/PRNewswire/ -- Microsoft Corp. (Nasdaq: MSFT), Gannett Co., Inc (NYSE:
GCI), Tribune Company (NYSE: TRB), and The McClatchy Company (NYSE: MNI)
announced that Microsoft has purchased a minority equity stake in
CareerBuilder.com, the U.S.'s largest online job site. In a separate
agreement, MSN(R) and CareerBuilder have extended their strategic alliance,
making CareerBuilder the exclusive content provider to the MSN Careers
channel in the U.S. through 2013. MSN and CareerBuilder have also broadened
their alliance to include key MSN international sites, facilitating an
accelerated expansion overseas for CareerBuilder.
CareerBuilder has experienced an unprecedented level of success in the
online recruitment space, rising from the No. 3 position in revenue in the
U.S. to No. 1 in just five years. The job site averages more than 1.5
million job postings per month.
"Our strategic business relationship with MSN played a major part in
CareerBuilder taking over as the industry leader in 2006, helping to drive
critical levels of job search traffic," said Matt Ferguson, CEO of
CareerBuilder. "Microsoft's equity stake builds on this successful
relationship and establishes a global alliance with one of the world's most
ubiquitous technology powerhouses. It enables CareerBuilder to continue to
grow faster in the U.S. than any other job site while leveraging a strong
international platform to quickly enter new markets in Europe and all over
"MSN has had a strong relationship with CareerBuilder for over three
years and helped it rise to top of the industry," said Joanne Bradford,
corporate vice president and chief media officer for MSN at Microsoft.
"Taking an equity stake in the most prominent job site in the U.S. presents
a unique opportunity to enhance our business relationship. In addition, the
agreement to share our global footprint with CareerBuilder unites our
worldwide technology and information channels and gives users access to
unmatched job search and job distribution resources."
MSN AND CAREERBUILDER - U.S. TRAFFIC
The relationship between Microsoft and CareerBuilder began in January
2004 when CareerBuilder became the exclusive job search engine for the MSN
Careers channel in the U.S. CareerBuilder's monthly traffic grew by nearly
10 million unique visitors from 2003 to 2004 with MSN contributing a
significant portion of the increased traffic. CareerBuilder continues to
grow its traffic, which now averages more than 21 million unique visitors
per month as part of the enhanced relationship.
Similar to the previous arrangement, the new agreement is also
performance-based with financial payments driven by the quality and
quantity of traffic delivered. The new agreement provides for an extension
to 2013, whereby CareerBuilder will pay MSN up to $443 million over the
course of seven years to serve as the exclusive job search engine on the
MSN Careers channel.
The business alliance between CareerBuilder and MSN is also expanding
on a global scale.
Under a new international traffic agreement, MSN has committed to
integrating CareerBuilder services across key MSN sites, primarily in
Europe. The agreement, in effect until 2013, is also performance-based and
will make CareerBuilder the exclusive job search engine on key
CareerBuilder began building a more aggressive presence in
international markets in 2006 by launching sites in the UK, Canada and
India. Last month, CareerBuilder announced it has acquired Jobbguiden in
Sweden and JobbingMall in The Netherlands.
MSN plans to launch CareerBuilder on MSN sites in most European
countries by the middle of 2008 with several rolling out by the end of
Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in
software, services and solutions that help people and businesses realize
their full potential.
About MSN and Windows Live
MSN attracts more than 465 million unique users worldwide per month.
With localized versions available globally in 42 markets and 21 languages,
MSN is a world leader in delivering compelling programmed content
experiences to consumers and online advertising opportunities to businesses
worldwide. Windows Live, a set of personal Internet services and software,
is designed to bring together in one place all the relationships,
information and interests people care about most, with enhanced safety and
security features across their PC, devices and the Web. MSN and Windows
Live will be offered alongside each other as complementary services. Some
Windows Live services entered an early beta phase on Nov. 1, 2005; these
and future beta updates can be found at http://ideas.live.com. Windows Live
is available at http://www.live.com. MSN is located on the Web at
Media Contacts for Microsoft:
Senior Account Executive
Waggener Edstrom Worldwide
Rapid Response Team
Waggener Edstrom Worldwide
Gannett Co., Inc. is a leading international news and information
company that publishes 90 daily newspapers in the USA, including USA TODAY,
the nation's largest-selling daily newspaper. The company also owns nearly
1,000 non-daily publications in the USA and USA WEEKEND, a weekly newspaper
magazine. Gannett subsidiary Newsquest is the United Kingdom's second
largest regional newspaper company. Newsquest publishes nearly 300 titles,
including 18 daily newspapers, and a network of prize-winning Web sites.
Gannett also operates 23 television stations in the United States and is an
Internet leader with sites sponsored by its TV stations and newspapers
including USATODAY.com, one of the most popular news sites on the Web.
Media Contact for Gannett:
TRIBUNE (NYSE: TRB) is one of the country's top media companies,
operating businesses in publishing, interactive and broadcasting. It
reaches more than 80 percent of U.S. households and is the only media
organization with newspapers, television stations and websites in the
nation's top three markets. In publishing, Tribune's leading daily
newspapers include the Los Angeles Times, Chicago Tribune, Newsday (Long
Island, N.Y.), The Sun (Baltimore), South Florida Sun-Sentinel, Orlando
Sentinel and Hartford Courant. The company's broadcasting group operates 23
television stations, Superstation WGN on national cable, Chicago's WGN-AM
and the Chicago Cubs baseball team. Popular news and information websites
complement Tribune's print and broadcast properties and extend the
company's nationwide audience.
Media Contact for Tribune:
312/222-3394 (office phone)
312/222-3787 (office phone)
The McClatchy Company (NYSE: MNI) is the third-largest newspaper
company in the United States, with 31 daily newspapers and approximately 50
non-dailies. McClatchy-owned newspapers include the Miami Herald, The
Sacramento Bee, the Fort Worth Star-Telegram, the Kansas City Star, the
Charlotte Observer, and The (Raleigh) News & Observer. In addition,
McClatchy has a robust network of valuable internet assets, including
leading local websites in each of its daily newspaper markets, offering
readers information, comprehensive news, advertising, e-commerce and other
services. The company also owns and operates McClatchy Interactive, an
interactive operation that provides websites with content, publishing tools
and software development; Real Cities (http://www.RealCities.com), the
largest national advertising network of local news web sites, and is part
owner of CareerBuilder, the nation's largest online classified employment
listing service. McClatchy also owns 25.6 percent of Classified Ventures, a
newspaper industry partnership that includes such online classified web
sites as cars.com and apartments.com.
CareerBuilder.com is the nation's largest online job site with more
than 21 million unique visitors and over 1.5 million jobs. Owned by Gannett
Co., Inc. (NYSE: GCI), Tribune Company (NYSE: TRB), The McClatchy Company
(NYSE: MNI), and Microsoft Corp. (Nasdaq: MSFT), the company offers a vast
online and print network to help job seekers connect with employers.
CareerBuilder.com powers the career centers for more than 1,000 partners
that reach national, local, industry and niche audiences. These include
more than 150 newspapers and leading portals such as America Online and
MSN. More than 250,000 employers take advantage of CareerBuilder.com's easy
job postings, 20 million- plus resumes, Diversity Channel and more.
Millions of job seekers visit the site every month to search for
opportunities by industry, location, company and job type, sign up for
automatic email job alerts, and get advice on job hunting and career
management. For more information about CareerBuilder.com products and
services, visit http://www.careerbuilder.com.
Media Contact for CareerBuilder.com:
Senior Director, Corporate Communications