Classified Ventures, LLC Announces Tim Fagan as President of Classified Ventures' Real Estate Business
Frank Breithaupt promoted to General Manager of Homescape

  CHICAGO, IL, April 24, 2006-Classified Ventures, LLC, a strategic joint venture owned by six leading media companies, today announced the appointment of Tim Fagan to President of Classified Ventures Real Estate. An eight-year veteran with Classified Ventures, Fagan has been serving as Senior Vice President and General Manager of, a division of Classified Ventures. In his new position, Fagan will oversee and Homescape and lead Classified Ventures' combined online real estate strategy. Fagan assumes responsibility as President, CV Real Estate from Richard Sommer, who resigned the position effective June 30, 2006.

"Promoting Tim Fagan, who has a proven track record of generating strong results and forward momentum, illustrates the commitment we've made to our real estate businesses, HomeGain and Homescape," said Dan Jauernig, Classified Ventures' President and Chief Executive Officer. "Under Tim's leadership, both businesses will continue to improve upon core products and services to better meet the needs of advertisers, consumers and our Affiliate newspaper partners." Under the direction of Fagan, advertisers have grown from 7,000 to over 14,000, revenues have increased over 500%, and profitability has increased.

Reporting to Fagan will be Frank Breithaupt, Vice President and General Manager of Homescape and Richard Sommer, CEO of HomeGain, until his departure in June. Breithaupt has been promoted to the General Manager position. Breithaupt has been with Classified Ventures for seven years, and most recently served as Vice President of Product for Homescape. He has been an integral force in the development and rollout of Homescape's ASP solution, and has led the sales, communication and product development teams for Homescape.

"We are pleased that Richard has agreed to remain at CV to assist Tim during the transition at HomeGain," stated Jauernig. "Richard's tenure at HomeGain was successful. He was able to double revenues, add additional resources to HomeGain's staff and management team, while keeping the company profitable. He effectively managed the acquisition of HomeGain to Classified Ventures in 2005, and led the integration of HomeGain into CV's real estate business. We wish Richard the best of luck in his future endeavors."

"HomeGain and Homescape saw a combined 6.6 million unique visitors to their sites in March," stated Tim Fagan. "This number reinforces our already strong position in the real estate marketplace, and I look forward to building upon the solid products and customer base to further distinguish Classified Ventures' real estate businesses as the ideal tool for advertisers and consumers looking to buy or sell real estate."

"I am excited to have Tim as my successor," said Richard Sommer, CEO of HomeGain. "His success at speaks for itself, and he has my full support."

Fagan joined Classified Ventures in 1998, and held positions of increasing responsibility in Business and Affiliate Development, until being named General Manager of in 2001. Prior to Classified Ventures, Fagan worked for Price Waterhouse Coopers and Bank of America. Before joining Classified Ventures, Breithaupt worked for Advance Internet, Gannett and Scripps Newspapers

About Classified Ventures
Classified Ventures is a strategic joint venture among six media companies, including Belo Corp. (NYSE: BLC), Gannett Co. Inc. (NYSE: GCI), Knight Ridder Inc. (NYSE: KRI), The McClatchy Co. (NYSE: MNI), Tribune Co. (NYSE: TRB) and The Washington Post Co. (NYSE: WPO), whose objectives are to collectively capitalize on the revenue growth in the online advertising categories of automotive, real estate, and rentals. To execute on its objectives, Classified Ventures has four leading businesses -,, HomeGain and Homescape.

About HomeGain
HomeGain® is the leading, online source for connecting real estate professionals with homebuyers and sellers. HomeGain's tools give consumers access to agents and brokers nationwide. Real estate agents and brokers have a choice of three advanced solutions to fit their individual needs. Acquired by Classified Ventures in 2005, HomeGain has over five million website visits per month and 300+ partnerships, including Yahoo!, Google, MSN, AOL and Agents and brokers trust HomeGain to connect, build and grow their business. For more information, please visit

About Homescape
Homescape serves a network of 150 local online newspaper websites nationwide with a full suite of online advertising solutions. Our network includes Chicago Tribune (, The Washington Post (, Arizona Republic ( and The Miami Herald ( Homescape provides a variety of real estate tools designed to meet the individual needs of local real estate agents, brokers, builders and private party advertisers, and delivers a complete set of robust, local home listings to consumers. For more information, visit