With the new ListHub / ListGlobally agreement, ListHub brokers can market agent properties on 49 websites in 30 countries.
Here’s the announcement:
Arrangement Expands Opportunities for U.S. Brokers and Agents to Advertise Listings Worldwide
MORGANTOWN, W.Va. and NEW YORK, March 11, 2014 /PRNewswire/ – ListHub, the leading distributor of real estate listings in the U.S., announced a new agreement with ListGlobally, the largest network of real estate portals around the world, making ListGlobally the newest international advertising opportunity in the ListHub Global offering for brokers and agents in the U.S. The agreement now provides ListHub Global customers a network of 49 portals in 30 countries including new locations in Asia, Russia, Western Europe and South America.
ListHub, operated by Move, Inc., (NASDAQ: MOVE), launched ListHub Global in July 2013. With a network of more than 450 MLSs and 50,000 broker subscribers, ListHub allows brokers to swiftly and safely advertise their listings on the most visited real estate websites across the nation, and now around the globe.
“The ListGlobally network is a significant addition to our current offering, both in volume and in geographic coverage for international syndication,” said Luke Glass, general manager of ListHub. “International buyers are an ever-increasing presence in the U.S. market – not just in the major cities but also university towns and retirement destinations. Seen as a safe investment for foreigners, listing agents and brokers are now realizing that in order to have a truly complete marketing service for their sellers, they now must include international listing exposure.”
Keller Williams, the largest real estate company by agent count in North America, is the first major franchise to sign up for the complete ListHub Global offering, which includes all 49 ListGlobally portals. With this partnership, members of the Keller Williams Global Property Specialist network will now have their listings syndicated to an additional 80 top international portals.
“This is an incredible opportunity to reach international clients,” said Chris Heller, president of Keller Williams Worldwide. “We’re committed to bringing enhanced opportunities to our associates through exposure to a larger marketplace.”
In addition to bringing international exposure to U.S. listings, the new agreement also provides ListGlobally portal network members around the world the opportunity to market an increasing number of active and accurate U.S. real estate listings to their local users interested in investing in U.S. real estate.
The ListGlobally service provides an international search tab on global real estate portals in a framed search experience, which also protects the listing broker’s data.
“ListHub is an invaluable resource for agents and brokers to market their listings on leading real estate search sites across the nation and now around the world. We are proud to become an integral part of their global offering and to assist U.S. agents in marketing their local listings to a global audience,” says Chris Vulovic, CEO of ListGlobally.
ListGlobally also has recently aligned with realtor.com International® to provide ongoing listing content fromAustralia, Belgium, Mauritius and the United Arab Emirates, currently ListHub will supply more than 83,500 international real estate listings. Realtor.com International delivers the best listing information and tools to connect buyers, sellers and REALTORS® across the global marketplace, and includes over 1.6 million international homes for sale, land, commercial and rental listings from the United States and 36 additional countries. The site displays search options, listing information translations in 11 languages, multiple home size conversions and 22 different currencies. Realtor.com International is the global arm of realtor.com®, the premier U.S. online destination for real estate information, also operated by Move.
ListHub™ is operated by Move, Inc., (NASDAQ: MOVE), the leader in online real estate. ListHub provides a platform to MLSs and real estate brokers to effectively manage every aspect of advertising listings online, including tools for making informed advertising choices, flexible options for routing consumer traffic and leads, and reporting for accurately measuring the results of their online marketing. Listing information is kept up-to-date to provide today’s homebuyers with the most accurate information available from the MLS. ListHub is the leading platform nationwide for listing management, serving more than 50,000 brokerage firms, and synchronizing listing information from over 450 data sources with more than 125 publisher websites. www.listhub.com
ListGlobally is the industry’s largest network of international property portals. Through one simple process agents can broadcast their listings to over 60 leading real estate sites in more than 30 countries and reach over 60 million potential buyers and investors. ListGlobally assists real estate portals by adding an international section to their search. Either fully integrated in their current search or a white-label international section, member sites can instantly expand their search territory to offer properties from around the globe to their user-base.
Partnerships with software providers and property portals allow these companies to offer the ListGlobally product to their agent customers. www.listglobally.com
About Move, Inc.
Move, Inc. (NASDAQ:MOVE), the leader in online real estate, operates: realtor.com®, the official website of the National Association of REALTORS®; Move.com, a leading destination for new homes and rental listings, moving, home and garden, and home finance; ListHub™, the leading syndicator of real estate listings; Moving.com™; SeniorHousingNet; SocialBios; Doorsteps®, TigerLead®; Top Producer® Systems and FiveStreet, Inc. Move, Inc. is based in San Jose, Calif.
About Keller Williams Realty, Inc.
Keller Williams Realty, Inc. is the largest real estate franchise company in North America, with approximately 700 offices and 96,000 associates in more than a dozen countries around the world. The company has grown exponentially since the opening of the first Keller Williams Realty office in 1983, and continues to cultivate an agent-centric, education-based, technology-driven culture that rewards associates as stakeholders. The company also provides specialized agents in luxury homes and commercial real estate properties. For more information or to search for homes for sale visit Keller Williams Realty online at (www.kw.com). For more information about Keller Williams Worldwide, please visit (www.kwworldwide.com).
Long-time Newspaper Association of America (NAA) executive Randy Bennett is The University of Florida’s new director of Entrepreneurship and partnerships in the College of Journalism and Communications.
“There are several components to the job,” Bennett told the AIM Group by email. ” I will be helping the college connect to senior executives at media and technology companies to raise visibility of the program – and to tap into their insights and vision to help expose the students and faculty to emerging opportunities. We will also be building programs, some in collaboration with other organizations, to help working professionals stay up to date on the latest tools, technology, opportunities and models.”
Bennett hopes to use his industry connections to build stronger career pipelines for students, with both traditional and “new media” organizations. An additional goal is to help foster more entrepreneurial mindsets.
Bennett began at the University March 10.
Here’s the announcement:
The University of Florida College of Journalism and Communications has hired Randy Bennett as the College’s new Director of Entrepreneurship and Partnerships, Dean Diane McFarlin announced today. He will join the College on March 10.
Bennett was with Newspaper Association of America for 22 years, where his roles included Vice President of Digital Media and Senior Vice President of business development. He led association strategy development, program and conference development, training, membership acquisition and retention, and research and industry analysis. The NAA is a nonprofit organization representing nearly 2,000 newspapers.
“Randy’s extensive experience with the NAA has provided him insight into the changing media landscape,” said McFarlin. “He is well versed in building strategic partnerships, with contacts spanning senior executives at media and technology companies, heads of media associations, venture capitalists and entrepreneurs. That experience will be instrumental in his efforts to broker strategic partnerships for the College.”
While at the NAA, Bennett originated business discussions with globally-known digital companies on potential industry partnerships, and oversaw research that was key to newspaper understanding of consumer media usage. He also led the Horizon Watching initiative that helped shape strategic recommendations for emerging newspaper business models and operations.
Bennett earned his dual bachelor’s degrees in Journalism and in Politics and Government from Ohio Wesleyan University in Delaware, Ohio.
Earlier in his career, Bennett was one of the first 20 employees at Knight Ridder’s early interactive-media initiative called Viewtron, the first graphics-based digital service in the U.S. He was also part of the start-up team that developed America Online, serving as director of online services.
Andrew Rosen, who has been the chair and CEO of Graham Holdings subsidiary Kaplan Inc, has been named EVP, Graham Holdings, and will remain Kaplan chair. Thomas C. Leppert, president and COO of Kaplan, will become its CEO. These changes take place April 1.
Here’s the announcement:
WASHINGTON–(BUSINESS WIRE)–Mar. 11, 2014– Graham Holdings Company (NYSE:GHC) today announced that Andrew S. Rosen has been named executive vice president of the Company. He remains chairman of Kaplan, Inc. Thomas C. Leppert has been named chief executive officer of Kaplan, replacing Rosen. The changes take effect on April 1.
Donald E. Graham, chairman and chief executive officer of Graham Holdings, said: “Andy has been central in building Kaplan into the global, diversified education provider that it is today. He’s established a great culture at Kaplan, where his focus has always been on student success. He’s been a thought leader in the education industry, pioneering online learning, expanding access to under-served students, using learning science to improve outcomes and identifying critical reforms for American higher education. He will be an important addition to the broader Graham Holdings Company.”
Tom Leppert joined Kaplan as president and chief operating officer in January 2013. Over the past year, he has overseen the daily operations of all of Kaplan’s major businesses and has played a key role in identifying new areas of opportunity for the company. Leppert brings deep experience in both the business and public sectors. Prior to joining Kaplan, he served as mayor of Dallas, as CEO of The Turner Corporation, the largest commercial builder in the United States, and as a principal of McKinsey & Co, among other positions.
“Tom is an enormously talented and committed leader,” said Rosen. “He has championed the importance of education in every role he’s had over the years, and he has brought that passion to Kaplan. He’s insightful, smart and decisive, and I’m excited to see him lead Kaplan into the future.”
Graham said: “Tom cares deeply about building products and services that help individuals, schools, governments and businesses. Kaplan has a very deep management bench, and Tom has proven to be a smart, strategic leader with excellent insights and management expertise. That’s a powerful combination at a time of significant change and opportunity in global education.”
In his dual role, Rosen will oversee SocialCode and Celtic Healthcare, while remaining chairman of Kaplan. He will also manage a variety of corporate initiatives.
Rosen joined Kaplan in 1992 and held numerous leadership positions before being named CEO in November 2008. Prior to joining Kaplan, he worked in two other units of what was then called The Washington Post Company. He was assistant counsel of Newsweek and a staff attorney for The Washington Post newspaper. Rosen is the author of Change.edu: Rebooting for the new talent economy.
Graham Holdings Company (www.ghco.com):
Graham Holdings (NYSE: GHC) is a diversified education and media company whose principal operations include educational services, television broadcasting, cable television systems and online, print and local TV news.
Source: Graham Holdings Company]]>
The inevitable finally happened: EBay.de announced here today that from the end of 2014 it will be possible for professional sellers on the platform to offer their clients credit. Credit transactions will be handled via PayPal, with sellers getting their money paid into their accounts – as is now the case – the moment they notify EBay that the sold goods had been dispatched.
Consumers who select to buy on credit will have 14 days from dispatch within which to pay. Most spectacular: the risk of non-payment will be carried in full by PayPal. Sellers offering credit to their clients won’t pay more than the usual PayPal transaction fees.
The option to buy on credit will be implemented in steps by EBay.de from the end of 2014, the company said in a statement (here in German). More detail wasn’t available today. It wasn’t immediately clear, for instance, whether recommerce players (such as Momox.de and Rebuy.de), which are big-time resellers of used goods on the EBay platform, will also be able to sell on credit.
Should that be on the cards, EBay.de will increase the competitive pressure on Germany’s general classifieds players, such as Quoka.de, Markt.de, Kalaydo.de and Dhd24.de.
It is unlikely that credit will also be extended in c-to-c transactions. We enquired at EBay.de exactly what it has in mind and will update the story as it unfolds.
UPDATE: Some more information came to light. Firstly, should the buyer decide to return something he bought on credit, the seller must inform PayPal and pay money he had received back to PayPal. In turn, PayPal will pay the money into the buyer’s bank account – all at no extra cost to the EBay seller.
On costs of the credit offer: the seller doesn’t pay PayPal more for a transaction on credit than a cash transaction. The buyer, however, will be slapped with reminder charges and/or overdue fees by PayPal, if he doesn’t pay within the 14-day period.
Domiporta.pl, one of Poland’s most popular real estate classified sites, introduced a new search engine, a tool which enables users to check average prices in the neighborhood of each property listed on the site, and a new picture gallery for mobile users.
The search engine got a new look as well as a new filter which enables users to look for listings from the primary market only. Domiporta.pl also expanded the advanced search options. For more precise results, the user can now look for a property according to criteria such as:
+ when a listing was added;
+ when a property was built;
+ materials used;
+ the user’s preferred floor;
+ number of floors in the building;
+ and the degree of natural light in the kitchen.
Another novelty is a graph, placed under each listing, showing the average prices of properties with similar characteristics in the neighborhood, as well as average prices for the city. The graph quickly tells you how competitively priced a listing is.
The last improvement was a new picture gallery for the mobile version of the site.
Domiporta belongs to Trader.com (Poland), a publisher of newspapers and an advertising services provider in Poland. In turn, Trader.com (Poland) is owned by Agora SA, the largest media company in Poland, listed on the stock exchanges of Warsaw and London. Domiporta.pl has about one million listings. Together with other Agora’s construction news and tips sites it is used by 1.4 million unique users per month, who generate over 19 million page views (source: Megapanel / PBI, December 2013). Domiporta.pl was launched in July 2006.]]>
Magdalena Chudzikiewicz was promoted to the position of managing director of the division Internet, IT and marketing* at Polskapresse Group. She replaced board member Grzegorz Haftarczyk, who left the company by mutual agreement.
Chudzikiewicz (photo) will focus on integrating the online products and technologies of Polskapresse and Media Regionalne (acquired by Polskapressee from Mecom Group last year), as well as on implementing the company’s strategic projects, such as its content sales strategy, free products and finding new sources of revenue. Also, she will be supervising the work of Karol Żurek, Internet business development director at Polskapresse Group.
Chudzikiewicz (LinkedIn profile) has been working for Polskapresse since 2005. She started out as PR manager and spokesperson for Polskapresse Group. In 2011 she became marketing director of Polskapresse Group. Initially she was only responsible for print media; from 2012 also for the Internet. And all the time she continued in her role as spokesperson.
On behalf of the management board, she oversaw the implementation of the strategy of acquiring new sources of revenue for the Group, including Premium SMS, databasis, and (last year) the preparation of a content sales strategy.
Haftarczyk was vice president of Polskapresse Group since 2005. Previously, he was president of the Polskapresse Prasa Krakowska branch, the president of Parkiet Media, as well as vice president of the Polskapresse Prasa Bałtycka branch.
Polskapresse Group’s acquisition from Mecom Group of Media Regionalne, the second biggest media company in Poland with a local and regional focus after Polskapresse Group, was signed in Mar. 2013, and approved by Poland’s Office of Competition and Consumer Protection in Dec. 2013.
*Included in the Internet, IT and Marketing Division are the classified businesses of Polskapresse, namely automotive site Moto.Gratka.pl, real estate site Dom.Gratka.pl, job site Praca.Gratka.pl, and the general classified site Alegratka.pl. The division also includes classified sites of the acquired Media Regionalne, namely RegioDom.pl, RegioPraca.pl and RegioMoto.pl, popular portals in the categories real estate, jobs, and automotive respectively.]]>
Norwegian general classifieds site Finn.no will open a shop on Mar. 20 in the capital of Oslo. The store will be 500 sq. meters large and will be a place for Finn to present itselves – but in a fun way.
TV commercials promoting the real-world store will start flighting tomorrow. See it here, where Finn also mentions that advertising for smaller jobs will be free.
“It will be a kind of adventure center. All parts of Finn will be going in there,” said Finn spokesman Henrik Gustav Faller to the Norwegian site E24.
“It’ll be a big fun place. You’ll be able to see lots of things Finn have bought, and there will be lots to do and see in the store,” he told E24.
Some of the stuff will be for sale, but on the basis most art galleries do it: you won’t be able to take it away before the exhibition has ended. Here is how the show is advertised on the web.]]>
According to a recent CareerBuilder study, it is very expensive to let positions go unfilled. So, employers who can’t find trained candidates are hiring untrained ones – and training them. Sixty-one percent of these employers have already done so, and 49 percent are planning on making an all-out effort to do so.
Recruitment publishers should take note. This is not only tool and content guidance, but guidance as well for a strong, solid approach to prospective training-facility advertisers.
Here’s the announcement:
Leading Companies Make Commitments to Help Reskill Workers
CHICAGO – March 6, 2014 – Did you know that, on average, a company loses more than $14,000 for every job that stays vacant for three months or longer? That one in six companies loses $25,000 or more?*
Considering the fact that more than half (54 percent) of employers currently have open positions for which they can’t find qualified candidates – and 35 percent of all employers have positions that stay open for 12 weeks or longer1- those costs can add up quickly and have broader implications for business performance.
CareerBuilder’s latest study on the effects of the skills gap on the U.S. labor market was conducted online by Harris Poll from October 17 to November 6, 2013, and included a representative sample of 1,025 employers, 1,524 job seekers and 205 academics nationwide. Click here to view CareerBuilder’s full study.
Just how much is the skills gap costing companies? A lot.
Sixty percent of employers are concerned about the costs associated with delays in filling open positions, with one in four stating they have experienced losses in revenue as a result. Employers also reported compromised productivity and work quality and a rise in voluntary employee turnover among other consequences:
· Lower morale due to employees shouldering heavier workloads – 41 percent
· Work does not get done – 40 percent
· Delays in delivery times – 34 percent
· Declines in customer service – 30 percent
· Lower quality of work due to employees being overworked – 30 percent
· Employees are less motivated – 29 percent
· Loss in revenue – 25 percent
· Employees making more mistakes, resulting in lower quality of work – 25 percent
· Higher turnover because employees are overworked – 22 percent
Where do employers have the hardest time filling jobs?
Employers who are hiring in 2014 said that among the areas in which they are experiencing the most difficulty in filling open positions are:
· Computer and Mathematical Occupations – 71 percent
· Architecture and Engineering Occupations – 70 percent
· Management Occupations – 66 percent
· Health Care Practitioners and Technical Occupations – 56 percent
· Installation, Maintenance and Repair Occupations – 55 percent
· Legal Occupations – 53 percent
· Business and Financial Operations – 52 percent
· Personal Care and Services Occupations – 50 percent
· Sales and Related Occupations – 47 percent
· Production Occupations – 41 percent
“The skills gap is an issue that is not going away anytime soon,” said Matt Ferguson, CEO of CareerBuilder and co-author of The Talent Equation. “There is a growing disconnect between the skills employers need and the skills that are being cultivated in the labor market today. This causes workers and companies to miss out on realizing their full potential and, in turn, causes the economy to fall short of its potential. The onus is on businesses and the public sector to work side by side to identify where there is a deficit of talent and reskill workers to close the gaps within their communities. This is not a problem that can be solved overnight, but it can be solved.”
Big business making big efforts to close the gap
Employers are taking matters into their own hands to create the talent they need. Sixty-one percent have hired someone who didn’t meet all of their job requirements, helping that person to grow into the position. Nearly half (49 percent) of employers plan to train workers who don’t have experience in their industry or field and hire them in 2014, up ten percentage points over 2013.2
CareerBuilder is working with major brands to support their commitments to bridge the skills gap and empower employment. More than 50 companies have made commitments as part of this initiative, including:
Are job seekers open to change? Yes.
Most job seekers (72 percent) said they are willing to take a job in a different field, and employers who are making efforts to train and reskill workers are likely to see a positive impact on retention rates. Ninety-two percent of job seekers said they would feel more loyal to an employer who invests in training them.
How much are academic institutions and businesses collaborating? Not enough.
One of the biggest opportunities identified by the study is to increase the discourse between individual companies and colleges and universities. While most academics (96 percent) agree that their institutions should be talking to employers about the skill sets they require, more than half (55 percent) said this only happens a little or not at all.
At the same time, 54 percent of academics said they are adjusting their curriculum based on local demands or shifts among employers – though the speed at which they can incorporate those changes remains a challenge. More than half of those changing curriculum (56 percent) said it will take at least a year to implement changes while nearly one in five (18 percent) said it will likely take three to five years.
What is driving the skills gap?
The type of skills gap employers face will vary considerably by geography. The energy-related skills gap in Texas, for example, will look different from the production-related gap in Michigan. However, when asked to identify the main drivers behind the skills gap overall, employers pointed to a long list of causes topped by the following:
o The educated labor supply in the U.S. is not keeping up with demand. For example, in 2012, around 1,600 people graduated with petroleum engineering degrees. The U.S. produces around 2,600 job openings in this area every year.3
o Employers may not always be able or willing to pay what their market dictates for a particular position. Thirty-five percent of employers believe they can pay people less because of the high unemployment rate. However, when it comes to hard-to-fill positions, 30 percent have reported they have increased wages and 42 percent said they are considering it.
o The roles within organizations are becoming more complex. Nearly one-third of employers now hire college graduates for positions that were previously held by high school graduates.4
o Technology is changing so rapidly, it can be difficult to keep pace in an academic setting. According to research noted in The Talent Equation, it is estimated that technology skills depreciate at about the same rate as physical assets.5
*Based on employers who provided an estimate for the cost for keeping a position open three months or longer.
1 CareerBuilder commissioned study, conducted online by Harris Poll, on hard-to-fill jobs, June 2013
2 CareerBuilder commissioned study, conducted online by Harris Poll, on 2014 jobs outlook, December 2013
3 Data from Economic Modeling Specialists Intl. (EMSI)
4 CareerBuilder commissioned study, conducted online by Harris Poll, on educational requirements, December 2013
5 The Price and Quantity of IT-Related Intangible Capital by Prasanna Tambe, Lorin Hitt and Erik Brynjolfsson, December 2011
This survey was conducted online within the U.S. by Harris Poll on behalf of CareerBuilder among 1,025 employers (employed full-time, not self-employed and have full or significant involvement in hiring decisions and work in Healthcare, Information Technology, Manufacturing, Engineering or Finance/Accounting), 1,524 job seekers (506 employed full-time who feel that their current job requires less skill or training than they currently have or employed part-time who are currently looking for full-time employment and feel that their current job requires less skill or training than they currently have, 505 unemployed seeking work and 513 full/part-time employees who are at a job not in their desired field or one that matches their unique skill set) and 205 academics (employed full-time, not self-employed and part of their daily responsibility include curriculum and planning decisions for their community college, technical school, 4 year college or university or graduate school) ages 18 and over between October 17 and November 6, 2013 (percentages for some questions are based on a subset, based on their responses to certain questions). With pure probability samples of 1,025, 1,524 and 205, one could say with a 95 percent probability that the overall results have sampling errors of +/- 3.06, +/-2.51 and +/-6.84 percentage points, respectively. Sampling error for data from sub-samples is higher and varies.
CareerBuilder is the global leader in human capital solutions, helping companies target and attract great talent. Its online career site, CareerBuilder.com®, is the largest in the United States with more than 24 million unique visitors and 1 million jobs. CareerBuilder works with the world’s top employers, providing everything from labor market intelligence to talent management software and other recruitment solutions. Owned by Gannett Co., Inc. (NYSE:GCI), Tribune Company and The McClatchy Company (NYSE:MNI), CareerBuilder and its subsidiaries operate in the United States, Europe, South America, Canada and Asia. For more information, visitwww.careerbuilder.com
Classified Ventures LLC, which last week sold off rental site Apartments.com, has put its remaining digital property Cars.com up for sale for as much as $3 billion, The Wall Street Journal said Sunday.
Citing unnamed sources, the Journal said Chicago-based Classified Ventures is seeking to cash in on current high-riding valuations for e-commerce sites – and cash out the consortium of major newspaper publishing companies that formed CV in 1997.
The Journal said investment bank Moelis & Co. which is advising Classified Ventures in the sale, has already begun discussions with potential buyers, including private-equity firms and “strategic investors.” The Journal’s sources said that one of CVs’ owners might raise its stake or buy out others, adding in particular that Gannett has “signaled interest … depending on price.”
Gannett has about a 27 percent stake in the consortium, based upon its proceeds of the Apartments.com sale. In October 2013, Gannett publicly expressed an interest in buying Tribune’s share of CV, estimated at about 28 percent. The other owners are McClatchy Co. (25%), Graham Holdings Co. (16%) and A.H. Belo (3.3%). The New York Times Co. bought into Classified Ventures in 1998 but fell out several years later. In 2009, CV spun out its real estate portal Homefinder.com.
Moelis managed the $585 million cash sale of Apartments.com to the CoStar Group, which owns rental property marketplace LoopNet.com
Cars.com especially has been a cash cow – at least for its larger owner publishers, helping offset some of their newspaper losses over the past decade in dividends – but not well enough to staunch newspapers’ hemorrhaging. Revenues are estimated between $400 million and $500 million for 2013, which implies a valuation based on six to seven times revenue. A new owner – or a single owner – could realize and estimated $200 million a year if it didn’t have to pay out dividends, the Journal pointed out.
A change of ownership would likely negate the ad sales agreements Cars.com has with the owners’ member newspapers, which in recent years have been a welcome source of revenue. Those newspaper agreements were important to Cars.com in 1997, as it built market share. These days, Cars.com doesn’t need newspapers to rep them in any market. In 2013, when the ad-sales agreement between then-NYT-owned The Boston Globe expired, Cars.com decided not to renew. The Globe lost an estimated annual $10 million in revenue.
So why put Cars.com up for sale when it likely means lost revenue to struggling newspapers? That’s pretty obvious: It’s just business. Nothing personal. Unless, of course, it’s your business; then it’s personal.
Tribune is spinning out its newspapers this year. Tribune and Gannett have shifted focus to more profitable broadcast properties. Last October, Graham Holdings sold flagship The Washington Post to Amazon founder Jeff Bezos.
But if the CV consortium is going to get out of the game, the time is ripe: Cars.com chief rival, AutoTrader.com, hit $1.4 billion in revenue in 2013 – a three-year, compound annual growth rate of 12 percent. In January, which in 2010 had sold 25 percent of AutoTrader.com to Providence Equity Partners for $640 million, bought the share back in January for $1.8 billion – a valuation of about $7 billion.
While not getting into it, the Journal story raised the specter of eventual competitive threats from Google and Amazon. Google ran a beta site for cars sales in the San Francisco area, but shut it down in January with a hint that it had something new and improved in mind. Amazon dabbles in exotic car leasings.
We reached out to Classified Ventures and Cars.com for comments. We’ll update this story as it develops.
* In an an email alert that went out to clients, I mistakenly referred to CoStar as owning ListHub. I meant LoopNet. Sorry about that. — Jim]]>
The monetization march has started for Schibsted-owned Blocket’s jobs vertical in Sweden. It recently raised the listing price of a single job by 27 percent from SEK 750 (€85 or $117 U.S.) to SEK 950 (€107 or $149 U.S.).
The vertical Blocket Jobb was launched in 2011 and this was the first price increase since the launch.
With 170,000 to 200,000 unique weekly visitors, it is still very cheap compared to other sites in the Swedish market and far below what Finn.no charges for its ads. In Norway Finn’s listing price is still more than ten times higher at €1,170.
Blocket Jobb became one of Sweden’s top three recruitment sites (along withCareerBuilder and Monster) in just three years, with around 4,000 job ads.
But, this first price increase for a simple listing at Blocket Jobb was probably just the beginning. Earlier this year Blocket bought the StepStone operation in Sweden. Nothing has yet been said about how the StepStone operation will be run together with Blocket Jobb.
Blocket Jobb has a new chief after Helena Ahlström was promoted to general manager of SnT Classifieds Asia, the Schibsted joint venture with Telenor. The new head of Blocket Jobb is Anna Bergius, who was previously marketing manager at Blocket. Before that, she held different positions in the gambling business of Betsson.
It is a sure bet that more price increases are in the pipeline at Blocket Jobb. Financial analyst Markus Bjerke at Arctic Securities in Oslo put the issue under the spotlight in a financial letter. He wrote:
“We would like to highlight three points. Firstly, a 27-percent price hike for an asset that grew 12 percent on average last year is clearly substantial; secondly, it indicate Blocket has strong traction in the jobs vertical, otherwise they would have been much more careful with the price hike, and thirdly, it also illustrate the vast potential for long-term growth in Sweden, as Blocket still only reaps one-tenth of what Finn does for a similar listing in Norway.”]]>