Tuesday, May 23, 2006


(Crain's) Tribune Co. made good on plans to add to its Internet stable Monday and announced the purchase of a real estate Web site company.

Its Tribune Interactive subsidiary acquired ForSaleByOwner.com, a nine-year-old Internet company that caters to people selling their houses without the aid of a real estate agent.

The purchase comes as TribuneÂ’s Web sites bolster lackluster ad sales seen in the companyÂ’s publishing division. Internet revenues climbed 30% in the first quarter of the year thanks in large part to online help wanted and auto advertising. ForSaleByOwner could strengthen TribuneÂ’s online real estate business.

For a complete article: http://chicagobusiness.com/cgi-bin/news.pl?id=20707&bt=forsalebyowner&arc=n&searchType=all

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