New York – Publisher Hearst Corp. has sold its 22% stake in Local.com, the provider of a local search engine, Barron's Tech Trader reported.

Hearst paid $6 million for the stake in February.

Irvine, Calif.-based Local.com has in recent weeks been granted several patents on location-based search and 411 directory service advertising technologies, which sent its shares soaring.

Related Links:
http://tinyurl.com/2rejws (Barron's Tech Trader)

http://tinyurl.com/3ykmcw (Reuters)

http://www.hearstcorp.com

http://www.local.com