Can newspaper companies make money on real estate classifieds? by Katja Riefler in Real Estate 22 Apr 2009 Can newspaper companies make money on real estate advertising? What an odd question, at least for Axel Konjack, CEO of Immonet GmbH, a German real estate portal owned by Axel Springer! He just told me on the phone that Immonet is a real money-maker for Axel Springer, outperforming its printed newspapers: “Immonet earned more th This article is only available to AIM Group clients. Please subscribe now or log in to view. Share Strategy Katja Riefler Katja Riefler, AIM Group principal and director for Europe, Middle East and Africa, has a broad background working with newspapers, trade associations and online services to shape media companies for the future. She is based in Munich and travels regularly throughout Europe and frequently to the United States.