Dallas Clement is now the CFO of AutoTrader.com. He previously worked at Cox Communications for 20 years as an EVP and a chief strategy officer. Cox Enterprises owns a majority of AutoTrader.com. AutoTrader used to be best known for their print publication, but they are now focused on auto sales online. “Dallas is a seasoned and respected financial executive whose rich set of experiences and capabilities will be a significant addition to AutoTrader.com,” stated AutoTrader President and CEO Chip Perry. “With his 20-year tenure at both Cox Enterprises and Cox Communications, I am confident that Dallas will add considerable value as we continue to manage AutoTrader.com for long-term success.”

“We’re absolutely convinced at Cox that online revenue is continuing to grow,”stated John Dyer, EVP of Cox Enterprises. “If you look at Cox’s history, we’ve not necessarily been the first into a space… But we’ve prided ourselves in the course of history in being early investors.”

Cox Enterprises, the communications company that owns a large number of TV, radio, and newspaper companies is planning to acquire Adify Corporation. Adify is an advertising company that brokers ads for publishers and spreads advertisements for marketers. Cox plans on acquiring the digital advertising company for $300 million.

Adify’s clients include Martha Stewart Living Omimedia and several finance web sites created owned by Forbes Inc.

Early investors in Adify include NBC and Time Warner.  These companies will cash out and won’t have any further influence on Adify’s operations.  NBC will still be a customer.  Cox also owns Autotrader.com.