- Newspaper consortium Classified Ventures, which includes Gannett (NYSE:GCI), McClatchy (NYSEMKT:MNI) and Tribune (TRBAA), is looking to sell Cars.com for $3B, the WSJ reports.
- Gannett, whose holding in Classified is 27%, could be interested in increasing its stake in the auto-sales Web site.
- Any deal would come amid rising valuations for e-commerce sites and after Classified Ventures last week said it was selling apartments.com for $585M.
- The sale of Cars.com would effectively mark the end of the consortium, whose other owners are A.H. Belo (NYSE:AHC) and Graham Holdings (NYSE:GHC).