Cars.com Has One Owner Now in Gannett

Used Car News - August 6, 2014

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.

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