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Cars.com Has One Owner Now in Gannett

2014-08-07 07:46:50| AutomotiveDigest.com - Automotive Industry News

Media giant Gannett is buying out its partners in Cars.com for $1.8 billion in cash. Gannett will acquire the 73% interest it does not already own in Classified Ventures LLC, which owns Cars.com. Gannett is growing its digital business through the Cars.com deal; it will be splitting off into different companies, with digital and broadcast separate from its print business. The Article Cars.com Has One Owner Now in Gannett appeared first on Automotive Digest.

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