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| For Immediate Release November 28, 2007 |
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LAWRENCEVILLE, GA - (November 28, 2007) - Network Communications, Inc. (NCI), the leading publisher of real estate information online and in print in North America, today announced the acquisition of Apartment Rental Source magazine, a leading monthly apartment rental publication covering the greater Boston area. The magazine will be incorporated into NCI's Apartment Finder brand extending its reach to 109 serviced markets across the United States and will now deliver a valuable addition for apartment shoppers and advertisers throughout Boston and its surrounding markets.
This latest addition marks Apartment Finder's entry into the southern New England region and continues the magazine's brisk pace of expansion in 2007. In the past five years, Apartment Finder has expanded its presence into 36 new markets through acquisitions and start-ups while continuing to be the preferred choice of critical information for apartment shoppers, as well as the top pick for the advertisers that need to find quality renters. "We are excited to enter the greater Boston market and extend the Apartment Rental Source in Southern New England," said Marcia Bollinger, Apartment Finder's senior vice president.
"This acquisition firmly establishes the Apartment Finder brand as American's fastest growing publication in the multi-family industry. For the newly acquired title, NCI will bring its strong online distribution and proprietary Web capabilities which will help the magazine grow to its full potential." "Today, to call ourselves members of the NCI network of high-quality, awardwinning magazines, is a huge accomplishment for us," said Matt Dubuque, president, Apartment Rental Source magazine.
"Through this acquisition, we'll be able to dramatically increase our territory and online presence as well as deliver to our advertisers the qualified apartment leads on which Apartment Finder has built its reputation." In addition to Apartment Finder and Apartment Blue Book publications, NCI operates ApartmentFinder.com, a leading Web site with state-of-the-art features for consumers searching for apartments around the country. -morePage 2/ NCI Acquires Apartment Rental Source magazine
About Network Communications, Inc.
Network Communications, Inc. is the leading publisher of printed and online real estate information in North America. The company was acquired by Citigroup Venture Capital Equity Partners in January of 2005. Its magazines are read by over 12 million readers in over 500 markets and deliver more than one million leads to advertisers each month. Network Communications’ assets,
The Real Estate Book, Apartment Finder / Blue Book, Mature Living Choices, Black’s Guide, New Home Finder, Enclave, Unique Homes, Kansas City Homes & Gardens, Atlanta Homes & Lifestyles, Atlanta Home Improvement, At Home In Arkansas, Relocating in Las Vegas,
Colorado Homes & Lifestyles, St. Louis Homes & Lifestyles, Seattle Homes & Lifestyles, and Mountain Living,
include publications that millions of readers around the country turn to when looking for the latest information about the real estate and home design markets.
Online magazine content can be accessed at www.livingchoices.com. More information about NCI can be found at www.nci.com.
Media Contact:
Tami Gross
TMG Public Relations
E: Tami@TMGpr.com
P: 212.750.5755