Cox Auto Trader to Control Automobile-related Publications, Websites and Paid Distribution Systems ATLANTA, Sept. 12 /PRNewswire/ -- Cox Enterprises, Inc. today announced the completion of the division of assets with Landmark Communications, Inc. of their 50/50 partnership in Trader Publishing Company, the nation's leading producer of specialty title classified advertising publications. Cox now assumes control of Trader Publishing's automobile-related publications, which include 341 automobile and light truck titles such as Auto Trader, Auto Mart and Truck Trader with a combined total circulation of 3.5 million per week, and their companion websites including AutoMart.com and AutoExtra.com which together garner 4.2 million unique visitors per month. Cox also assumes control of the distribution system for Trader's paid publications. As part of the transaction, Landmark has transferred to Cox its 26% interest in AutoTrader.com, increasing Cox's ownership to 87.9%. Created in 1997 and headquartered in Atlanta, AutoTrader.com is the Internet's leading auto classifieds marketplace and consumer information website, aggregating in a single location more than 3 million vehicle listings from 40,000 dealers and 250,000 private owners. With the largest selection of vehicles online, AutoTrader.com attracts more than 11 million qualified buyers each month. "We're pleased to have finalized a transaction with Landmark that benefits both of our companies," said James C. Kennedy, chairman and chief executive officer of Cox Enterprises. "The addition of the Trader publications to our existing automotive businesses will help us develop new and valuable services for our automotive customers, and encourage greater collaboration with other Cox businesses including newspapers, television, radio and cable." Cox's ownership stake in Trader Publishing will be called Auto Trader Publishing, which along with AutoTrader.com and Auto Mart will become part of a new Cox division called Cox Auto Trader, headed by Cox veteran Sanford Schwartz. "We would like to recognize everyone who worked diligently to complete the deal and to welcome 4,200 Trader employees to Cox," said Schwartz, president of Cox Auto Trader. "We look forward to growing the company on the strong foundation they have built." Cox Enterprises, Inc. (http://www.coxenterprises.com/) Cox Enterprises is one of the nation's leading media companies and providers of automotive services, with 2005 revenues of $12 billion and 78,000 employees. Major operating subsidiaries include Cox Communications, Inc. (cable television distribution, telephone, high-speed Internet access and other advanced broadband services); Cox Newspapers, Inc. (newspapers, local and national direct mail advertising and customized newsletters); Cox Television (television and television sales rep firms); Cox Radio, Inc. ([NYSE: CXR] broadcast radio stations and interactive Web sites); Manheim Auctions, Inc. (vehicle auctions, repair and certification services and web- based technology products) and Cox Auto Trader (automotive publications and a majority stake in AutoTrader.com). DATASOURCE: Cox Enterprises, Inc. CONTACT: Media, Bobby Amirshahi of Cox Enterprises, +1-678-645-4518, or ; or Louise Barr of AutoTrader.com, +1-404-568-5943, or Web site: http://www.coxenterprises.com/ http://www.automart.com/ http://www.autoextra.com/ http://www.autotrader.com/

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