Posts Tagged ‘gleaner classifieds’

Jamaica Gleaner,Caribbean’s oldest newspaper profits plummets, vows to focus on increased market share online

jamaica-gleaner.com

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The Jamaica-based Gleaner Company Ltd the oldest operating newspaper in the Caribbean, held its Annual General Meeting last week and reported to shareholders and analysts what they called their worst financial results in the company’s 175 year history, posting “a dramatic loss of JMD$444.69mm for 2008, coming from a profit of JMD$98.2mm in 2007.” This information we secured from the Equity Research Company Update a report done by the stock brokerage form Stocks & Securities Ltd dated June 12, 2009 which had as its headline: The Gleaner Company Ltd (GLNR) Looks to Increase Market Share with Online Medium.

Popularity: 21% [?]

More Free Jamaican Classifieds Sites launch to dethrone Gleaner Classifieds

Maybe they’re being inspired by the success of Craigslist.org, the most successful online classifieds site online at this time. Craigslist.org, is pretty much the largest classifieds ad site in the world, the 7th most visited site in the USA, that generates more than 600 million free classified listings a year, makes between US$80-100m USD a year for charging modest fees for real estate and job listings in certain cities. Maybe it’s because there are still no dominant,household brand of a classifieds site as yet in Jamaica and entrepreneurs believe one is needed and is attempting to fill that gap. Whatever the reason there has been another recent flurry of free classified sites launched in the last 60 days.

Popularity: 11% [?]

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