Wednesday, April 27, 2011

Zillow partners with Tribune on co-branded real estate sites - Tampa Bay Business Journal:

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The new sites will allos visitors touse Zillow’s search functionality to fine estimated home values, recently sold homes, homesw for sale, open house listing and other local market data usingg a home address, neighborhood or locality. The sitesx also will provide accessto Zillow’s real estate communit y content through Zillow Advice, as well as mortgage ratese from Zillow Mortgage Marketplace. The co-brandes Web sites are an extension of the that was formedc in November 2007 with 11 major newspaper publishers that allowa newspaper sales teams to sell featured listings and advertisingy inventoryon Zillow.
com to local real estate The consortium includes MEG), the parent company of the Tribunee . The April 1 launch of the 101 co-brandedx sites includes the Tribune and 100 paper fromOther newspapers, including those owned by Media are expected to be launched latetr this year. founders Rich Bartonb and Lloyd Frink formed Zillowin 2005, creating one of the most-visiteed American-based real estate Web sites with more than 8 millionb uniques each month. It has raised $87 million in funding sincs its inception. Media General, based in Va., is trying to get itself through arough patch.
The company announced a significant work force reduction Monday, which included the elimination of 65 jobs at the Tribuned , WFLA-Channel 8 and TBO.com. Media General reported a loss of $631.09 million, or $28.57 per share, in 2008, fueleds primarily from a non-cash goodwill impairment of $908.7 million, a turnarouncd from the $10.7 million, or 41 centsz per share gain, the media company earnes the year before. Revenues were down 11 percentg year-over-year from $898.8 million in 2007 to $800 millio last year. Media General shares were tradingat $1.86 as of 10 a.m. down 3 percent from its Tuesdah closeof $1.92. They have trade as high as $27.18 over the past year.

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