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Reading: News Limited sells True Local to Sensis
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B&T > Media > News Limited sells True Local to Sensis
Media

News Limited sells True Local to Sensis

Staff Writers
Published on: 17th January 2013 at 3:25 PM
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News Limited has offloaded online directories business True Local to Telstra’s digital arm Sensis.

The move effectively divests News of a legacy branch of the News Digital Media operation, which was rolled into other departments last year amid a company restructure.

It effectively takes the directories back under the purview of John Allan, who was CEO of the directory at News Limited for over three years.

In a statement today Sensis said the acquisition would “add value to the Yellow Pages network”.

Allan (pictured) added: “TrueLocal has built a strong reputation in connecting consumers with businesses across the country, through its high quality local business listings.

“TrueLocal also has an extensive library of ratings and reviews which enables consumers to make

more informed decisions when they search for a local business.

“Consumers’ reliance on this type of content underlines why it’s important to make it accessible –

which drives more traffic to the Yellow Pages network and generates better leads for our customers.”

News’ chief financial officer Stephen Rue said while it is a “terrific” business, it is “no longer a priority” as it looks to concentrate on core assets after recent investments in the Business Spectator and Foxtel, amongst others.

The deal must first get approval from the Australian Consumer and Competition Commission, before it can be completed.

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Staff Writers represent B&T's team of award-winning reporters. Here, you'll find articles crafted with industry experience spanning over 50 years. Our team of specialists brings together a wealth of knowledge and a commitment to delivering insightful, topical, and breaking news. With a deep understanding of advertising and media, our Staff Writers are dedicated to providing industry-leading analysis and reporting, both shaping the conversation and setting the benchmark for excellence.

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