| WESTLAKE VILLAGE, CA -- Move, Inc. announced that it has sold the assets and certain liabilities of Welcome Wagon to South Florida Media Group. Terms of the sale were not disclosed. The Company announced in August 2008 its intention to sell Welcome Wagon to better focus on its core online real estate business.
South Florida Media Group is a hyperlocal community advertising company with Internet sites, magazines and community newspapers. South Florida Media Group is based in Boca Raton, Florida.
"We are very happy to have acquired Welcome Wagon and look forward to continuing the 80-year legacy of welcoming new homeowners to their community," said Craig Swill, CEO of South Florida Media Group. Steve Goodman, President of South Florida Media Group, added, "With SFMG's successful formula in capitalizing on local market advertising and Welcome Wagon's position of national dominance, we will further strengthen and poise the company for explosive growth."
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