Financial results

OAM financials bring Africa back to earth

The financial performance of One Africa Media (OAM), laid open by Australian classifieds company SEEK last week, brought the story of classifieds in Africa back to earth (for now). It is a story which loses touch with reality from time to time. For instance, when new classified businesses are launched as if it’s easier than grabbing candy from a kid. SEEK holds a 24.4-percent stake in OAM...

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Inc. 5000 honorees: Jobs2Careers, ApartmentList, Movoto, PureCars

Each year Inc. Magazine announces its Inc 5000 list of the 5,000 fastest-growing companies. They are determined by three-year revenue growth. Several classified companies were honored for 2014. Jobs2Careers was the fastest-growing recruitment site, ApartmentList made No.1 for growth in the rental category, Movoto was in 1st place for real estate, and PureCars for automotive. Vantage Media...

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Tamedia with positive results thanks to digital

Swiss media group Tamedia managed to grow its revenue in the first half of FY2014, thanks mostly to organic growth of its division Digital Business and cost-cutting by the units Print Regional and National. Revenue for H1 of FY2014 were up 3 percent to CHF 551.4 million from CHF 536.8 million. The operating income (EBIT) rose by 14.8 percent to CHF 73.2 million and earnings grew 8.2 percent to...

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Social gig site Thumbtack gets $100 mil

Thumbtack is a social bidding platform for entrepreneurs and the folks who need some (mostly) temporary, project-based help.  By way of its blog, the nearly-five-year-old firm just announced funding of $100 million from Google Capital and a number of venture capitalists that had invested previously. “Despite being five years in and now helping millions of customers a year accomplish...

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De Persgroep profit up 21% in 2013

While the total revenue of the Belgian media group De Persgroep Publishing dropped slightly year-on-year from €910 million to €901 million ($1.2 billion U.S.), net profit was up 21 percent to €68 million ($91 million U.S.) thanks to growth in the Dutch operation and in digital ads, the company’s financial results for 2013 show. De Persgroep is owned by the Van Thillo family and shares are...

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Realogy completes ZipRealty buy

Realogy Announces Completion Of Cash Tender Offer For Shares Of ZipRealty, Inc. MADISON, N.J., Aug. 14, 2014 /PRNewswire/ – Realogy Holdings Corp.(NYSE: RLGY) (“Realogy”) announced today the  completion of the tender offer by Realogy, through its indirect wholly-owned subsidiary,Honeycomb Acquisition, Inc., for all of the outstanding shares of common stock...

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