Deal publisher Travelzoo saw its net income fall 28% to $5.2 million in the second quarter as it tries to diversify and invests in a hotel-booking engine. Travelzoo, which sees its deals business under pressure, acquired Perfect Escapes in an asset sale last year, and is developing a booking engine to get further into the hotel business. Travelzoo attempted to put a postive twist on its current predicament. “Continued growth in our travel businesses in North America and Europe drove a solid quarter,” said Chris Loughlin, chief executive officer, “Audience engagement reached record levels and we made good progress in social media and mobile. Get the full story at and BusinessWire