Thursday, August 20, 2009

New Competition

Bankruptcy Plan Calls for Philadelphia Papers to be Sold to Local Investors
SPECIAL REPORT: In the Wake of Rohde Kidnapping: A 'Secret' Controversy -- When Missing Journos Are the Story
'St. Pete Times' Publisher Steps Down: 'Team' Will Replace Her
Murdoch's Compensation Down to Paltry $18 Million
'Seattle Times' Photo Helps ID Seattle Amnesiac
Two Minnesota Weeklies to Merge
Two Big Canadian Chains Reach Distribution Agreement
Rupert Murdoch's News International to Fold 'thelondonpaper'
Journalism Online Signs First Non-Profit Org
What Ever Happened to Jayson Blair?

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Operator of Salt Lake City Papers Starts Real Estate Brokerage Firm

By E&P Staff

Published: August 19, 2009 10:42 AM ET

NEW YORK The company that operates The Salt Lake Tribune and the Deseret News has formed a real estate brokerage firm dedicated to sellers.

MediaOne Real Estate will act as a full-fledged real estate firm charging a flat fee of $2,000 instead of a typical commission of 3%, reported Lesley Mitchell in the Salt Lake Tribune.

Area real estate firms are none too pleased by the move, despite the fact that if a buyer contacts MediaOne Real Estate they will be referred to another broker. "The frustrating thing is that we're now competing with a company that we're paying to advertise with," Ryan Kirkham, president of the Salt Lake Board of Realtors, told Mitchell, adding he expects some realtors to pull advertising from the papers.

To which Brent Low, CEO and president of MediaOne, the joint operating agency of the two papers, responded that not many brokers are advertising in the newspapers anyway.

MediaOne Real Estate will help sellers promote their properties and give them exposure in the daily papers.

E&P Staff (




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Friday, August 14, 2009

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