MASSIVE growth in online transaction revenues has prompted Fairfax Digital chief Jack Matthews to consider more acquisitions in the field.
Fairfax Digital is split into three divisions - media (editorial-based websites), transaction sites and classified sites such as domain.com.au.
Revenue growth from Fairfax's transaction-based websites - RSVP, Stayz, EssentialBaby and InvestSmart - was second only to that of the group's classified websites, Mr Matthews told a recent media briefing.
"We are not looking to spend hundreds of millions on acquisitions, but are looking at select acquisitions that allow us to diversify revenues or extend existing businesses," he said.
The Australian | Jane Schulze | May 19, 2008
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