Portugal’s Cofina Group creates classifieds portal

The Portuguese newspaper group Cofina SGPS SA, which currently holds a portfolio of 5 newspapers and 11 magazines in Portugal, has started a new classifieds portal for its two main newspapers, Record  (sports) and Correio da Manhã, under the name Classificados CM.

The new portal is based on the classifieds platform of the Spanish software company Protecmedia S.A., a company focused exclusively on the development of software and the provision of services for media companies. According to Protecmedia´s press note, Cofina has set up this new classifieds portal to modernize and profit from its current classifieds services. The Cofina Group made no official statement about the motives for this change in their classifieds business.

In December 2009, José Manuel Gomes, commercial head of Cofina Digital, had announced, that after a acquisition of a 49 share in job portal Empregos Online, there would be a restart in other classifieds areas of the leading Portuguese media group, with new websites.

The new portal Classificados CM is divided into the five usual classifieds business sections:  real estate, automobiles, recruitment, dating and a catch-all category for ads that fall outside the other four sections.

Currently there are only about 200 ads across the site. The portal has good usability with filters to refine the searches. Users who post ads have three pay choices which includes both publication online and in  print. Prices range between €7.50  for a one-day print and three days online publication, then €19.13  for three days print plus seven days online, to €42.01  for seven days print and 15 days online,  which seems quite expensive for a market where free classifieds portals like Slando.pt or Olx.pt are booming.

In terms of Web traffic, the portals of daily Correio da Manhã and sports paper Record are among the leading ones in Portugal. In the user-centric Internet survey Netscope from Marktest, Record  received the third-most traffic in the month of May from the audited ones in Portugal (16.6 million visits and 80 million page views), surpassed by the directory Sapo.pt (PT Telecom) and the other sports daily website A Bola.  The tabloid website Correio da Manhã is ranked No. 8 with traffic of 5.9 million visits — behind competitor daily newspaper Público (Soanecom SA) with 6.9 million visits.

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