World news releases

TV Ads Key for Spain Property Portals

Spanish property portal Pisos.com has launched a TV-led above the line campaign with the slogan: “Finding the perfect house on pisos.com – there’s nothing to it”. TV remains a key tool for rapidly building audience and brand awareness, even in digital classifieds. Pisos.com’s two main competitors, Idealista.com and Fotocasa.es (part of SCM Spain), also use TV advertising as...

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New CEO for OLX Indonesia from late April

Daniel Tumiwa has told Tech in Asia that he will take over as CEO of OLX Indonesia from late April. Tumiwa has been VP of digital business at Garuda, Indonesia’s national airline, from April last year. He was previously Garuda’s VP of E-Commerce from June 2013. He currently also serves as chairman of the Indonesian Ecommerce Association (iDEA). (Here’s his LinkedIn...

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Avito.ru in trouble over “misleading ads”

The Moscow office of Russia’s anti-monopoly authority accused Avito.ru, Russia’s biggest general classifieds platform, of publishing false information online. Avito has not yet commented on the situation. The platform, in which Kinnevik and Naspers are major shareholders, was accused of breaching regulations, when its real estate section published false information. The accusation...

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Weak Russian economy torpedoes HeadHunter deal

blackjack games The planned sale of HeadHunter, Russia’s leading online recruitment classifieds platform, is on the rocks due to underperformance in the first quarter of 2015. HeadHunter’s financial underperformance forced Elbrus Capital to reconsider the acquisition, and the fund is currently re-evaluating the terms of the purchase. Last November the Russian Internet giant Mail.Ru...

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Hearst Shkulev Media to buy Rugion

Russia’s large publishing house Hearst Shkulev Media is finalizing the purchase of a majority share in Rugion, which runs an expansive network of sites across 40 of Russia’s rural regions, including classifieds platforms. The purchase, if complete, will make it the 15th regional purchase made by the holding company in the last few years. Although the purchasing sum has not been disclosed,...

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Trinity Mirror reports small drop in classifieds revenue

At Trinity Mirror revenue from digital classifieds was slightly down in FY2014. The U.K. media group released its annual results earlier this week. A four percent fall year-on-year was recorded by the general publishing division, which houses national jobs site Fish4Jobs (with all its sub-sites) since FY2014. And the specialist digital division, which houses many niche job sites (here and...

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