Classified Ventures, LLC Announces Tim Fagan as President of Classified Ventures' Real Estate Business
April 24 2006 - 9:00AM
PR Newswire (US)
Frank Breithaupt Promoted to General Manager of Homescape CHICAGO,
April 24 /PRNewswire/ -- Classified Ventures, LLC, a strategic
joint venture owned by six leading media companies, today announced
the appointment of Tim Fagan to President of Classified Ventures
Real Estate. An eight-year veteran with Classified Ventures, Fagan
has been serving as Senior Vice President and General Manager of
Apartments.com, a division of Classified Ventures. In his new
position, Fagan will oversee HomeGain.com and Homescape and lead
Classified Ventures' combined online real estate strategy. Fagan
assumes responsibility as President, CV Real Estate from Richard
Sommer, who resigned the position effective June 30, 2006.
"Promoting Tim Fagan, who has a proven track record of generating
strong results and forward momentum, illustrates the commitment
we've made to our real estate businesses, HomeGain and Homescape,"
said Dan Jauernig, Classified Ventures' President and Chief
Executive Officer. "Under Tim's leadership, both businesses will
continue to improve upon core products and services to better meet
the needs of advertisers, consumers and our Affiliate newspaper
partners." Under the direction of Fagan, Apartments.com advertisers
have grown from 7,000 to over 14,000, revenues have increased over
500%, and profitability has increased. Reporting to Fagan will be
Frank Breithaupt, Vice President and General Manager of Homescape
and Richard Sommer, CEO of HomeGain, until his departure in June.
Breithaupt has been promoted to the General Manager position.
Breithaupt has been with Classified Ventures for seven years, and
most recently served as Vice President of Product for Homescape. He
has been an integral force in the development and rollout of
Homescape's ASP solution, and has led the sales, communication and
product development teams for Homescape. "We are pleased that
Richard has agreed to remain at CV to assist Tim during the
transition at HomeGain," stated Jauernig. "Richard's tenure at
HomeGain was successful. He was able to double revenues, add
additional resources to HomeGain's staff and management team, while
keeping the company profitable. He effectively managed the
acquisition of HomeGain to Classified Ventures in 2005, and led the
integration of HomeGain into CV's real estate business. We wish
Richard the best of luck in his future endeavors." "HomeGain and
Homescape saw a combined 6.6 million unique visitors to their sites
in March," stated Tim Fagan. "This number reinforces our already
strong position in the real estate marketplace, and I look forward
to building upon the solid products and customer base to further
distinguish Classified Ventures' real estate businesses as the
ideal tool for advertisers and consumers looking to buy or sell
real estate." "I am excited to have Tim as my successor," said
Richard Sommer, CEO of HomeGain. "His success at Apartments.com
speaks for itself, and he has my full support." Fagan joined
Classified Ventures in 1998, and held positions of increasing
responsibility in Business and Affiliate Development, until being
named General Manager of Apartments.com in 2001. Prior to
Classified Ventures, Fagan worked for Price Waterhouse Coopers and
Bank of America. Before joining Classified Ventures, Breithaupt
worked for Advance Internet, Gannett and Scripps Newspapers About
Classified Ventures Classified Ventures is a strategic joint
venture among six media companies, including Belo Corp. (NYSE:BLC),
Gannett Co. Inc. (NYSE:GCI), Knight Ridder Inc. (NYSE:KRI), The
McClatchy Co. (NYSE:MNI), Tribune Co. (NYSE:TRB) and The Washington
Post Co. (NYSE:WPO), whose objectives are to collectively
capitalize on the revenue growth in the online advertising
categories of automotive, real estate, and rentals. To execute on
its objectives, Classified Ventures has four leading businesses --
Apartments.com, Cars.com, HomeGain and Homescape. About HomeGain
HomeGain(R) is the leading, online source for connecting real
estate professionals with homebuyers and sellers. HomeGain's tools
give consumers access to agents and brokers nationwide. Real estate
agents and brokers have a choice of three advanced solutions to fit
their individual needs. Acquired by Classified Ventures in 2005,
HomeGain has over five million website visits per month and 300+
partnerships, including Yahoo!, Google, MSN, AOL and USATODAY.com.
Agents and brokers trust HomeGain to connect, build and grow their
business. For more information, please visit
http://www.homegain.com/ . About Homescape Homescape serves a
network of 150 local online newspaper websites nationwide with a
full suite of online advertising solutions. Our network includes
Chicago Tribune ( http://www.chicagotribune.com/ ), The Washington
Post ( http://www.washingtonpost.com/ ), Arizona Republic (
http://www.azcentral.com/ ) and The Miami Herald (
http://www.miami.com/ ). Homescape provides a variety of real
estate tools designed to meet the individual needs of local real
estate agents, brokers, builders and private party advertisers, and
delivers a complete set of robust, local home listings to
consumers. For more information, visit http://www.homescape.com/ .
DATASOURCE: Classified Ventures, LLC CONTACT: Shannon Swierczek of
Homescape, +1-312-601-5720, Web site:
http://www.classifiedventures.com/ http://www.homegain.com/
http://www.homescape.com/
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