Joint Venture Acquires Online Firm HomeGain

Classified Ventures, a joint venture among six major media companies including Tribune Co., owner of the Los Angeles Times, has purchased online real estate firm HomeGain for undisclosed terms.

The deal was seen as a further step for newspapers in protecting their classified advertising franchise, which has increasingly moved to online venues. Classified Ventures also operates Cars.com and Apartments.com. Emeryville, Calif.-based HomeGain helps real estate agents find potential customers.

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-- Annette Haddad