Property Grunt

Monday, May 29, 2006

If you can't beat em buy em.

I hope you all had a wonderful memorial day weekend. The Grunt spent his weekend with friends including one who is leaving for the left coast.

It has been an interesting week real estate wise. First of all the Tribune purchased "".

I have to applaud the Tribune for making this move. As everyone knows the web ads is pummeling prints ads on a daily basis. According to the Financial Times.

The internet will this year overtake national newspapers to become the third biggest advertising medium by spend, according to authoritative forecasts.

By the end of 2007, internet advertising will close the gap on regional newspapers, the number two medium, but will still be well short of television, the biggest outlet in the £12bn-a-year media advertising market.

A very real scenario is that some newspapers may completely do away with their classified ads sections and just set up an online ads since it would allow them to cut their overhead.

By buying out "", the Tribune has planted seeds for another profit center and will also prevent further hemmoraging from their current business model. However if I were ad sales department, I would be very nervous because their jobs maybe outsourced.

ADHL sales rep recently tried to get me to sign up for a new deal. She mentioned that next month fuel prices would be going up and by signing up for this deal I wouldn't be affected by those hikes for 6 months.

Those of you with cars, I suggest you start gassing up now before you have to pay more at the pump. This summer is really going to suck.