Financial results

Gannett cuts 32 additional employees, marketing at Cars.com, as revenues soar

Revenue at Cars.com will soar in 2015 — but the company will be smaller anyway. They’re called “staffing adjustments” in Gannett-speak, but tell that to the 32 people who got laid off last week in the days before Christmas and New Year’s. They’re still “adjusted” to the unemployment line. Gannett’s going to be charging its newspaper affiliates about three times as much as...

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McClatchy to add video tools, native ads

McClatchy Company president Patrick Talamantes told the audience of the UBS Global Media and Communications Conference that McClatchy is in the midst of tremendous digital transformation, and will add native advertising in the fourth quarter of this year. Plans for 2015 include This content is available to Classified Intelligence Report clients. Want to know more about becoming a client? Click...

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LeBonCoin saw €144 million revenue last 12 months — CEO Olivier Aisac

LeBonCoin is a solid market leader with good growth prospects, CEO Olivier Aisac said at a recent strategy update of Schibsted Classified Media, which currently has a portfolio of 43 sites in 34 countries… This content is available to Classified Intelligence Report clients. Want to know more about becoming a client? blackjack...

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Avito weathers the Russian storm in Q3

Shortly after Avito.ru, Russia’s leading general classified platform, released its financial results for Q3 of FY2014 this morning, the Swedish business magazine Veckans Affärer called Avito “Kinnevik’s new darling and its comfort after the bitter IPO of Rocket Internet”. Kinnevik owns 31 percent of Avito.ru and therefore also publishes the unaudited, quarterly results...

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Soft Q4 but good prospects for E-House

Despite relatively soft results in the fourth quarter and the cuts in its guidance for the full year, prospects look rosy for E-House China Ltd, like those for operators of China’s other real estate websites. This is because in addition to relaxing its mortgage lending policy in September, the People’s Bank of China, China’s central bank, on Nov. 21 cut its benchmark lending rates by 40...

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Naspers “prioritizes” fast-growing classifieds business

In the financial report for the first half of FY2015, released by Naspers today, the big news was the performance of the division e-commerce, and the big revenue contribution of Tencent. Naspers includes its classifieds businesses in the division e-commerce, and this time around the company didn’t give separate revenue numbers for classifieds. But, all critical performance indicators (CPIs)...

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