The article misses the point of specialist companies competing with subsections of CL. It's not just what's happening to CL, it's what's happening to every dominant classified site around the world.
Classified sites used to be the dominant player in all of the markets they covered, but the profitable ones (housing, dating, jobs, etc.) have been taken over by companies specializing in those sectors leaving the classified sites with mostly the dregs of the market.
Sure some people might use CL for jobs and dating, but by and large those are the people who don't want to pay. Which is why CL's annual revenue is less than what sites like Monster and Match.com make in a few months.
Classified sites used to be the dominant player in all of the markets they covered, but the profitable ones (housing, dating, jobs, etc.) have been taken over by companies specializing in those sectors leaving the classified sites with mostly the dregs of the market.
Sure some people might use CL for jobs and dating, but by and large those are the people who don't want to pay. Which is why CL's annual revenue is less than what sites like Monster and Match.com make in a few months.