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Last updated on April 19, 2014 at 18:42 EDT

Latest Classified Ventures Stories

2014-04-01 20:21:20

SACRAMENTO, Calif., April 1, 2014 /PRNewswire/ -- The McClatchy Company (NYSE-MNI) said today that it received a $147 million cash distribution from Classified Ventures, LLC (CV) as a result of its previously announced sale of Apartments.com to CoStar Group for $585 million. McClatchy expects that proceeds on an after-tax basis will be approximately $90 million. McClatchy owns a 25.6% interest in CV and its portion of the gain from the sale of Apartments.com will be recorded in...

2014-04-01 16:23:56

CHICAGO, April 1, 2014 /PRNewswire/ -- Tribune Company announced that it will receive a gross cash distribution of approximately $160 million from Classified Ventures' sale of Apartments.com, following the close of the transaction today. Tribune Company is one of five media companies that own Classified Ventures. The company said previously that it will use the proceeds from the cash distribution for general corporate purposes. TRIBUNE is one of the country's leading multimedia...

2014-04-01 16:21:03

CHICAGO, April 1, 2014 /PRNewswire/ -- Classified Ventures, LLC ("CV"), a leading provider of digital marketing solutions in the automotive and rentals category, announced that the sale of its Apartments.com business to CoStar Group, Inc. ("CoStar"), has closed effective April 1, 2014. The close of sale follows a March 3, 2014 announcement that the company had entered into an agreement to sell its Apartments.com business for $585 million in cash to CoStar, a leading provider of...

2014-03-20 08:20:41

Cars.com Brings Resources to Parents to Ease the Car Shopping Process CHICAGO, March 20, 2014 /PRNewswire/ -- Cars.com is kicking off a 10-month long #FamilyCarAdvice campaign today with the launch of an interactive infographic that leads parents through a series of questions before unveiling which vehicle type is best-suited for their family's needs. The infographic, designed by the parents on Cars.com's editorial staff, helps call attention to key areas growing families should consider when...

2014-03-03 08:27:05

SACRAMENTO, Calif., March 3, 2014 /PRNewswire/ -- The McClatchy Company (NYSE-MNI) said today that it anticipates a cash distribution as a result of the recent announcement by Classified Ventures, LLC (CV) of its agreement to sell Apartments.com for $585 million to CoStar Group. CV has said that it expects the transaction to close in the second quarter of 2014. McClatchy owns a 25.6% interest in CV. A distribution approximately equal to McClatchy's portion of the net proceeds on...

2014-03-03 08:27:00

CHICAGO, March 3, 2014 /PRNewswire/ -- Classified Ventures, LLC ("CV"), a leading provider of digital marketing solutions in the automotive and apartment rental categories, announced today that it has entered into an agreement to sell its Apartments.com business for $585 million in cash to CoStar Group, Inc., a leading provider of commercial real estate research and information services. The sale follows a September 2013 announcement that the Company and its Board of Directors would...

2014-03-03 08:26:59

CHICAGO, March 3, 2014 /PRNewswire/ -- Tribune Company announced today that it expects to receive a gross cash distribution of approximately $160 million from Classified Ventures' sale of Apartments.com, following the close of the transaction. Tribune Company is one of five media companies that own Classified Ventures. The company said it will use the proceeds from the cash distribution for general corporate purposes. SOURCE Tribune Company

2014-03-03 08:26:56

MCLEAN, Va., March 3, 2014 /PRNewswire/ -- Gannett Co., Inc. (NYSE: GCI) is pleased to report that Classified Ventures, LLC has agreed to sell Apartments.com, which represents approximately one-fourth of Classified Ventures net income, for $585 million to CoStar Group Inc. (Nasdaq: CSGP). The transaction is subject to regulatory approval, and Classified Ventures expects the transaction to close during the second quarter of 2014. Gannett owns a 26.9% interest in Classified Ventures....

2014-02-14 08:20:22

Cars.com Analyst Shares Special Holiday Deals CHICAGO, Feb. 14, 2014 /PRNewswire/ -- Ongoing economic uncertainty coupled with extreme weather conditions across most of the country over the past month has caused a slump in auto sales and low traffic numbers at dealerships throughout the United States. With Presidents Day weekend quickly approaching, a weekend historically known as one of the best times to purchase a vehicle, industry experts anticipate consumers to find the best deals of 2014...

2014-01-24 00:20:23

Study by Placed Inc. Reveals Influence of On-Lot Smartphone Research CHICAGO, Jan. 24, 2014 /PRNewswire/ -- According to Placed Inc., 63% of car shoppers now use their smartphones to do research and make decisions while at automotive dealerships. In an independent study commissioned by Cars.com, Placed Inc. found that on-lot mobile "showrooming" significantly influences both dealership and vehicle selection, with pricing information, inventory availability and mobile advertisements persuading...