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Subsequent Events | 9 Months Ended
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Sep. 30, 2012
Subsequent Events [Abstract] |
Subsequent Events | (16) Subsequent Events In October 2012, the Company’s board of directors declared a regular quarterly dividend in the amount of $0.035 per share on the Company’s Class A and Class B common stock. The Company will pay these dividends on November 15, 2012 to the holders of record as of the close of business on November 2, 2012. The Company expects to pay approximately $1.3 million for these quarterly dividends. On November 1, 2012, the Company announced that its board of directors has authorized the Company to pursue the separation of its business into two distinct publicly traded entities. The separation is expected to be a tax-free pro rata distribution in which the Company’s existing shareholders would hold interests in: (1) Marchex, a mobile advertising company focused on calls, and (2) Archeo, Inc. (“Archeo”), a domain and advertising marketplace. Completion of the proposed separation is subject to certain conditions, including final approval by the Company’s board of directors, receipt of regulatory approvals, favorable tax rulings and/or opinions regarding the tax-free nature of the transaction to the Company and to its shareholders, further due diligence as appropriate, and the filing and effectiveness of appropriate filings with the Securities and Exchange Commission.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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