||CHICAGOJune 10, 1999Apartments.com
(www.apartments.com), the fastest-growing national
online apartment guide, today announced the launch of its service on the award-winning web
site of the Chicago Tribune, located at www.chicagotribune.com. With the addition
of the Chicago Tribune, Apartments.com is now featured as the exclusive provider of
apartment information on the web sites of 26 newspapers across the country, including
The Washington Post and Los Angeles Times.
In a related launch,
Apartments.com is now also featured on the local web site of RELCON, a Chicagoland
apartment finding service and print guide owned by the Chicago Tribune. RELCON
represents more than 350 apartment communities in the Chicago area on its web site, all of
which will have their online ads converted to the Apartments.com format.
Apartment hunters in the Chicagoland area can conduct a local or national search of
Apartments.coms database of visual listings by clicking on Classifieds at www.chicagotribune.com or visiting the RELCON
web site at www.relconapartments.com. In both cases, the sites have retained their current
look and feel, but have been enhanced by the robust search functionality and highly
detailed listings provided by Apartments.com.
currently represents approximately 20,000 listingsabout 3,000 visual ads of
apartment communities and 17,000 classifiedsacross 44 states and Washington, D.C.
After customizing their search to reflect their preferred location, rent range, number
of bedrooms and bathrooms and up to 23 amenities, such as whether an apartment includes a
washer and dryer or allows pets, Apartments.com users can take a "virtual tour"
of their results, viewing up to dozens of interior and exterior photos for each advertised
model, floor plans and interactive video. Giving apartment hunters the ability to finely
tune their search and review such in-depth, visual information enables Apartments.com to
deliver more highly-qualified, motivated leads to its customers.
"Partnering with such highly respected resources for local apartment information
like the Chicago Tribune and RELCON will significantly increase the distribution
and promotion of our customers ads," said Dan Donaghy, Senior Vice President
and General Manager of Classified Ventures Real Estate. "By giving them greater
visibility with motivated apartment hunters, Apartments.com can deliver property managers
more qualified leads and lower their average cost to rent an apartment," he said.
Since the beginning of the year,
Apartments.com has been launched on the local web sites of a dozen newspapers, which has
helped to increase its traffic to nearly 2 million visits per month, as tracked by
internal audits. According to the latest report issued by Media Metrix, the leader in
Internet and digital media measurement, Apartments.com is now the fastest-growing national
online apartment guide in generating monthly traffic.
"Over the past year, as weve launched on the web sites of our affiliated
newspapers, the number of monthly visits to Apartments.com has increased by more than 400
percent," said Donaghy. "This tremendous growth represents in part the power of
local newspapers to drive apartment hunters to Apartments.com on their web sites, and
illustrates the additional exposure property managers can realize when working with
In conjunction with the launch of Apartments.com on www.chicagotribune.com, Apartments.com will
initiate a print advertising campaign in the Chicago Tribune, extending its
campaign running in its other affiliated newspapers. Apartments.com expects to be featured
on the web sites of more than 100 newspapers by the end of 1999, and will coordinate local
advertising to coincide with each launch.
Apartments.com also provides renters with an easy way to search and review the most
current classified apartment listings from the Chicago Tribune, as well as in-depth
local community information to help them through their search.
Based in Chicago, Classified
Ventures, Inc. provides nationally branded online services for developing e-commerce
opportunities in the classified advertising marketplace that build upon the local
capabilities and expertise of its national affiliate network. The company currently
operates five national web sites in the apartment, auction, automotive, relocation and new
home construction categories, including Apartments.com (www.apartments.com), Auction Universe , cars.com (www.cars.com), MovingCenter (www.movingcenter.com) and NewHomeNetwork.com (www.newhomenetwork.com). Classified Ventures will
also launch HomeHunter as a local resale real estate service on the web sites of its more
than 130 newspaper affiliates in summer 1999.
Classified Ventures was formed by eight leading media companies, including: Central
Newspapers, Inc.; Gannett Co.; Knight Ridder; The McClatchy Company; The New York Times
Company; The Times Mirror Company; Tribune Company and The Washington Post Company. For
more information on Classified Ventures, visit www.classifiedventures.com.
About Chicago Tribune Interactive Media
Chicago Tribune Interactive Media
takes advantage of the resources of the Chicago Tribune and extends them to
cyberspace. The Chicago Tribune Internet Edition at chicagotribune.com and on AOL
(keyword: Tribune) includes the daily newspaper, breaking news as well as special
presentations and archives.