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BUSINESS NEWS SITE CLOSES.(LocalBusiness.com)(Brief Article)

South Florida Business Journal

| May 11, 2001 | COPYRIGHT 1990 South Florida Business Journal, Inc. (Hide copyright information)Copyright

LocalBusiness.com, which had been building a national business news network, has shut down its sites, according to a source close to the Fort Lauderdale-based company.

The company's board is expected to look-at other options, the source said.

In December, LocalBusiness.com laid off 33 people, including 24 journalists -- about a third of its editorial staff.

In February, the company announced CEO Thomas Maffettone had resigned and been replaced by Jane Seagrave, former president of Legal …

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