Australia

Bauer enters car comparison market

Hamburg-based magazine publisher Bauer Media has entered the digital automotive marketplace with a new car comparison site, WhichCar, leveraging the publisher’s existing strength in automotive print titles Wheels, Motor and 4X4. WhichCar general manager Mark Orval told AIM Group that the move was a natural evolution built on the company’s heritage strength in automotive print brands....

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REA lifts interest in Asian portal

Melbourne-based REA Group has increased its share in Asian property listings portal IProperty Group from 19.9 percent to 21.33 percent, prompting speculation about further increases in its stake holding and confirming News Corp’s recently stated intention of “significantly expanding” REA’s presence in the Asian market. REA announced its strategic partnership with IProperty Group...

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Acquire invests in CareerOne

Online education business, the Acquire Learning Group, has bought a controlling interest in News Corporation’s CareerOne, capping off a busy 18 months of strategic partnerships, digital investment and restructuring for the employment site. Acquire now has a 65 percent share in CareerOne, leaving News Corp Australia and U.S.-based data company Monster Inc. as minority shareholders. The deal...

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Premium profits for REA Group

REA Group has attributed strong profit growth for the year that ended June 30 to both new market pricing and demand for premium or “deep” products. The group achieved 20 percent revenue growth year on year for FY2015, to $522.9 million, with net profit up 24 percent to $185.4 million. In Australia, revenues increased 21 percent to $472.8 million in the same period. REA Group Chief Executive...

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Facebook tests buy/sell in Australia

Facebook Australia’s launch of a buy-and-sell option in Australia and New Zealand is testing the water for the social media giant’s global commercial initiatives in the area, confirmed Antonia Sands, Facebook’s Head of Communications for Australia and New Zealand. Sands told AIM Group the launch was in response to the thriving presence of for-sale groups on the Australian social...

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GroupM connects on digital

GroupM has rebranded and reorganized its digital operation under a new name, GroupM Connect. As the world’s largest advertising media company in terms of billings, according to Wikipedia, it is headquartered in New York City with over 21,000 employees and 400 global offices in 81 countries. The push to a unified global digital platform brings GroupM specialist digital agencies, including...

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