Tribune Buys Out Realty Site


Tribune Interactive, the digital media subsidiary of Tribune, has acquired, a national real estate website that directly connects home buyers and sellers through private residential listings. Financial terms of the transaction were not disclosed. The site charges an advertising fee for homeowners to list…prospective home buyers can browse the site database for free. It had more than 1.6 million average monthly unique visitors in 2005, the company said.
Note that the acquisition wasn’t through Classified Ventures, the joint venture between Tribune, Gannett, Knight Ridder/McClatchy, Belo and WaPO, which between them own,, and others. Not sure if this means anything (implication of the Knight Ridder buyout?)…or just that the site was too small for others to chip in.

Comments are closed.