News


Real estate site Suumo launches short-term parking app

Real estate site Suumo launches short-term parking app

Suumo.jp, the No. 1 site for real estate information in Japan, will roll out an innovative smartphone tool for the short-term rental of listed parking spaces for autos. The app is called Suumo Drive. The app will dovetail with a monthly parking rental service already on the Suumo site. Suumo is a Recruit Holdings site.



Sanoma’s Q1 revenue grows only in Finland

The revenue of the division Consumer Media of Sanoma Group (where the classified businesses in Finland and the Netherlands are housed, including auction platform Huuto and marketplace Oikotie), stayed on the growth path in Finland in Q1 of FY2017 from Q1 of FY2016, but declined slightly in the Netherlands and Belgium. Sanoma released its financial results for Q1 earlier this week.


Axel Springer buys Logic-Immo for $115 million US

Axel Springer buys Logic-Immo for $115 million US

German media group Axel Springer acquired Paris-based Concept Multimedia, which operates France’s No. 3 property platform Logic-Immo, for €105 million ($115 million U.S.), according to a news release of Axel Springer. Axel Springer already owns SeLoger.com, France’s No. 2 property site, which it acquired in 2011 for €633 million ($850 million U.S.). The sale is subject to the approval of the French Competition Authority.


Cox Automotive Australia gears up for online selling

Cox Automotive Australia gears up for online selling

The days of schlepping to and from auto dealerships in search of your next car are numbered, as Cox Automotive Australia, parent company of auto site CarsGuide, gears up to implement a predominantly online-only car-buying experience.


UK classified ad spend up 8% in 2016 – IAB and PwC

UK classified ad spend up 8% in 2016 – IAB and PwC

Classified ad spending increased eight percent in the U.K. in 2016 to £1.5 billion (about $1.9 billion U.S.), according to a new analysis done by the Interactive Advertising Bureau (IAB) and PwC. The researchers concluded that classified ad spend, including spending on jobs, real estate and automotive listings, represented 14 percent of total digital advertising spend in the U.K. in 2016.



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