Classified Ventures, Inc., today announced the
appointment of Tim Fagan to Vice President and General Manager of one of the
company's leading real estate Web sites, Apartments.com(. Classified
Ventures operates Internet businesses in the categories of real estate and
automotive for over 150 affiliate newspapers, 7,000 local and national
advertisers and millions of monthly consumers. Fagan will be responsible
for supervising the product and organizational strategies needed to provide
consumers and advertisers with the best online residential rental real
estate solution.
"Promoting Tim Fagan, who has a proven track record of generating tremendous
results and forward momentum, illustrates the commitment we've made to build
upon the very solid foundation of Apartments.com and move it confidently
toward the lead position in providing services to online classified
advertisers, consumers and marketers," said Dan Jauernig, Classified
Ventures' president and chief executive officer. "Tim's 10+ years of
business experience, including tenures at Bank of America and Price
Waterhouse Coopers, give him the necessary edge for taking Apartments.com to
the next level."
Fagan's diverse experiences in the high-profile arena of the largest media
companies in the U.S. will undoubtedly provide Apartments.com significant
advantages. Fagan will focus his talent for formulating strategic alliances
with historical, institutional players and new innovators in the
multi-family industry to propel Apartments.com toward profitability.
Fagan has been with Classified Ventures for over 2 1/2 years, most recently
as the Vice President of Corporate Development, helping create and manage
the Classified Ventures affiliate network of over 150 newspaper partners as
well as recruiting and structuring five additional profitable relationships
with non-investor affiliates. Fagan holds a Master's degree in
Finance/Economics from the University of Chicago Graduate School of Business
and earned his Bachelor's degree in accountancy from the University of Notre
Dame in Indiana. Fagan assumes responsibility for Apartments.com from Matt
Wise, who will remain for a transition period before pursuing a new venture.
Fagan will join the senior staff of Classified Ventures and report to Dan
Jauernig, president and CEO, Classified Ventures, Inc.
Classified Ventures, Inc. (CV) is an Internet-based media company that has
created and markets two leading online businesses -- Apartments.com(
(www.apartments.com) and cars.com( (www.cars.com). In addition to the
nationally branded Web sites, Apartments.com and cars.com also are carried
by a local affiliate network of more than 130 online newspaper Web sites.
Six strategic investors own Classified Ventures, Inc.: Gannett Co., Inc.,
Knight Ridder, The McClatchy Company, The New York Times Company, Tribune
Company and The Washington Post Company. The company is based in Chicago
and was founded in 1996.
Published: March 14, 2001
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