads, increasing their chances of converting their leads into clients. Instant Leads is currently provided with every Trulia Pro subscription. To learn more about instant leads visithttp :// http://trulia.com/instanttrulia http://trulia.com/instant. com http://trulia.com/instant/ http://trulia.com/instantinstant .

“Using Twilio, we’ve built what we believe to be a one-of-a kind powerful service that gives agents the opportunity to respond quickly to consumers’ inquiries, meet more clients and close more transactions,” said Georg Gerstenfeld, VP of Business Services at Trulia. “Twilio’s technology has allowed Trulia to create instant connections between consumers and real estate professionals. When consumers get a quick response it allows agents to build more relationships with potential clients.”

“Trulia has led the way in many aspects of connecting buyers to properties and agents in the real estate market, and Trulia Instant Leads is a great use of Twilio’s voice and text messaging products,” said Jeff Lawson, Twilio CEO. “We’re excited to power another transformative product from an industry-leader, and expect Trulia Instant Leads will re-invent how agents connect with consumers.”

*Instant Leads Increases The Chance of Turning Online Leads Into a Client 100X *Agents who have instant access to their leads and respond to inquiries within the first five minutes have a greater likelihood of connecting with leads on the first call. Research has shown that the odds of contacting an online lead if called within the first 5 minutes versus 30 minutes drops 100 times, and the odds of qualifying an online lead if called within the first 5 minutes versus 30 minutes drops 21 times[1]. Using Instant Leads and responding to online leads immediately can allow agents to catch the consumer at the peak of interest—while they’re still searching online and near a phone.

Consumers often inquire about multiple properties, making a quick response time the single most important opportunity for agents to earn the consumer’s trust and business. Trulia’s research show that consumers associate online inquiries with immediate response. The California Association of Realtors has also published similar consumer behavior findings:

● 86 percent of leads considered response time to be “extremely important” when deciding on their real estate agent

● 31 percent of leads expected a real estate agent to reply instantly to their online inquiry

● 96 percent of leads expected a real estate agent to contact them within 4 hours of their online inquiry[2]

*About Trulia Instant Leads *Trulia Instant Leads is an automatic lead notification system that helps you turn more online leads into clients. Agents using Instant Leads are immediately notified of leads they receive from Trulia though mobile SMS messages or a live call. When you receive inquiries containing phone numbers, Instant Leads will immediately connect you on a live call with the consumer. If the consumer doesn’t leave their phone number or if you are busy, Instant leads will send a text message to your phone with the consumer’s information. Instant Leads also tracks all phone lead information in your Trulia My Leads inbox so that the agent can view their leads’ contact information as well as listen to their phone conversations again in their My Leads inbox on Trulia. Instant Leads is currently included with all Trulia Pro subscriptions. To learn more about Instant Leads, please visit www http://www.trulia.com/instant. http://www.trulia.com/instanttrulia . http://www.trulia.com/instantcom http://www.trulia.com/instant/ instant http://www.trulia.com/instant.

* About Trulia, Inc.: *Trulia.com is the fastest growing online real estate site focused on empowering buyers, sellers and renters with smarter tools to help you find the right home. Trulia is headquartered in downtown San Francisco and is backed by Accel Partners and Sequoia Capital. Trulia is focused on helping you find the home that truly meets your needs, and delivers on what’s most important for you. Ultimately, we built a smart real estate search experience bringing together local information, community insights, market data and national listings all in one place.

*About Twilio, Inc.: *Twilio (www http://www.twilio.com/. http://www.twilio.com/twilio . http://www.twilio.com/com http://www.twilio.com/), the cloud communications company, is reinventing telecom by merging the worlds of cloud computing, web services and telecommunications. Twilio hosts a telephony infrastructure web service in the cloud, allowing web developers to integrate phone calls and text messages into their web, mobile, and traditional phone applications. Twilio’s mission is to simplify the world of telecom by providing simple, powerful, pay-as-you-go infrastructure as a service that can be used by any web developer to build rich communications experiences.

*

*[1] Study conducted by InsideSales.com and Dr. James Oldroyd of MIT, October 2007

[2] California Association of Realtors survey, 2008

Gumiyo opens new offices in Chicago & Hamburg

Woodland Hills, CA (PRWEB) July 17, 2011

Gumiyo ( http://www.gumiyo.com http://www.gumiyo.com/), a leading provider of mobile marketing solutions, is very pleased to announce the expansion of their business with new branches in Chicago, Illinois and Hamburg, Germany.

Gumiyo has a long history of working with clients and consultants in the Greater Chicago area. Their new office in Chicago will further enhance their business relationships, and will bring the Gumiyo team’s expertise even closer to these business communities.

“We saw a need and an opportunity to bring the Chicago area a local support and sales resource,” said the co-founder and CEO, Shuki Lehavi. “With our new branch, we’ll be able to provide our clients more of the personal service Gumiyo is known for.”

In addition to the new branch in Chicago, Gumiyo is adding a regional sales office to its growing international presence. With well-established offices throughout Australia, Singapore and South Africa, Gumiyo has extended its reach around the world. In addition to having a number of large clients in Northern Germany, Hamburg provides an ideal central location to serve the whole of Europe.

“Gumiyo has been aggressively expanding its sales reach throughout Asia and Africa and Europe is a logical next step for us,” says Rich Abronson, co-founder and VP, Agency & Media Services.

Gumiyo will maintain their current headquarters in Woodland Hills, California – and they look forward to continuing to flourish in an ever-growing mobile industry.

About Gumiyo (http://www.gumiyo.com) Gumiyo is a mobile solutions company and provider of the Mobile Ready Platform, a flexible suite of tools and services that enables nearly any business to combine iPhone applications, SMS, and the Mobile Web to:

· Launch a consumer-facing mobile presence

· Publish data, content, inventory and listings to mobile phones

· Run comprehensive mobile marketing campaigns

As one of the earliest entrants in the field of mobile classifieds and mobile marketing solutions; Gumiyo has built a reputation for expertise in mobile-based programming and strategic planning, mobile content development and monetization, and mobile execution strategies for newspapers and media companies, retail automotive solutions providers, real estate professionals, and marketing agencies.

*YAHOO! REPORTS SECOND QUARTER 2011 RESULTS*

*Earnings Per Share Increased 18% Year over Year with Income from Operations Increasing 9%*

*SUNNYVALE, California, July 19, 2011* – Yahoo! Inc. (NASDAQ: YHOO) today reported results for the quarter ended June 30, 2011. Revenue excluding traffic acquisition costs (“revenue ex-TAC”) was $1,076 million for the second quarter of 2011, a 5 percent decrease from the second quarter of 2010, primarily due to the revenue share related to the Search Agreement with Microsoft.

Excluding this item and other special items, revenue ex-TAC for the second quarter of 2011 increased 1 percent year over year. Special items include the impact of the divestiture of HotJobs, broadband deferred revenue amortization, and certain fee rate reductions.

GAAP revenue was $1,229 million for the second quarter of 2011, a 23 percent decrease from the second quarter of 2010, primarily due to the required change in revenue presentation related to the Search Agreement and the associated revenue share with Microsoft. Excluding the impact of these two items and the impact of the divestiture of HotJobs, broadband deferred revenue amortization, and certain fee rate reductions, revenue for the second quarter of 2011 decreased 9 percent compared to the second quarter of 2010.

Income from operations increased 9 percent to $191 million in the second quarter of 2011, compared to $175 million in the second quarter of 2010. Net earnings per diluted share increased 18 percent to $0.18 in the second quarter of 2011, compared to $0.15 in the second quarter of 2010.

*Financials at a Glance – *Quarterly Results (in millions, except percentages and per share amounts)

Q2 2010 Q2 2011 Percent Change:

ü Revenue ex-TAC $1,128 $1,076 (5)%

ü GAAP revenue $1,601 $1,229 (23)%

ü Income from operations $175 $191 9%

ü Net earnings $213 $237 11%

ü Net earnings per diluted share $0.15 $0.18 18% “For the quarter, earnings per share was up by 18% year over year.

“We made clear progress in search, and saw strong growth in engagement on our media properties,” said Carol Bartz, CEO of Yahoo!. “We experienced softness in display revenue in the second half of the quarter due to comprehensive changes we have made in our sales organization to position ourselves for more rapid display growth in the future.”

*Business Highlights *

ü Yahoo! is home to nine #1 properties globally, and is in the top three in 23 categories. Yahoo! has nine out of the top ten original video programs on the Web.

ü Yahoo! continued to modernize its technology platforms, with 33 additional sites across the Americas, EMEA and Asia Pacific going live on the new global content platform in the quarter, bringing the total to 67.

ü Yahoo! News in the U.S. went live in the quarter, the largest site to migrate to date.

ü Yahoo! continued to break its traffic records with news events including the Royal Wedding in April. Marking the largest one day event with more than 400 million page views, Yahoo! operated the Internet’s number one Royal Wedding site. People also turned to Yahoo! when news of the death of Osama bin Laden broke, with almost 900 million page views on Yahoo! News, 50 million video streams and 500 million photos viewed in the first week.

ü Yahoo! launched its new version of Mail offering a faster, safer and easier to use version of the #1 U.S. email.

ü Yahoo! introduced Yahoo! App Search for the PC and Yahoo! AppSpot, a free mobile app for iPhone and Android users, to help users discover new and relevant mobile apps. Using Yahoo!’s powerful search technology, App Search and AppSpot allow users to zero-in on any app by showing matching app titles with a full comprehensive description, price, overall star rating from users, and screenshots in one spot.

ü Yahoo! and Benchmark Capital announced the formation of Hortonworks, an independent company consisting of key architects and core contributors to the open source Apache™ Hadoop™ technology pioneered by Yahoo!.

ü Yahoo! acquired IntoNow, enabling Yahoo! to provide enhanced media experiences and video programming, bolstering social engagement across the Yahoo! network and on all screens.

ü Yahoo! acquired 5to1, an online advertising alliance consisting exclusively of major media publishers. Built on a proprietary publisher-controlled platform, 5to1 offers top brand advertisers premium inventory at mass scale.

ü Yahoo! continued to introduce new original video programming including “In the Dressing Room” from Cat Deeley, the host of FOX Broadcasting Company’s number one dance show “So You Think You Can Dance” and “Trending Now,” which quickly became the second most popular program on Yahoo! News.

*Search Alliance Costs and Reimbursements *

Yahoo!’s results for the second quarter of 2011 reflect $55 million in search operating cost reimbursements and $12 million in transition cost reimbursements from Microsoft under the Search Agreement, which amounts are equal to the search operating costs and the transition costs incurred by Yahoo! in the second quarter. Transition cost reimbursements are subject to a $150 million cap, and through the second quarter aggregate transition costs of $146 million had been incurred. Search operating cost reimbursements are expected to continue to decline as Yahoo! fully transitions all markets to Microsoft’s search platform and the underlying expenses are no longer incurred under our cost structure. Our business outlook for total expenses reflects these anticipated savings. The net impact of the transition costs and transition cost reimbursements were neutral to total operating expenses in the second quarter, as expected.

*Second Quarter 2011 Revenue Results *

ü  Display revenue ex-TAC increased 5 percent to $467 million, compared to $445 million for the second quarter of 2010.

ü  GAAP display revenue increased 2 percent to $524 million, compared to $514 million for the second quarter of 2010.

ü Search revenue ex-TAC was $371 million, a 15 percent decrease compared to $438 million for the second quarter of 2010.

ü GAAP search revenue was $467 million, a 45 percent decrease compared to $842 million for the second quarter of 2010.

*Cash Flow and Cash Balance *

ü  Cash flow from operating activities for the second quarter of 2011 was $331 million, a 5 percent decrease compared to $347 million for the same period of 2010.

ü  Free cash flow was $96 million for the second quarter of 2011, a 25 percent decrease compared to $127 million for the same period of 2010.

ü  Cash, cash equivalents, and investments in marketable debt securities were $3,255 million at June 30, 2011 compared to $3,629 million at December 31, 2010, a decrease of $374 million. During the second quarter of 2011, Yahoo! repurchased 30 million shares for $472 million.

*Business Outlook *

Revenue ex-TAC for the third quarter of 2011 is expected to be in the range of $1,050 million to $1,100 million. Based on the terms of the Search Agreement with Microsoft, Microsoft retains a revenue share of 12 percent of the net (after TAC) search revenue generated on Yahoo! Properties and Affiliate sites in transitioned markets. Yahoo! reports the net revenue it receives under the Search Agreement as revenue and no longer presents the associated TAC within cost of revenue. Accordingly, for transitioned markets Yahoo! reports GAAP revenue associated with the Search Agreement on a net (after TAC) basis rather than a gross basis. For markets that have not yet transitioned, revenue continues to be recorded on a gross basis, and TAC is recorded in cost of revenue. Microsoft’s revenue share in the third quarter of 2011 is expected to be approximately $35 million. GAAP revenue for the third quarter of 2011 is expected to be in the range of $1,200 million to $1,260 million. Total expenses (cost of revenue plus total operating expenses) for the third quarter of 2011 is expected to be in the range of $1,065 million to $1,095 million. Total expenses less TAC for the third quarter of 2011 is expected to be in the range of $915 million to $935 million. Income from operations for the third quarter of 2011 is expected to be in the range of $135 million to $165 million.

Business outlook for revenue ex-TAC is being provided to reflect the underlying dynamics of the business during the Microsoft transition and to facilitate comparisons to prior periods.

*Note Regarding Non-GAAP Financial Measures *

This press release and its attachments include the following financial measures defined as non-GAAP financial measures by the Securities and Exchange Commission (“SEC”): revenue ex-TAC; free cash flow; total expenses less TAC; non-GAAP net income; and non-GAAP net income per diluted share. These measures may be different than nonGAAP financial measures used by other companies. The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with generally accepted accounting principles (“GAAP”). Explanations of the Company’s non-GAAP financial measures and reconciliations of these financial measures to the GAAP financial measures the Company considers most comparable are included in the accompanying “Note to Unaudited Condensed Consolidated Statements of Income,” “Supplemental Financial Data,” “GAAP Net Income to Non-GAAP Net Income Reconciliation,” and “Business Outlook.”

*About Yahoo!*

Yahoo! is the premier digital media company, creating deeply personal digital experiences that keep more than half a billion people connected to what matters most to them, across devices and around the globe. And Yahoo!’s unique combination of Science + Art + Scale connects advertisers to the consumers who build their businesses. Yahoo! is headquartered in Sunnyvale, California. For more information, visit the pressroom (pressroom.yahoo.net) or the company’s blog, Yodel Anecdotal (yodel.yahoo.com). “Affiliates” refers to the third-party entities that have integrated Yahoo!’s advertising offerings into their Websites or other offerings (those Websites and other offerings, “Affiliate sites”). “Search Agreement” refers to the Search and Advertising Services and Sales Agreement between Yahoo! and Microsoft Corporation. “TAC” refers to traffic acquisition costs. TAC consists of payments to Affiliates and payments made to companies that direct consumer and business traffic to Yahoo! Properties. “Yahoo! Properties” refers to the online properties and services that Yahoo! provides to users.

This press release and its attachments contain forward-looking statements concerning Yahoo!’s expected financial performance (including, without limitation, statements and information in the Business Outlook and Search Alliance Costs and Reimbursements sections and the quotation from management), as well as Yahoo!’s strategic and operational plans. Risks and uncertainties may cause actual results to differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the impact of management and organizational changes; the implementation and results of Yahoo!’s ongoing strategic and cost initiatives; Yahoo!’s ability to compete with new or existing competitors; reduction in spending by, or loss of, advertising customers; the demand by customers for Yahoo!’s premium services; interruptions or delays in the provision of Yahoo!’s services; security breaches; acceptance by users of new products and services; risks related to joint ventures and the integration of acquisitions; risks related to Yahoo!’s international operations; failure to manage growth and diversification; adverse results in litigation, including intellectual property infringement claims and recent derivative and class actions related to Alipay; Yahoo!’s ability to protect its intellectual property and the value of its brands; dependence on key personnel; dependence on third parties for technology, services, content, and distribution; general economic conditions and changes in economic conditions; transition and implementation risks associated with the Search Agreement with Microsoft Corporation; and the failure to reach agreement with Alibaba Group and Softbank Corporation regarding Alipay on satisfactory terms or at all. All information set forth in this press release and its attachments is as of July 19, 2011. Yahoo! does not intend, and undertakes no duty, to update this information to reflect subsequent events or circumstances; however, Yahoo! may update its business outlook or any portion thereof at any time in its discretion. More information about potential factors that could affect the Company’s business and financial results is included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2010, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2011, which are on file with the SEC and available on the SEC’s website at www.sec.gov. Additional information will also be set forth in those sections in Yahoo!’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2011, which will be filed with the SEC in the third quarter of 2011.

Yahoo! and the Yahoo! logos are trademarks and/or registered trademarks of Yahoo! Inc. All other names are trademarks and/or registered trademarks of their respective owners

*Media General Reports Second-Quarter 2011 Results*

*RICHMOND, Va.* – Media General, Inc. (NYSE: MEG), a multimedia provider of broadcast television, digital media and print products, today reported operating income in the second quarter of 2011 of $6.8 million, compared with $16.3 million in the second quarter last year. Interest expense of approximately $17 million in both years and non-cash tax expense in both years together produced a net loss in the second quarter of 2011 of $15.4 million, or 68 cents per share, compared with a net loss of $4.3 million, or 19 cents per share, last year.

Total revenues in the quarter decreased by $11.4 million, or 6.8 percent, to $154.8 million. Last year’s revenues included $7 million of Political advertising spending, compared with $600,000 this year, and approximately $1 million of BP image advertising related to the Gulf of Mexico oil spill. Total operating costs were down 1.2 percent from last year, including approximately $1.6 million of severance expense in this year’s second quarter.

“Media General’s second-quarter results reflected the impact of a faltering economic recovery. Our broadcast television stations and website operations delivered relatively strong results, while our print operations, which are more immediately sensitive to economic shifts, and advertising services, were weaker,” said Marshall N. Morton, president and chief executive officer. “To counter economic weakness, we have reduced discretionary spending, implemented targeted reductions in force and scheduled a furlough program for the second half of the year. We now expect total operating costs for this year to be down 3 percent from last year,” Mr. Morton said. “We’ve also lowered our capital spending plan to $20-22 million for the year, down from $20-25 million,” he said.

“Our television stations did an excellent job of replacing a large portion of last year’s Political revenues. Excluding Political advertising in both years, broadcast revenues increased 6.6 percent in the second quarter. Local time sales grew 5.5 percent while National time sales increased 2.3 percent,” Mr. Morton said. “We have garnered Political advocacy advertising in several markets already this year and we look for heightened activity in the second half of this year. We currently expect total Political revenues for 2011 to be approximately $7 million. Automotive advertising, which weakened in the past few months, is expected to strengthen by the end of summer,” he said.

“Our local media websites generated an 18 percent increase in revenues, set a quarterly record with $8 million in revenues, and were profitable. Four of our five geographic markets generated double-digit percentage increases in revenues over the prior-year’s quarter. Digital media revenues grew 19 percent in our Virginia/Tennessee market, 42 percent in the Mid-South, 13 percent in North Carolina, 11 percent in Ohio/Rhode Island, and 8 percent in Florida. This growth is due in part to strong partnerships with Yahoo!, Monster (formerly Yahoo! HotJobs), Zillow and mobile advertising. Local online revenues increased 31 percent, as a result of our focus on digital sales. Online Classified revenues grew 8 percent and marked the sixth consecutive quarterly increase. Unique visitors to our websites increased 13 percent, reflecting audience growth from new sources such as mobile phones, tablets and social media,” Mr. Morton said. The strong performance of website operations was offset by lower results in Advertising Services, which caused total digital media revenues to decline 10.8 percent.

Print advertising remained weak in the quarter, impacted by lower advertising in all categories, particularly Classified. Total print revenues were down 9.7 percent. Classified advertising declined 22.3 percent, driven by lower foreclosure notices and continued weakness in real estate and employment classifieds. Local print revenues decreased 8 percent, reflecting softness in retail spending across most markets. National print revenues decreased 29.6 percent, mostly from the absence this year of the BP advertising.

The company’s focus on third-party printing and distribution revenues led to an increase of 35 percent. This reflects continued success in attracting outside distribution and commercial printing customers. All outside printing operations generated higher revenues, and the company gained new distribution business for national and local print publications.

*Market Segments* Virginia/Tennessee market profit in the second quarter was $6.1 million, compared with $10.5 million last year. Revenues declined 8.2 percent, primarily reflecting decreased print revenues. Expenses increased less than 1 percent. Local revenues decreased 5.1 percent, driven by declines on the print side, partially offset by increased Local revenues at the market’s two television stations. National revenues decreased 5.2 percent, due mostly to declines in Richmond. Classified revenues decreased 22.5 percent, as a result of lower legal, real estate and help-wanted advertising, partially offset by higher automotive advertising in several groups. Printing and distribution revenues increased 25.8 percent, reflecting new outside printing and delivery business.

The Florida market had a loss of $2.2 million, compared with a profit of $1.5 million a year ago. The decline was due to the absence of $1.5 million in Political revenues and more than $900,000 in non-recurring revenues from last year’s BP image advertising, along with continued weakness in print advertising. Revenues decreased 11.1 percent, and expenses declined 1.1 percent from last year, including severance costs of $754,000. Local revenues decreased 3.1 percent. Print drove the Local declines, partially offset by Local digital revenues, which increased 33.5 percent. National revenues decreased 22.1 percent, due primarily to the non-recurring BP revenues and weakness in telecommunications and other categories. Classified revenues decreased 17.7 percent as a result of continued weakness in real estate and employment classifieds. Printing and distribution revenues were up 12.5 percent.

Mid-South market profit was $7.2 million, compared with $9.6 million last year. Total revenues decreased 1.1 percent, and expenses increased 6 percent. Local advertising revenues increased 5.1 percent, as a result of higher broadcast and digital media advertising partially offset by print declines. National advertising rose 13.5 percent, with all 11 television Mid-South stations experiencing increases over prior-year levels. Classified revenues were down just 3.2 percent, the best year-to-year performance of any of the company’s geographic markets. Legal advertising remained steady in the Mid-South market and help-wanted advertising was up 3.4 percent from last year, reflecting higher digital Classified spending. Printing and distribution revenues were up 82.7 percent, due to a significant growth in third-party customers at several newspapers.

North Carolina market profit was $697,000 compared with $1.5 million last year. Revenues decreased 1.2 percent, and expenses increased 3.4 percent from last year, including severance costs of $371,000. Local revenues increased nearly 1 percent, reflecting higher Local digital spending and increased Local advertising at the Greenville television station. National revenues decreased 9.2 percent, due to weakness in certain categories at the Raleigh station and Winston-Salem Journal, partially offset by increased digital spending. Classified revenues decreased 19.1 percent, due to lower real estate and legal advertising. Printing and distribution revenues increased significantly from the addition of the printing of USA TODAY in Winston-Salem and from adding the delivery of the Charlotte Observer in certain areas we already serve in North Carolina.

Ohio/Rhode Island market profit of $3.5 million compared with $3.7 million last year. Total revenues increased 1.8 percent, reflecting higher Local spending this year at the market’s two NBC television stations. National advertising decreased 1.9 percent from last year. Expenses increased 3.8 percent.

The Advertising Services and Other segment loss of $1.3 million compared with a profit of $884,000 last year. The lower results were primarily due to a significant decrease in revenues at DealTaker.com, due to issues related to Google search algorithms, which DealTaker is taking aggressive actions to counter.

*Other Results* Interest expense was approximately $17 million in the current and prior-year quarters.

Corporate expense increased 2.7 percent from last year, due to higher salary and benefits expense.

Non-cash income tax expense in the second quarter was $5.2 million, compared with $3.6 million in 2010. The increase is due primarily to the absence of an intraperiod tax allocation related to the pension adjustment recorded in the second quarter of 2010. The unusual relationship of income tax expense to pre-tax loss was due to the “naked credit” issue discussed in the company’s public filings.

Newsprint expense in the second quarter increased 14 percent from last year’s quarter. While consumption declined modestly, the average price per ton this year was $604 compared with $535 last year.

Debt at the end of the second quarter was $659 million.

EBITDA (income before interest, taxes, depreciation and amortization) was $20 million in the second quarter of 2011*, *compared with* *$30 million* *in the 2010 period. After-Tax Cash Flow was $2.9 million, compared with $13 million in the prior-year’s quarter. Capital expenditures in the second quarter of 2011 were $6 million, compared with $6.7 million in the second quarter last year. Free Cash Flow (After-Tax Cash Flow minus capital expenditures) was* *a deficit of* *$3.1 million, compared with positive Free Cash Flow of $6.4 million in the prior-year period.

*Supplemental Platform Financial Information* On page 10 of this news release, Media General has provided revenues, depreciation and amortization, operating profit (loss), and cash flow by platform. This information for the first quarter of 2011, four quarters of 2010 and for the full year 2009 is available on the home page of the company’s website,www.mediageneral.com.

Media General provides the non-GAAP financial metrics EBITDA, After-Tax Cash Flow, and Free Cash Flow. The company believes these metrics, along with the supplemental platform results, are common alternative measures used by investors, financial analysts and rating agencies to evaluate a company’s ability to service its debt requirements and to estimate the value of the company. A reconciliation of these metrics to amounts on the GAAP statements has been included in this news release.

*Conference Call, Webcast and Financial Statements* The company will hold a conference call with financial analysts today at 11 a.m. ET. The conference call will be available to the media and general public through a limited number of listen-only dial-in conference lines and via simultaneous webcast. To dial in to the call, listeners may call 1-800-299-9630 about 10 minutes prior to the 11 a.m. start. The participant passcode is “Media General.” Listeners may also access the live webcast by logging on to www.mediageneral.com and clicking on the “Live Webcast” link on the homepage about 10 minutes in advance. A replay of the webcast will be available online at www.mediageneral.com beginning today at 2 p.m. A telephone replay is also available, beginning at 2 p.m. today and ending at 2 p.m. on July 27, 2011, by dialing 888-286-8010 or 617-801-6888, and using the passcode 81110152.**

*Forward-Looking Statements * This news release contains forward-looking statements that are subject to various risks and uncertainties and should be understood in the context of the company’s publicly available reports filed with the Securities and Exchange Commission. Media General’s future performance could differ materially from its current expectations.

About Media General Media General is a leading provider of news, information and entertainment across multiple media platforms, serving consumers and advertisers in strong local markets, primarily in the Southeastern United States. The company is transforming itself over time to a digital media model, while continuing to effectively manage its larger, cash producing broadcast television and print platforms. Media General’s operations are organized in five geographic market segments and a sixth segment that includes the company’s interactive advertising services and certain other operations. The company’s operations include 18 network-affiliated television stations and their associated websites and 23 newspapers and their associated websites. Media General operates three digital media advertising services companies: Blockdot, which specializes in interactive entertainment and advergaming technologies; DealTaker.com, a coupon and shopping website; and NetInformer, a leading provider of wireless media and mobile marketing services.

*FORSALEBYOWNER.COM RECOMMENDS FIVE RELIABLE SOURCES FOR ESTIMATING HOME VALUE SO HOMEOWNERS CAN AVOID FLAWED DATA*

FREE, ACCESSIBLE DATA PROVIDES UNBIASED ESTIMATES OF HOME VALUES

July 13, 2011 – Chicago – Unbiased, free data based on simple reporting – not flawed methodology – is the homeowners’ best source for estimating home value.

It’s not hard to assemble a comparative market analysis using these sources – and homeowners can trust data they collect directly from each source.

To help homeowners estimate the value of their houses, ForSaleByOwner.com offers a guide to five free, easy-to-use sources of data.

• The Federal Home Finance Authority’s House Price Index show home value trends for every metro area in the U.S. • The Federal Home Finance Authority’s House Price Calculator applies its index to specific homes, enabling homeowners to thumbnail the change in value since they bought the house. • County and municipal property tax records yield purchase prices for nearby houses. • County and municipal building permit records indicate which houses have been substantially improved. • FNC Inc.’s index blends recent home sale data with home improvement data to show the rise in actual home value for many major metro areas.

All of this data is put in context by the ForSaleByOwner.com Pricing Guide, which shows sellers and buyers how home value factors affect buying and selling today. The most authoritative source of home pricing is a full-fledged appraisal, which costs about $400, and mirrors the data used by lenders to approve a home mortgage.

“American homeowners deserve honest, transparent sources and methodology for home value statistics,” said Eddie Tyner, general manager of ForSaleByOwner.com. “It is part of the ForSaleByOwner.com mission to equip sellers and buyers with everything they need to advocate for themselves in today’s difficult housing market.”

About ForSaleByOwner.com

ForSaleByOwner.com is the nation’s largest and most robust “by owner” real estate website. In 2010 alone, ForSaleByOwner.com facilitated sales of $1.8 billion worth of residential real estate, enabling homeowners to keep at least $72 million* in home equity for themselves Since 1999, ForSaleByOwner.com has saved home sellers more than one billion dollars by coaching and equipping them with information, tools and services that enable them to buy and sell houses directly.

By selling directly, homeowners can recoup more of their home equity by controlling transaction fees. The company charges $89 to $689 for its wide range of advertising, listing services and related information and tools. A homeowner selling a $300,000 home through a full service real estate agent would lose $18,000 in equity, based on the traditional 6% commission.

ForSaleByOwner.com was acquired in 2006 by Tribune Digital, a division of Tribune Companies, and is based in Chicago.

*Based on some home sellers paying a 2% commission to the agent representing the buyers of their homes. The traditional real estate commission is 6%.