Reglikedomain industry desk

Marchex CEO steps down

A fresh boss at Marchex and Q4 earnings released.

Marchex noted earnings today, and also disclosed that long time CEO Russell Horowitz has stepped down. Firm co-founder Pete Christothoulou has taken over the top post.

The firm, which derives the bulk of its revenue from performance advertising in which clients pay for phone calls, had a rocky 2014 following losing the bulk of its business from its biggest client. The stock trades for regarding $4.00 now, well below its 52-week high of $12.84.

Marchex also owns a sizable portfolio of domain names that it monetizes and sells through the Archeo Domains brand. The Archeo business noted revenue of $3.0 million for Q4 2014, and $14.5 million for the year. Both of these numbers are down from their prior respective periods.

Also on the wire

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