Media company joins real estate auction venture

Los Angeles Times Media Group, partners form Zetabid

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

The Los Angeles Times Media Group has joined a real estate auction venture that has a focus on selling bank-owned foreclosure properties and builder-owned properties.

Dubbed Zetabid, the partnership seeks to bring new advertising opportunities to the media company in a time of declining ad revenue while broadening the pool of potential buyers for properties sold at auction.