For the Record: Southam buys into JCI

Southam, which owns 17 daily and 33 weekly newspapers, has invested $4.5 million to take an equity position in JCI Technologies of Victoria.Torstar put $4 million into jci early last year. Together the two newspaper groups hold 51% of jci, which...

Southam, which owns 17 daily and 33 weekly newspapers, has invested $4.5 million to take an equity position in JCI Technologies of Victoria.

Torstar put $4 million into jci early last year. Together the two newspaper groups hold 51% of jci, which operates online consumer information services JobMatch, RealtyMatch and AutoMatch.

Southam and Torstar want to use their partnerships with jci to provide added value to their classified advertising customers by offering online distribution.