Belo Invests In Classified Ventures

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Dallas-based Belo has acquired an equity stake in Classified Ventures, the Chicago-based provider of cars.com and Apartments.com.

Belo Interactive, the Internet subsidiary of Belo, is adding its newspaper and television Web sites to Classified Ventures’ cars.com network. The new cars.com affiliates include the newspaper sites of The Dallas Morning News, The Providence Journal, and The Press-Enterprise in Riverside, Calif. Other new affiliates include Belo television stations’ Web sites in Houston, Seattle, St. Louis, Portland, New Orleans, Austin, and Spokane.

The deal expands the cars.com network to 156 newspaper sites and provides access to 23 of the top 25 U.S. markets.

Belo will be an equity partner alongside other Classified Ventures’ owners, including Gannett Co., Knight Ridder, The McClatchy Co., The New York Times Co., Tribune Co., and The Washington Post Co.

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