CityXpress Corp., a provider of online auctions for the newspaper industry, will begin giving clients awards, called Golden Auction Awards. The awards recognize newspapers that conduct the most successful event auctions.
CityXpress will select the winning newspapers based on three key criteria: percentage of items sold, total revenue generated per auction, and lowest ad discount ratio. The four categories are based on market size, and include newspapers with circulations of 50,000 and under, 50,000 to 125,000, 125,000 to 250,000 and 250,000 or more.
