The second largest shareholder in the REA Group, The Ray White Group, has sold its complete holding – 13.5 million shares at $5.75 per share for a total of $77.6 million. That represents a change of ownership of 10.6 percent.
REA Group said in a statement that the sal
Media magnate Rupert Murdoch, who, through his News Ltd business controls the largest media group in Australia, has indicated he will be looking at ways to charge for online content in order to combat dwindling newspaper sales and falling classifieds revenues.
“There is no doubt that the traditional newspaper model has to change, even though the present situation, I think, has
The rate of decline in Australian job listings has steadied, according to the most recent data published by the country’s largest recruitment classifieds Web site.
Seek’s monthly jobs listings data shows that the number of ads placed on its site fell by a seasonally adjusted 5.6 percent over April 2009, continuing the downward trend observed since mid last year. That was
Domain.com.au, Australia’s second-most visited property portal, has introduced a new function that allows browsers to search properties that have already been sold.
Domain says that the new feature lets both buyers and sellers search and view what price properties sold for, when they were sold and whether they sold by auction or private treaty. Users can then arrange their sear
Job listings in Australia continue to fall along with the rest of the world. The total number of jobs advertised in major Australian metropolitan newspapers and on the Internet fell by 7.5 percent in April to a weekly average of 136,770 per week. This is on top of the 8.5 percent fall in March.<
Australia’s Trading Post classified ad Web site is going mobile. The new Trading Post Mobile site can be found at m.tradingpost.com.au. It allows users to check prices, bid for and buy items with any browser-enabled mobile device. The mobile version provides real-time access to classifieds and auction ad listings on Trading Post.
Ouch. While Australia might not have been hit as hard as many counties in the economic downturn, the employment market is starting to hurt. That's reflected in job advertisements for October. The ANZ report shows downturns for both newspapers and the Internet.
Newspaper job ads, measured by ANZ fell by 12 percent on September and are now a whopping 35 percent lower than a year ago. That
Executives at two Australian media groups say their online advertising revenues are continuing to grow well, even though two analysts projected slowing growth in online revenues Down Under.
There is no evidence in our business that our clients are looking to cut back,” Ed Smith, chief commercial officer of News Digital Media,
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