Reuters Report: Gannett a Potential Suitor for Cars.com

By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
NEW YORK –
An exclusive report from Reuters released Wednesday afternoon indicated that Gannett Co., one of the newspaper companies with a stake in the parent company of Cars.com, is interested in perhaps buying Cars.com.
Reuters — which cited “people familiar with the matter” — said in this report that Gannett is considering putting together a deal with private equity firms to purchase full ownership in Cars.com for as much as $3 billion.
Cars.com is owned by Classified Ventures, a strategic joint venture five media companies that includes Gannett, Belo, The McClatchy Co., Tribune and Graham Holdings.
When reached by Auto Remarketing, a spokesperson for Cars.com declined comment on Wednesday.