- Having achieved profitability at the end of 2009, AmericanTowns reported that revenues grew an additional 35 % during Q1.
- According to Quantcast, AmericanTowns ranked in the top 800 websites in the US in Q1, and one third of its traffic was from “regular users.”
- Revenues continue to be driven by local advertisers seeking local customers, at over 75% of advertising revenues.
The release also promotes a partnership with non-profit “Meals on Wheels.” Here’s the quote:
AmericanTowns is our second largest source of web traffic, second only to Google for referral visits,” explained Michael Flynn, Director of MOWAA.
AmericanTowns is a slow and steady network that doesn’t get lots of attention but has been gaining and growing largely “under the radar.” It would make a good acquisition for a newspaper publisher or other local media player (or online player). For example if Local.com were sitting on a mountain of cash it would make sense for them to acquire the company.
Yahoo could also probably do some interesting things with the network. And AOL might be a logical acquirer. Then of course there are the yellow pages publishers . . .