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News

• Oracle attacks Google over data collection, online ad dominance

  Oracle has used the Australian Competition and Consumer Commission’s inquiry into the impact of major digital platforms on the Australian media landscape to assail Google over its dominance of online advertising.

• Fairfax prices Trade Me IPO

  Fairfax Media (ASX:FXJ) expects gross proceeds of around $420m from the IPO of classifieds site Trade Me, which has been priced at NZ$2.70 per share

• AdEffective targets 250m display ad serves

  AdEffective (ASX:ABN) expects growth in usage of its Footar platform to help it reach its goal of having equal online search/display ad revenue by Q2

• Webfirm FY11 loss grows to $10.3m

  Webfirm (ASX:WFM) on Tuesday reported a $10.3m FY11 loss, and revealed the resignation of its four-year CEO

• Fairfax to pursue Trade Me IPO

  Fairfax Media (ASX:FXJ) plans to float up to 35% of NZ online classifieds business Trade Me in an IPO on the NZX, and potentially the ASX

• Salmat FY11 profit falls 26.8%

  Advertising and marketing company Salmat Limited (ASX:SLM) saw declines in profit and revenue in FY11, despite gains in its digital businesses

• Carsales.com lifts FY11 profit 35%

  Carsales.com (ASX:CRZ) attributed its healthy profit growth for FY11 partly to gains from its developing display advertising unit

• DPG plots share buyback on healthy outlook

  Digital marketing company Digital Performance Group (ASX:DIG) plans a share buyback, after meeting its FY11 ebitda forecasts and projecting growth in FY12

• Onthehouse affirms FY11, FY12 guidance

  Real estate website operator Onthehouse Holdings (ASX:OTH) reaffirmed its forecasts, including for $1.9m profit in FY12, based on its performance in June

• AdEffective eyes display ad market

  AdEffective (ASX:ABN) will collaborate with Rubicon for its Footar platform has it seeks to gain a foothold in the online display advertising market

• AdEffective to form JV with US-based Affinity

  Online advertising company AdEffective (ASX:ABN) will combine its Footar ad platform with Affinity's InFooter platform through a new joint venture

• IPGA gets $8.9m investment

  IPGA (ASX:IPP) has received an $8.9m investment commitment from French property portal SeLoger.com, for shares worth 9.4% of the company

• Online job ads fell 6.6% in May: ANZ

  Internet job listings fell 6.6% in May from the year before, according to ANZ (ASX:ANZ) research, with overall job ads down for two straight months for the first time since mid-2009

• IPGA buys two Indonesian websites

  IPGA Limited (ASX:IPP) has arranged to acquire Indonesia's first and third largest property portal websites for up to $1.5m in cash and 7m shares

• SEEK unit completes Asian acquisition

  SEEK Asia, a JV majority-owned by online job ad company SEEK Limited (ASX:SEK), has completed the $205m acquisition of a 60% stake in Jobs DB