Classified Ventures, LLC Announces Close of Sale to CoStar Group, Inc.

Apr 01, 2014, 16:30 ET from Classified Ventures, LLC

CHICAGO, April 1, 2014 /PRNewswire/ -- Classified Ventures, LLC ("CV"), a leading provider of digital marketing solutions in the automotive and rentals category, announced that the sale of its business to CoStar Group, Inc. ("CoStar"), has closed effective April 1, 2014.   

The close of sale follows a March 3, 2014 announcement that the company had entered into an agreement to sell its business for $585 million in cash to CoStar, a leading provider of commercial real estate research and information services. 

The business includes category-leading sites such as,, and

CV CEO Dan Jauernig shared: "We are pleased with how smoothly the overall transaction process has gone, and wish and CoStar great success in the future."

This transaction will not impact CV's business. 

About Classified Ventures, LLC
Classified Ventures, LLC helps shoppers find the perfect car through its award-winning website. A strategic joint venture among five media companies including A. H. Belo Corp. (NYSE: AHC), Gannett Co. Inc. (NYSE: GCI), The McClatchy Co. (NYSE: MNI), Tribune Co. and Graham Holdings Company (NYSE: GHC), Classified Ventures seeks to capitalize on revenue growth in online advertising in the automotive category. For more information, please visit

SOURCE Classified Ventures, LLC

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