In UK, newspaper chain Trinity Mirror has expanded into the online property services market, buying Smart Media Services, the owner of house portal smartnewhomes.com.
Trinity is paying an initial $19.7 million for Smart Media, while a further $9.2 million is payable depending on future earnings of the business.
Smartnewhomes.com is an Internet marketing portal for new-build homes, and currently claims to attract more than 400,000 visitors a month.
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