APN News & Media, the Australasian media corp of which Tony O’Reilly’s Independent News & Media (INM) owns a majority 39.1 percent, is selling its online classifieds service Finda.co.nz to New Zealand’s Yellow group, a Yellow Pages operator. The sale also involves the Finda, Wises maps, menus.co.nz, UBD and APNData services, though APN will retain the Finda name at home in Austalia and no sale price is given, BusinessDay.co.nz reports. APN’s online business made $8 million revenue in H108, up 70 percent from a low base, earnings show.
The move seems designed to satisfy INM’s decision, announced last month, to offload