Gannett Acquires Interest in CareerBuilder

Gannett has acquired a one-third interest in CareerBuilder, joining Knight- Ridder and Tribune Company as owners of the online job site. The companies also announced that more than 90 Gannett newspapers will become CareerBuilder affiliates and that CareerBuilder will power the career channel on, which is owned by Gannett.

In print, CareerBuilder will now deliver local help wanted ads to a combined Sunday circulation of 15 million through more than 130 newspapers. Online, CareerBuilder will be exposed to nearly 26 million monthly unique visitors through the Gannett, Knight Ridder and Tribune newspaper Web sites.

The McLean, Va.-based Gannett is an international news and information company that publishes 94 daily newspapers in the U.S. and also owns more than 400 non-daily publications in the U.S. In the U.K., Gannett subsidiary Newsquest plc publishes more than 300 titles, including 15 daily newspapers. Gannett also operates 22 television stations in the U.S. and has a powerful Internet presence with sites sponsored by its TV stations and newspapers.

“Gannett is a great company, and adds a lot to CareerBuilder’s momentum in the marketplace,” said John Madigan, Tribune chairman and chief executive officer. “Along with Tribune and Knight Ridder, Gannett’s ability to promote CareerBuilder through its newspapers, television stations and Internet sites gives the company a competitive edge that no other online recruitment firm can match,” said John Madigan, Tribune chairman and CEO.

Job seekers can search more than 400,000 continuously updated postings at CareerBuilder, representing more than 25,000 employers in virtually every industry, field and location.

“Recruitment is a local proposition,” said Tony Ridder, Knight Ridder chairman and CEO. “Combining newspapers’ long history in help-wanted advertising with CareerBuilder’s online solutions creates a best-of-breed print and online resource in each of our newspaper markets.”

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