Public Advertising Internet - ECommerce 2,500 - 5,000 Employees
Dominion Enterprises is a leading online marketing and software services company offering client solutions across multiple targeted business verticals. Our widely recognized B2C web and mobile portals, including ForRent.com, Homes.com, CycleTrader.com and BoatTrader.com, generate nearly 30 million unique visits monthly. Our B2B cloud SaaS solutions directly support clients in establishing their online and mobile brands, generating leads, and managing customer relationships. Dominion Enterprises has more than 40 businesses and 3,000 employees in our Norfolk, Va. home office, across the U.S., and internationally.
Career OpportunitiesDominion Enterprises Completes Company Formation
Finalizes Division of Assets between Co-Owners;
Creates $850 Million Internet and Print Media Company
Norfolk, Va., September 12, 2006 – Dominion Enterprises said today that it has completed the transaction announced in March to divide the assets of its predecessor company, Trader Publishing Company, between 50-50 co-owners Landmark Communications, Inc., Norfolk, Va., and Cox Enterprises, Atlanta, Ga.
The completion of this agreement gives Landmark 100-percent ownership of the media and information service properties in the employment, real estate, recreation, and industrial categories. Landmark’s assets now form a new company called “Dominion Enterprises.”
“We chose the name Dominion Enterprises to reflect our heritage as a Virginia-based company, as well as for its broad scope since our businesses span a wide variety of print and Internet assets,” said Chief Executive Officer Conrad M. Hall.
Dominion Enterprises’ assets include: 503 paid and free magazine titles such as For Rent®, Harmon Homes®, The Employment Guide®, Boat Trader®, Cycle Trader® and RV Trader® with a combined weekly circulation of nearly 6 million; over 40 market-leading websites such as ForRent.com®, Boats.com, and Traderonline.com™ reaching over 8 million monthly visitors; data capture and distribution businesses such as Dealer Specialties®; and web services businesses across all the company’s industry categories, including Homes.com® and Yachtworld.com®.
As part of the agreement, Dominion will also own Dominion Distribution Services (DDS), formerly Trader Distribution Services, which operates the company’s network of free distribution racks located in supermarkets, mass merchandisers and other national retail chains. DDS is the nation’s largest distributor of free publications in the United States, delivering over 225 million magazines and other free media annually.
“Dominion Enterprises has industry-leading positions in all of its businesses,” said Hall. “Going forward, we will build on these positions through organic growth and strategic acquisitions. We will seek to invest in companies that complement our existing businesses or that represent high-growth opportunities in their own right. These acquisitions may include companies outside of our current media and information services segments.”
Prior to the division of assets by Landmark and Cox, Trader Publishing Company had annual revenue of $1.3 billion. Approximately $850 million of this revenue figure will now form the annual revenue base of Dominion Enterprises.
Dominion Enterprises is expected to move into new company headquarters located in downtown Norfolk in January 2007. Nearly 1,000 of Dominion’s 6,600 employees work in the Norfolk/Hampton Roads area.
Concluded Hall, “We greet the start of Dominion Enterprises with confidence in our ability to maintain the same high standards, work ethic, and commitment to customers that has been our hallmark.”
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About Landmark Communications (www.landmarkcom.com)
Based in Norfolk, Virginia, Landmark Communications, Inc. is a privately held diversified media company which owns The Weather Channel Companies, which include The Weather Channel network, weather.com, and Weather Services International, as well as newspapers, television stations and various Internet businesses. Landmark's businesses employ more than 5,000 people.
About Dominion Enterprises
Dominion Enterprises, headquartered in Norfolk, Va., is a leading media and information services company serving employment, real estate, recreation, and industrial markets in the United States. The company has 503 paid and free magazine titles such as For Rent, Harmon Homes, The Employment Guide, Boat Trader, Cycle Trader and RV Trader with a combined weekly circulation of nearly 6 million; over 40 market-leading websites such as ForRent.com, Homes.com, and Traderonline.com reaching over 8 million monthly visitors; data capture and distribution businesses such as Dealer Specialties; and web services businesses across all the company’s industry categories. The company has 6,600 employees nationwide and estimated 2006 annual revenue of $850 million. For more information on Dominion Enterprises, visit www.dominionenterprises.com.
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Contact: Nick Ragone, Ketchum, New York
for Landmark Communications and Dominion Enterprises
CultureDominion Spirit An entrepreneurial spirit that dates back to our founding permeates Dominion Enterprises – a spirit that has helped create an atmosphere of unlimited growth and opportunity for our employees – over 6,600 strong. It is the foundation for our growth, providing a path for pursuing new businesses that complement our existing products and services and opening the door to new opportunities. And it fosters an environment that allows us to respond quickly to market demands so our customers can have the best experience with our brands.
ProductsDominion Enterprises is dedicated to developing and operating the most successful publications, web sites, and businesses to serve the real estate, apartment, specialty vehicle, and travel industries.
Harmon Homes (www.harmonhomes.com)
New Homes & Living
123 Movers.com (www.123movers.com)
Corporate Housing (www.corporatehousing.com)
Senior Outlook (www.senioroutlook.com)
Para Rentar (www.pararentar.com) Vehicles & Recreation
Boat Trader (www.boattrader.com)
Yacht Trader (www. yachttraderonline.com)
RV Trader (www.rvtraderonline.com)
National RV Trader (www.rvtraderonline.com)
Cycle Trader (www.cycletrader.com)
Aero Trader (www.aerotraderonline.com)
Big Truck Trader (www.trucktrader.com)
Equipment Trader (www.equipmenttraderonline.com)
Walnecks Classic Motorcycle (www.walnecks.com)
Bargain Trader (www.bargaintrader.com)
Prestige Collection (www.prestigecollection.com)
Data, Marketing, & Web Services
Dealer Specialties (www.dealerspecialties.com)
XI Group (www.xigroup.com)
@uto Revenue (www.autorevenue.com)
Just Automotive (www.justautomotive.com)
Target Marketing Maine (www.targetmaine.com)
Vehicle Web Services
Marine Web Services (www.marinewebservices.com)
RV America Web Services (www.rvaws.com)
Cycle Web Services (www.cyclewebservices.com)
Collector Car Web Services (www.collectorcartws.com)
Truck Web Services (www.trucktws.com)
Equipment Web Services (www.equipmenttws.com)
Aviation Web Services(www.aviationwebservices.com)
Travel Coupon Guide
Travel Saver Guide (www.travelsaverguides.com)
Traveler Discount Guide(www.travelerdiscountguide.com)
US Travel Guide (www.ustravelguide.com)
Editorial & Trade Magazines
Soundings Trade Only (www.tradeonlytoday.com)
Woodshop News (www.woodshopnews.com)
Towing & Recovery Footnotes (www.trfootnotes.com)