Brief: Local gets termination notice effective Nov. 1 from Yahoo, Yahoo EMEA

Local

19/06/2015 21:34

June 19 (Reuters) - Local Corporation  LOCM.O : 
 * Local corp-on June 15,got termination notice effective November 1,2015 from 
   yahoo,yahoo emea about certain Yahoo publisher network contract 1-26652287 
 * Local corp-agreement provides for distribution of yahoo's paid search results 
   for which co is compensated certain percentage of adjusted grossrevenue 
 * Effective date of the agreement is November 1, 2012 and was scheduled to end 
   on October 31, 2017 
 * Local corp - agreement represented material source of revenue for registrant, 
   including 43%-46% of registrant's total revenue in 2014,2013 
 
 * Source text for Eikon  ID:nEOL7M5yNs  
 
 * Further company coverage  LOCM.O   
 
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