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UK’s Purplebricks goes to Australia

The last year has seen a flurry of new entrants in the Australian real estate classifieds space, all aiming to offer low-cost alternatives to traditional sites, such as RealEstate.com.au and Domain.com.au. This month, U.K.-based, hybrid-agency Purplebricks.com.au...

Rocky relationships for Trade Me?

Trade Me New Zealand’s diversification into new business sectors has not paid off in its FY16 results. Its financial services, dating and travel businesses are all underperforming or incurring losses this year. As a result CEO Jon Macdonald said Trade Me would...

Seek FY16 sets profit record

Seek Limited has reported a record profit increase of 27 percent and a healthy overall revenue increase of 11 percent in its FY16 results, with international acquisitions and foreign revenue growth playing a key role in boosting financial performance. This was despite...

Domain up, Fairfax down in FY2016

Domain Group, a division of Australia’s Fairfax Media, grew revenue by 33 percent and EBITDA by 40 percent in the financial year which ended on June 30, but couldn’t keep Fairfax Media from pencilling in negative growth for a number of key indicators....

News Corp. sells CarsGuide stake to Cox

News Corporation sold its 50-percent stake in Australian auto site CarsGuide to Atlanta-based Cox Automotive for an undisclosed amount. The move follows News Corp.'s decision last month to turn its back on job site CareerOne (our report here), in wh... Join now to...