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 the world."
"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 international sites.
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 2007.
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 http://www.msn.com/.
Media Contacts for Microsoft: Erika Bitzer Senior Account Executive Waggener Edstrom Worldwide (503) 443-7000
email@example.comRapid Response Team Waggener Edstrom Worldwide (503) 443-7070 firstname.lastname@example.orgAbout Gannett
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: Tara Connell VP/Corporate Communications 703/854-6049 Investor Contact: Jeff Heinz Director/Investor Relations 703/854-6917 About Tribune
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The McClatchy Company
Investor Contact: Elaine Lintecum Treasurer 916-321-1846 About CareerBuilder.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.
Media Contact for CareerBuilder.com: Jennifer Sullivan Senior Director, Corporate Communications 773-527-1164
First Call Analyst:
CONTACT: media, Erika Bitzer, Senior Account Executive, +1-503-443-7000,
Corp.; or media, Tara Connell, VP-Corporate Communications, +1-703-854-6049,
or investors, Jeff Heinz, Director-Investor Relations, +1-703-854-6917, both
of Gannett Co., Inc.; or media, Gary Weitman, VP-Corporate Communication,
SVP-Corporate Relations, +1-312-222-3787,
or investors, Elaine Lintecum, Treasurer of The McClatchy Company,
+1-916-321-1846; or media, Jennifer Sullivan, Senior Director, Corporate
Communications of CareerBuilder.com, +1-773-527-1164,
Web site: http://www.careerbuilder.com/