Classified Ventures, LLC (“CV”), a leading provider of digital marketing solutions in the automotive and apartment rental categories, has entered into an agreement to sell its business for $585 million in cash to CoStar Group, Inc., a leading provider of commercial real estate research and information services.  The sale follows a September 2013 announcement that the Company and its Board of Directors would explore strategic alternatives for

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

Classified Ventures CEO Dan Jauernig said in a release: “This was a very thorough process, and we are confident that the sale to CoStar will allow to continue to grow and flourish.  CoStar has demonstrated an understanding of the value of and a commitment to its growth.  We look forward to working with them to consummate the sale.”

This sale will not impact Classified Ventures’ business.

Classified Ventures, LLC  is 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 and rental categories.

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