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.
The Article Cars.com Has One Owner Now in Gannett appeared first on Automotive Digest.