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News, features and resources for media and publishing professionals. Friday, November 30, 2001 Blogs | Subscribe | Interviews | Events | Films | Book Blog Media Cynic | Forum | Advertising | Classifieds | Jobs Belo Invests in Classified Ventures Classified Ventures (CV) and Belo announced that Belo has purchased an equity position in Classified Ventures, LLC. The companies also announced that' the newspaper and television websites of Belo Interactive, Inc., Belo's Internet subsidiary, are joining the affiliate network of cars.com, CV's online automotive site, in 10 markets. The Belo websites affiliating with cars.com include the websites affiliated with Belo's three largest newspapers -- The Dallas Morning News (DallasNews.com), The Providence Journal (projo.com), and The Press-Enterprise (PE.com); and the websites affiliated with Belo's television stations located in Houston, Seattle/Tacoma, St. Louis, Portland, New Orleans, Austin and Spokane. The broadcast-affiliated websites located in Portland (kgw.com) and Austin (kvue.com) will be the first properties to join the CV network by launching cars.com. ``Building out CV's affiliate network is one of our key strategic objectives,'' said Daniel A. Jauernig, president and chief executive officer of Classified Ventures. ``Adding a new media partner as prominent as Belo will help us take our businesses to the next level faster than planned. We are thrilled by their decision to partner with us.'' Robert W. Decherd, Belo's chairman, president and chief executive officer, said, ``We are very glad to be participating in Classified Ventures both as an investor and affiliate. The addition of proven products to Belo's network of local news and information websites is an important strategic objective for Belo. We expect great success from the launch of cars.com, and are especially pleased to bring a strong online automotive solution to our broadcast-affiliated websites.'' Belo will join Classified Ventures' other equity partners and network participants: Gannett Co., Inc., Knight Ridder, The McClatchy Company, The New York Times Company, Tribune Company and The Washington Post Company. In partnership with 170 newspaper and television station affiliates, Classified Ventures has developed a network of online marketplaces containing content for buyers, sellers and renters. CV's products are Apartments.com, cars.com and HomeScape, a real estate private-label application service provider. Related Links: · Belo · Classified Ventures, LLC Click here to return to the homepage of The Write NewsTM Click here to subscribe to our free weekly email newsletter. www.writenews.com Copyright © 1997-2007 by Writers Write, Inc. All Rights Reserved.