Original article by Leo Shanahan
The Australian – Page: 24 & 26 : 3-Feb-20
Australian Community Newspapers’ owners Antony Catalano and Alex Waislitz have paid about $10m for a 33 per cent stake in Realestateview.com.au. Catalano will join the board of the unlisted classified advertising group. Realestateview.com.au CEO Toby Balazs notes that combining its property listings with ACN’s portfolio of regional newspapers means it will have a digital audience of 5.4 million. Catalano expects the new venture to be a serious rival to Domain, although he concedes that Realstate.com.au is likely to remain the leading player in the sector.
AUSTRALIAN COMMUNITY MEDIA, REALESTATEVIEW.COM.AU LIMITED, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, REALESTATE.COM.AU, REA GROUP LIMITED – ASX REA, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC