Classified Ventures LLC, the holding company for Cars.com, Homescape, Apartments.com, RentalHomesPlus, and HomeGain that is jointly owned by McClatchy, A.H. Belo Corp., Gannett Co., Tribune Co. and The Washington Post Co. is now valued at $338 million.
The valuation, contained in a 10 K filed by McClatchy Corp., is 13 percent below the $382 million that the company was valued at in December 2007. The valuation was apparently impacted by the slow ad environment and “impairments” at its HomeGain real estate leads unit, which had been sued by former employees for forced overtime and other issues.
The McClatchy 10K also contained declining valuation information for CareerBuilder, which is the newspapers’ biggest vertical success story. CareerBuilder’s value has been marked slightly down from $1.56 billion in December to $1.52 billion in June.