PE firm Apax Partners, which already has a big presence in classifieds in the U.K. through its holdings in Trader Media Group and the Yell Group, has bought up top Canadian classifieds firm Trader Corp. from Canadian directory publisher Yellow Media for $745 million in cash. More.
The battle between handset makers and wireless carriers over mobile-payment data is a precursor to a larger war over who owns consumers making transactions using mobile devices. More.
The paper will begin charging “the most frequent users of its Web site” $15 for a month for access. Read here how it will work.
Profits at Telegraph Media Group jumped 11% to almost £60m in 2010 thanks to a rebound in advertising markets and continuing cost savings from putting print and digital operations together. More.