Searching for new sources of revenue, Los Angeles Times Media Group is getting into the real estate business. On Monday, Times Media Group and other partners will launch ZetaBid, a business that will auction foreclosed homes and other properties. The company would also run a website where the properties could be viewed. The venture is the latest effort by the struggling media company to tap additional revenue streams beyond newspaper advertising. The media group also operates revenue-sharing ventures through its Cars.com and Apartments.com classified-advertising enterprises. Bellack said ZetaBid's print and online listings would provide more information than other auction companies on properties for sale, including opening bid prices, contact information for listing agents and photos.http://www.latimes.com/business/la-fi-times23-2008aug23,0,3290447.story
http://zetabid.com/
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