Quantcast

Latest Classified Ventures Stories

2014-09-03 16:28:03

MCLEAN, Va., Sept. 3, 2014 /PRNewswire/ -- Gannett Co., Inc. (NYSE: GCI) announced today that it has received federal regulatory clearance under the Hart-Scott-Rodino Act to acquire full ownership of Cars.com, one of the leading digital companies in the automotive space. Under the agreement, Gannett will acquire the 73% interest it does not already own in Classified Ventures LLC, which owns Cars.com. Closing is expected to occur on October 1, 2014. About Gannett Gannett Co., Inc....

2014-08-18 12:20:58

CHICAGO, Aug. 18, 2014 /PRNewswire/ -- Cars.com, the premier online resource for buying and selling new and used cars and trucks, has announced that the 2015 GMC 3500 HD Duramax is the winner of the site's one-ton heavy-duty pickup truck challenge. The challenge put the top three one-ton pickup trucks against each other in a series of tests to determine the overall best. The three trucks tested in the challenge were the 2015 Ford F-350 Power Stroke, 2015 GMC 3500 HD Duramax, and the...

2014-08-11 12:21:10

CHICAGO, Aug. 11, 2014 /PRNewswire/ -- Cars.com, the premier online resource for buying and selling new and used cars and trucks, has announced that the 2014 Ram 2500 HD is the winner of the site's three-quarter-ton heavy duty pickup truck challenge. The challenge put the top three-quarter-ton pickup trucks against each other in a series of tests to determine the overall best. The three trucks tested in the challenge were the 2015 Chevrolet Silverado 2500 HD, 2015 Ford F-250 Super...

2014-08-05 08:20:51

Will Also Accelerate Growth Of Digital Portfolio With $1.8 Billion Acquisition Of Remaining 73% Interest In Cars.com MCLEAN, Va., Aug. 5, 2014 /PRNewswire/ -- Gannett Co., Inc. (NYSE: GCI) today announced its plan to create two publicly traded companies with scale: one exclusively focused on its Broadcasting and Digital businesses, and the other on its Publishing business. The planned separation of the Publishing business will be implemented through a tax-free distribution of Gannett's...

2014-07-22 08:27:39

MCLEAN, Va., July 22, 2014 /PRNewswire/ -- Highlights for the quarter include the following: -- Overall company revenue growth of 12 percent, pro forma revenue growth of 2 percent -- Strong Broadcasting Segment revenue increased 88 percent, a 13 percent increase on a pro forma basis -- Adjusted EBITDA rose 28 percent to $354 million driven by strong Broadcasting and Digital Segment results -- Free Cash Flow of $307 million, 78 percent...

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...


Word of the Day
grass-comber
  • A landsman who is making his first voyage at sea; a novice who enters naval service from rural life.
According to the OED, a grass-comber is also 'a sailor's term for one who has been a farm-labourer.'