Gannett to buy Cars.com, WSJ told

04 Aug 2014

According to unnamed Wall Street Journal sources, Gannett Company, the largest shareholder of Cars.com owner Classified Ventures,  is about to close a $1.8 billion deal to acquire the 73 percent of Cars.com it does not already own.  The announcement might be made public as soon as Tuesday, sources said.

Cars.com has been owned by Classified Ventures  ever since the auto listing site first launc

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Sharon Hill

Sharon Hill has been a senior writer / analyst with the AIM Group since 2004, except for a two-year time-out to serve as sales and marketing manager for Suburban Newspapers of America. She worked at newspapers in California, the Carolinas and Indiana as a classified advertising sales supervisor and manager, and in newspaper circulation in Alaska. At the SNA, she was responsible for bringing in new members; lining up exhibitors, and helping develop programs for the classified conference and the classified alliance. She is also co-author of “Implementing and Managing Telework: A Guide for those who make it Happen” (Praeger Press) and a prolific blogger and social media user. She is based in Phoenix.