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Saturday, June 03, 2006

Newspaper JV Topix.net Debuts Craigslist Rival

News aggregation site Topix.net, a joint venture between Gannett, Knight Ridder and Tribune, has started a free classified ad service that is highly contextual. This is a big move for Topix.net. It puts them squarely up against Craigslist - the giant that is eating away much of the newspaper biz' revenue base. At the same time, it curiously provides a free alternative to existing paid services these companies run independent of their Topix JV.

Topix.net searches and sifts through news from thousands of news and blog sources and categorizes them into thousands of different topical and local news pages. It's honestly one of the most useful sites on the Web. (Disclaimer: I did at one time consult to Topix, but they did not contact me on this story.)

Each news topic page includes highlighted news from Topix.net's featured partners (some of which are from outside the JV), press releases, as well as forums where anyone can write their own news story. It also aggregates content from thousands of sources. Now the news site has started a program that lets people post their own free classified ads on each of these local pages. You can see these ads on the right hand side of this page, for example.

Picture 1-36

So far, the program is limited to local pages. So you can't, for example, post an ad about a VW Beetle for sale on the relevant topic page. I can easily see that coming since the relevance is so high. You're limited to posting an ad on a certain zip code pages as well as others that are nearby.

Picture 2-15

Topix.net is soliciting ads for all of the big classified categories: housing, jobs, for sale, services, events and local shops. Once the ads are placed they appear to run indefinitely. More importantly they invite the browsers to comment on the ads or flag ones that are questionable.

Picture 3-7

The fact that Topix.net is taking free ads is a gutsy move. However, when you think about who owns the company, the ramifications are huge. In many instances Topix is wrapping a free ad service around content it doesn't own, but is aggregating. Plus as I mentioned at the top, this is a limited, but free alternative to paid sites like Careerbuilder, a site that is run by the very same JV partners. I don't expect it to crush Craigslist anytime soon, but it does convolute this market in a big way.

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Listed below are links to weblogs that reference Newspaper JV Topix.net Debuts Craigslist Rival:

» Topix.net calls out craigslist from The Future of Real Estate Marketing
Topix.net is a news aggregator site that collects information from various sources into a central page. Probably, one of its coolest features is you can browse virtually any topic in any location - so you can get incredibly specific in your criteria; h... [Read More]

» Topix.net enters free classifieds market from Content Matters
Topix.net appears to be offering free local classifieds, in the mode of Craigslist. When browsing a local city section on Topix.net, a new column of classified ads is displayed in the right column, along with a link to post your [Read More]

» Topix.net For Sale from Topix.net Weblog
On Saturday, Steve Rubell outed our Classiifed System, which we've been quietly baking on our local news pages for about a month. While we still think it's a bit premature to crow about this, given that a classified system... [Read More]

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This is interesting but if you should take a look at what the Pittsburgh Tribune Total Media Group has developed. Not only can you post a free listing but you can sell your product online just like EBay. Unlike EBay though there are no seller fees. The other great feature is the patent pending advertising real time auction system that allows sellers to bid for ad space within the depot . You must look at this as real competition to anyone in the online selling space. How do you compete with free ?? Be Free

The 3cdepot is breaking new ground in how the newspapers are competing with online marketplaces. The 3cdepot combines craigslist EBay and Google into one very cool site. Take a look I have bought and sold things on the site.It has only been up and operating for three weeks but already has thousands on items for sale.

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Thanks

The Free Ads phenomenon.

Online free ads accounted for only 1% of the overall classifieds market in 1999,
that number grew to over 6% by 2002 and is now estimated to be close to 10%.

Advantage of the Free Ads markets over Newspapers

Powerful search capabilities
More personalized
More timely and up-to-date listings
photos, video, and sound clips in online ads


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