American Towns: ‘Fastest Growing’ Hyperlocal

Last week AmericanTowns.com put out a press release that asserted the company was the “fastest growing hyperlocal digital media company in America”:

• 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 . . .

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