October 01, 2014 12:43 AM ET

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Company Overview of Classified Ventures, LLC

Company Overview

Classified Ventures, LLC provides digital marketing solutions in the automotive category. The company owns and operates Cars.com, a Website that helps shoppers to find new and used cars in the United States. Its Website features local and national automotive listings, photo galleries, videos, reviews, editorial content, blogs, and online calculators. The company was founded in 1997 and is headquartered in Chicago, Illinois.

175 West Jackson

8th Floor

Chicago, IL 60604

United States

Founded in 1997

Phone:

312-601-5000

Fax:

312-601-5755

Key Executives for Classified Ventures, LLC

Chief Executive Officer and President
Age: 48
Chief Financial Officer
Senior Vice-President and President of Cars.com
Senior Vice President
Chief Legal Officer
Compensation as of Fiscal Year 2014.

Classified Ventures, LLC Key Developments

A.H. Belo Mulls Acquisitions

A.H. Belo Corporation has agreed to sell its shares in Classified Ventures, LLC (CV) to Gannett Co., Inc. (NYSE:GCI). This represents a great outcome for the owners of CV, and that of course includes us," said Jim Moroney, Chairman, Chief Executive and President of A.H. Belo. "These proceeds give us more flexibility to improve shareholder value by making strategic acquisitions in the marketing services area, as well as consider ways to more directly return capital to shareholders."

Gannett To Reportedly Acquire Full Ownership Of Cars.com

Gannett Co., Inc. (NYSE:GCI) has agreed to buy the remaining shares in Cars.com for $1.8 billion, Bloomberg reported citing person familiar with the matter. Jeremy Gaines, a spokesman for Gannett Co., Inc. declined to comment. As part of the deal, the four owners other than Gannett Co., Inc. will have five-year agreements with Cars.com in which they will continue to sell advertising in their respective regions. A representative for Classified Ventures LLC, the entity that owns Cars.com, couldn’t be reached for comment.

Classified Ventures, LLC Names Michael Cronin as Vice President and Chief Legal Officer

Classified Ventures, LLC announced that Michael Cronin, a Senior Counsel at the company, has been named Vice President and Chief Legal Officer. As CLO, Cronin is responsible for oversight of all legal matters, including intellectual property, mergers and acquisitions, employment law, IT licensing, corporate governance and compliance matters, as well as scaling the Legal department to the company's growing needs. As CLO, Cronin also joins the company's senior management team. Cronin joined the company six years ago and has worked as in-house counsel on sweepstakes evaluations, affiliate and channel sales agreements, employee relations, and acquisitions and divestitures. In addition, he guided cross-functional teams in designing and rolling out Cars.com and Apartments.com product initiatives, while managing legal risks proactively and helping to achieve time-to-market goals. Cronin has 14 years' experience with technology firms as in-house counsel. Prior to joining the company, he worked for Level 3 Communications Inc., as a senior staff attorney responsible for contract drafting, state and federal regulatory compliance, and customer/vendor dispute resolution.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
August 5, 2014
--
Merger/Acquisition
March 3, 2014
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