8-K

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549
FORM 8-K


CURRENT REPORTPursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported):  August 5, 2009
Move, Inc.(Exact name of registrant as specified in its charter)

Delaware	000-26659	95-4438337
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

30700 Russell Ranch Road
Westlake Village, California 91362
(Address of principal executive offices)
(Zip Code)

Registrant’s telephone number, including area code: (805) 557-2300


 (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

Item 2.02     Results of Operations and Financial Condition.

Item 9.01     Financial Statements and Exhibits.


SIGNATURE

EXHIBIT INDEX

EXHIBIT 99.1

Item 2.02     Results of Operations and Financial Condition.

On August 5, 2009, Move, Inc. issued a press release announcing its financial results for the quarter ended June 30, 2009.  A copy of that release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01     Financial Statements and Exhibits.

(d) Exhibits

99.1   Press Release announcing Move, Inc.’s financial results for the quarter ended June 30, 2009

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	MOVE, INC.
Date: August 5, 2009
	By:	/s/ Robert J. Krolik
		Robert J. Krolik
		Chief Financial Officer

EXHIBIT INDEX

Exhibit Number	Description
99.1	Press Release announcing Move, Inc.’s financial results for the quarter ended June 30, 2009

EX-99.1

Exhibit 99.1

Move, Inc. Announces Second Quarter 2009 Financial Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--August 5, 2009--Move, Inc. (NASDAQ:MOVE) reported financial results for the second quarter ended June 30, 2009.

Revenue for the second quarter was $54.6 million, compared to $61.4 million in the second quarter of 2008. Income from continuing operations for the second quarter was $2.1 million, compared to $2.1 million in the second quarter of 2008. Net income applicable to common stockholders was $3.2 million, or $0.02 per share, compared to a net loss of $2.2 million, or a loss of $0.01 per share in the second quarter of 2008.

Move's Adjusted EBITDA (earnings from continuing operations before interest, taxes, stock-based compensation and charges, depreciation, amortization and other non-recurring charges) on a non-GAAP basis for the second quarter of 2009 was $7.1 million, compared to $5.7 million for the second quarter of 2008. The Company has reported Adjusted EBITDA because management uses it to monitor and assess the Company's performance and believes it is helpful to investors in understanding the Company's business.

"During the quarter, we continued to make solid progress toward both our short term business objectives and our long term growth strategy," said Steve Berkowitz, Move's CEO. “While we remain focused on improving the financial and operational performance across our product lines in the current economy, I'm pleased that we have begun the process of better integrating all our businesses, which we anticipate will have a positive impact on our future performance. Over the past few months, we began combining sales, product and administrative functions across the company, enabling us to better focus our efforts on leveraging our key assets, addressing areas of the business that need to be changed, and expanding our capabilities in other areas that will drive our future growth.”

Conference Call

As previously announced, Move, Inc. will host a conference call, which will be broadcast live over the Internet today, Wednesday, August 5, 2009, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). In order to participate in the call, please dial (866) 362-4829, or if outside the U.S., (617) 597-5346 with passcode 99583429, at least five minutes prior to the 2:00 p.m. PT start time. A live webcast and replay of the call will also be available at http://investor.move.com under the Event Calendar menu. An audio replay will be available between 8:00 p.m. ET, August 5, 2009, and 11:59 p.m. ET, August 19, 2009, by calling (888) 286-8010, or (617) 801-6888, with passcode 44964312.

For additional information regarding the Company's results, please go to the "SEC Filings" section at http://investor.move.com to view annual reports as filed with the Securities and Exchange Commission on Form 10-K for the year ended December 31, 2008 on March 9, 2009.

Use of Non-GAAP Financial Measures

To supplement its consolidated financial statements presented in accordance with generally accepted accounting principles in the United States ("GAAP"), Move uses a non-GAAP measure of income (loss) from continuing operations excluding litigation settlement charges and certain other non-cash and non-recurring items, principally depreciation, amortization and stock-based compensation and other charges, which is referred to as Adjusted EBITDA. The Company has also presented a non-GAAP table of Segment Data for the three and six month periods ended June 30, 2009 and 2008 that extracts stock-based compensation under SFAS 123R "Share Based Payment". A reconciliation of these non-GAAP measures to GAAP is provided in the attached tables. These non-GAAP adjustments are provided to enhance the user's overall understanding of Move's current financial performance and its prospects for the future and should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. These non-GAAP measures are the primary basis management uses for planning and forecasting its future operations. Move believes these non-GAAP results provide useful information to both management and investors by excluding certain expenses that it believes are not indicative of its core operating results and a more consistent basis for comparison between quarters and should be carefully evaluated.

This press release may contain forward-looking statements, including information about management's view of Move's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move's future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.

ABOUT MOVE, INC.

Move, Inc. (NASDAQ:MOVE) is the leader in online real estate with 8.3 million [1] monthly visitors to its online network of websites. Move, Inc. operates: Move.com, a leading destination for information on new homes and rental listings, moving, home and garden and home finance; REALTOR.com®, the official Web site of the National Association of REALTORS®; Moving.com; SeniorHousingNet; and TOP PRODUCER Systems. Move, Inc. is based in Westlake Village, California. For more information: www.move.com.

[1] comScore Media Metrix, June 2009

MOVE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
	Three Months Ended June 30,						Six Months Ended June 30,
	2009			2008			2009			2008
	(unaudited)						(unaudited)
Revenue	$	54,637		$	61,437		$	109,505		$	123,379
Cost of revenue (1)		12,804			11,214			25,451			22,649
Gross profit		41,833			50,223			84,054			100,730
Operating expenses: (1)
Sales and marketing		21,387			23,140			42,149			47,266
Product and web site development		6,425			6,802			12,808			13,689
General and administrative		11,465			19,433			35,487			41,604
Amortization of intangible assets		108			197			259			394
Litigation settlement		975			—			975			—
Total operating expenses		40,360			49,572			91,678			102,953
Operating income (loss) from continuing operations		1,473			651			(7,624	)		(2,223	)
Interest income, net		314			1,521			449			3,578
Other income, net		386			109			491			180
Income (loss) from continuing operations before income taxes		2,173			2,281			(6,684	)		1,535
Provision for income taxes		(81	)		(162	)		(177	)		(203	)
Income (loss) from continuing operations		2,092			2,119			(6,861	)		1,332
Income (loss) from discontinued operations		107			(3,076	)		(249	)		(5,650	)
Gain on disposition of discontinued operations		2,303			—			2,303			—
Net income (loss)		4,502			(957	)		(4,807	)		(4,318	)
Convertible preferred stock dividends and related accretion		(1,307	)		(1,272	)		(2,605	)		(2,537	)
Net income (loss) applicable to common stockholders	$	3,195		$	(2,229	)	$	(7,412	)	$	(6,855	)
Basic net income (loss) per share applicable to common stockholders
Continuing operations	$	0.01		$	0.01		$	(0.06	)	$	(0.01	)
Discontinued operations		0.02			(0.02	)		0.01			(0.04	)
Basic net income (loss) per share applicable to common stockholders	$	0.02		$	(0.01	)	$	(0.05	)	$	(0.05	)
Diluted net income (loss) per share applicable to common stockholders
Continuing operations	$	0.01		$	0.01		$	(0.06	)	$	(0.01	)
Discontinued operations		0.02			(0.02	)		0.01			(0.04	)
Diluted net income (loss) per share applicable to common stockholders	$	0.02		$	(0.01	)	$	(0.05	)	$	(0.05	)
Shares used in calculation of net income (loss) per share applicable to common stockholders:
Basic		152,920			151,551			153,019			151,383
Diluted		156,552			158,292			153,019			151,383
(1) Includes stock-based compensation as follows:
Cost of revenue	$	46		$	31		$	83		$	69
Sales and marketing		604			103			877			209
Product and web site development		187			84			327			269
General and administrative		435			1,777			10,858			4,847
	$	1,272		$	1,995		$	12,145		$	5,394

MOVE, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
	Six Months Ended June 30,
	2009			2008
Cash flows from continuing operating activities:	(unaudited)
Income (loss) from continuing operations	$	(6,861	)	$	1,332
Adjustments to reconcile income (loss) from continuing operations to net cash provided by continuing operating activities:
Depreciation		5,287			5,512
Amortization of intangible assets		259			394
Provision for doubtful accounts		811			440
Loss (gain) on sale of property and equipment		—			51
Stock-based compensation and charges		12,411			5,503
Change in market value of embedded derivative liability		(536	)		(155	)
Other non-cash items		(56	)		283
Changes in operating assets and liabilities, net of acquisitions and discontinued operations:
Accounts receivable		(51	)		2,116
Other assets		354			(2,865	)
Accounts payable and accrued expenses		(1,774	)		(760	)
Deferred revenue		(4,701	)		(1,092	)
Net cash provided by continuing operating activities		5,143			10,759
Net cash used in discontinued operating activities		(1,225	)		(4,366	)
Net cash provided by operating activities		3,918			6,393
Cash flows from investing activities:
Purchases of property and equipment		(4,453	)		(5,130	)
Purchases of short-term investments		—			(21,552	)
Maturities of short-term investments		—			1,800
Proceeds from sale of assets		—			31
Net cash used in investing activities of continuing operations		(4,453	)		(24,851	)
Net cash provided by investing activities of discontinued operations		1,739			799
Net cash used in investing activities		(2,714	)		(24,052	)
Cash flows from financing activities:
Proceeds from exercise of stock options		70			972
Tax withholdings related to net share settlements of restricted stock awards		(1,064	)		—
Payments on capital lease obligations		81			(1,002	)
Restricted cash		(339	)		176
Net cash provided by (used in) financing activities		(1,252	)		146
Change in cash and cash equivalents		(48	)		(17,513	)
Cash and cash equivalents, beginning of period		108,935			45,713
Cash and cash equivalents, end of period	$	108,887		$	28,200

MOVE, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands)
	June 30, 2009			December 31, 2008
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	108,887		$	108,935
Accounts receivable, net		12,022			12,833
Other current assets		11,386			11,399
Restricted cash		3,128			—
Total current assets		135,423			133,167
Property and equipment, net		21,178			21,934
Long-term investments		111,800			111,800
Goodwill, net		16,969			16,969
Intangible assets, net		3,674			3,933
Restricted cash		—			3,209
Other assets		1,629			995
Total assets	$	290,673		$	292,007
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	3,032		$	4,051
Accrued expenses		21,666			22,747
Obligation under capital leases		—			339
Deferred revenue		19,298			23,991
Line of credit		64,700			64,700
Total current liabilities		108,696			115,828
Other non-current liabilities		1,162			2,043
Total liabilities		109,858			117,871
Series B convertible preferred stock		108,902			106,297
Stockholders’ equity:
Series A convertible preferred stock		—			—
Common stock		155			153
Additional paid-in capital		2,101,441			2,089,964
Accumulated other comprehensive income		(17,176	)		(17,183	)
Accumulated deficit		(2,012,507	)		(2,005,095	)
Total stockholders’ equity		71,913			67,839
Total liabilities and stockholders’ equity	$	290,673		$	292,007

MOVE, INC.
SEGMENT OPERATING RESULTS
(in thousands)
	Three Months Ended June 30,						Six Months Ended June 30,
	2009			2008			2009			2008
Revenue:	(unaudited)						(unaudited)
Real Estate Services	$	49,011		$	54,214		$	99,548		$	110,008
Consumer Media		5,626			7,223			9,957			13,371
Total revenue	$	54,637		$	61,437		$	109,505		$	123,379
Operating income (loss) from continuing operations (1)
Real Estate Services	$	10,194		$	14,228		$	22,664		$	25,774
Consumer Media		910			623			532			(30	)
Unallocated		(9,631	)		(14,200	)		(30,820	)		(27,967	)
Operating loss from continuing operations	$	1,473		$	651		$	(7,624	)	$	(2,223	)
(1) Includes stock-based compensation as follows:
Real Estate Services	$	1,066		$	669		$	1,629		$	2,400
Consumer Media		135			95			205			179
Unallocated		71			1,231			10,311			2,815
	$	1,272		$	1,995		$	12,145		$	5,394

MOVE, INC.
SEGMENT OPERATING RESULTS
NET OF STOCK-BASED COMPENSATION EXPENSE
(in thousands)
		Three months ended
		June 30, 2009
		(unaudited)
		Real Estate		Consumer					Stock-based
		Services		Media		Unallocated			Compensation			Total
Revenue	$	49,011	$	5,626	$	—		$	—		$	54,637
Cost of revenue		10,314		1,974		470			46			12,804
Gross profit		38,697		3,652		(470	)		(46	)		41,833
Sales and marketing		18,141		1,630		1,012			604			21,387
Product and web site development		5,145		487		606			187			6,425
General and administrative		4,151		490		6,389			435			11,465
Amortization of intangibles						108						108
Litigation Settlement		—		—		975			—			975
Total operating expenses		27,437		2,607		9,090			1,226			40,360
Operating income (loss) from continuing operations	$	11,260	$	1,045	$	(9,560	)	$	(1,272	)	$	1,473
		Three months ended
		June 30, 2008
		(unaudited)
		Real Estate		Consumer					Stock-based
		Services		Media		Unallocated			Compensation			Total
Revenue	$	54,214	$	7,223	$	—		$	—		$	61,437
Cost of revenue		9,424		1,531		228			31			11,214
Gross profit		44,790		5,692		(228	)		(31	)		50,223
Sales and marketing		17,998		3,402		1,637			103			23,140
Product and web site development		5,787		331		600			84			6,802
General and administrative		6,108		1,241		10,307			1,777			19,433
Amortization of intangibles		—		—		197			—			197
Total operating expenses		29,893		4,974		12,741			1,964			49,572
Operating income (loss) from continuing operations	$	14,897	$	718	$	(12,969	)	$	(1,995	)	$	651

MOVE, INC.
SEGMENT OPERATING RESULTS
NET OF STOCK-BASED COMPENSATION EXPENSE
(in thousands)
		Six months ended
		June 30, 2009
		(unaudited)
		Real Estate		Consumer					Stock-based
		Services		Media		Unallocated			Compensation			Total
Revenue	$	99,548	$	9,957	$	—		$	—		$	109,505
Cost of revenue		20,609		3,860		899			83			25,451
Gross profit		78,939		6,097		(899	)		(83	)		84,054
Sales and marketing		35,829		3,431		2,012			877			42,149
Product and web site development		10,378		1,015		1,088			327			12,808
General and administrative		8,439		914		15,276			10,858			35,487
Amortization of intangibles						259						259
Litigation settlement		—		—		975			—			975
Total operating expenses		54,646		5,360		19,610			12,062			91,678
Operating income (loss) from continuing operations	$	24,293	$	737	$	(20,509	)	$	(12,145	)	$	(7,624	)
		Six months ended
		June 30, 2008
		(unaudited)
		Real Estate		Consumer					Stock-based
		Services		Media		Unallocated			Compensation			Total
Revenue	$	110,008	$	13,371	$	—		$	—		$	123,379
Cost of revenue		18,902		3,098		580			69			22,649
Gross profit		91,106		10,273		(580	)		(69	)		100,730
Sales and marketing		37,264		6,776		3,017			209			47,266
Product and web site development		11,403		776		1,241			269			13,689
General and administrative		14,265		2,572		19,920			4,847			41,604
Amortization of intangibles		—		—		394			—			394
Total operating expenses		62,932		10,124		24,572			5,325			102,953
Operating income (loss) from continuing operations	$	28,174	$	149	$	(25,152	)	$	(5,394	)	$	(2,223	)

MOVE, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURE
OPERATING INCOME (LOSS) FROM CONTINUING OPERATIONS EXCLUDING STOCK-BASED
COMPENSATION AND CHARGES, DEPRECIATION, AMORTIZATION, LITIGATION SETTLEMENT AND
NON-RECURRING SEVERANCE COSTS (EBITDA)
(in thousands)
	Three Months Ended June 30,				Six Months Ended June 30,
	2009		2008		2009			2008
	(unaudited)				(unaudited)
Operating income (loss) from continuing operations	$	1,473	$	651		(7,624	)		(2,223	)
Plus:
Stock-based charges		117		13		266			109
Amortization of intangible assets		108		197		259			394
Depreciation		2,668		2,883		5,287			5,512
Stock-based compensation		1,272		1,995		12,145			5,394
Litigation settlement		975		—		975			—
Non-recurring severance costs		497		—		2,397			—
Adjusted EBITDA	$	7,110	$	5,739		13,705			9,186

CONTACT:
The Blueshirt Group
Todd Friedman, 415-217-7722
todd@blueshirtgroup.com
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Stacie@blueshirtgroup.com