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	<title>AIMGroup.com &#187; Recruitment</title>
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	<link>http://aimgroup.com</link>
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		<title>Peter Newton joins Gatehouse in new post</title>
		<link>http://aimgroup.com/blog/2012/05/23/peter-newton-joins-gatehouse-in-new-post/</link>
		<comments>http://aimgroup.com/blog/2012/05/23/peter-newton-joins-gatehouse-in-new-post/#comments</comments>
		<pubDate>Wed, 23 May 2012 19:28:36 +0000</pubDate>
		<dc:creator>Peter M. Zollman</dc:creator>
				<category><![CDATA[Insiders]]></category>
		<category><![CDATA[Recruitment]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=17392</guid>
		<description><![CDATA[      
      Peter Newton, who’s had a long and varied career involving newspapers, dot-coms and independent businesses, has joined GateHouse Media as president of GateHouse Ventures, a new position. The company also shifted Jay Fogarty to VP of strategy and innovation from VP of new revenue platforms. “We are very excited to announce … Peter’s appointment [which] comes [...]]]></description>
			<content:encoded><![CDATA[      
      <p>Peter Newton, who’s had a long and varied career involving newspapers, dot-coms and independent businesses, has joined GateHouse Media as president of GateHouse Ventures, a new position.</p>
<p>The company also shifted Jay Fogarty to VP of strategy and innovation from VP of new revenue platforms.</p>
<p>“We are very excited to announce … Peter’s appointment [which] comes as we are moving from a successful diligence phase in some of our new ventures to an execution phase, a period in which we begin to scale our new businesses,&#8221; said Kirk Davis, GateHouse COO.</p>
<p>Newton spent 17 years at The Boston Globe, including finance and advertising positions. He was president of BostonWorks, the Globe’s print-and-online recruitment program before the paper became a Monster.com affiliate. Newton later joined Monster.com, serving as SVP and GM of small and mid-sized businesses and heading Monster Media Alliance, which grew to more than 350 affiliates. He also worked as VP for bizdev at Helium.com, a content farm, and ran his own consultancy, Big Rock Consulting Group, for about two years.</p>
<p>The<a href="http://www.gatehousemedia.com/Recognition/x639951302/Peter-Newton-named-President-of-GateHouse-Ventures"> announcement is here</a>.</p>
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		<title>Monster.com socializes job search at last</title>
		<link>http://aimgroup.com/blog/2012/05/21/monster-com-socializes-job-search-at-last/</link>
		<comments>http://aimgroup.com/blog/2012/05/21/monster-com-socializes-job-search-at-last/#comments</comments>
		<pubDate>Mon, 21 May 2012 14:40:03 +0000</pubDate>
		<dc:creator>Sharon Hill</dc:creator>
				<category><![CDATA[Recruitment]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[beknown]]></category>
		<category><![CDATA[branchout]]></category>
		<category><![CDATA[monster]]></category>
		<category><![CDATA[social recruitment]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=17347</guid>
		<description><![CDATA[      
      By Sharon Hill Monster Worldwide, one of the last major job sites to come to the social recruitment table,  has finally announced the ability for job candidates to see which of their socially-networked friends have connections to the hiring firm, right from the Monster.com site. Candidates won&#8217;t be searching Facebook or LinkedIn -  they&#8217;ll be searching BeKnown, the [...]]]></description>
			<content:encoded><![CDATA[      
      <p><strong>By Sharon Hill</strong></p>
<p>Monster Worldwide, one of the last major job sites to come to the social recruitment table,  has <em>finally</em> announced the ability for job candidates to see which of their socially-networked friends have connections to the hiring firm, right from the Monster.com site. Candidates won&#8217;t be searching Facebook or LinkedIn -  they&#8217;ll be searching BeKnown, the Monster-Worldwide-owned Facebook app. If a candidate tries the search and is not set up on BeKnown, she or he will be prompted to create that free BeKnown profile and account.</p>
<p>There&#8217;s nothing really innovative here. However, the fact that it&#8217;s Monster means that 100 million monthly visitors &#8211;  most of whom have not set up a BeKnown profile &#8211;  will be encouraged to do so.  That&#8217;s good for BeKnown, which in the<strong><a href="http://aimgroup.com/blog/tag/beknown/"> social recruitment battle </a></strong>is way behind both fellow-Facebook-app BranchOut, and LinkedIn. For more on what each of these big three social recruitment sites offer, what Monster told us about the socialization and why it waited so long,  and where each firm is headed, see our upcoming CIR.</p>
<p>&nbsp;</p>
<p><em>Here&#8217;s the Monster Worldwide announcement: <span id="more-17347"></span></em></p>
<p>&nbsp;</p>
<h3>Monster Brings Networking into Core Site with the Integration of BeKnown(TM), its Professional Networking App on Facebook</h3>
<p>&nbsp;</p>
<div>
<div>
<p style="text-align: center"><strong>Job seekers across 34 countries now have access to millions of jobs, unparalleled search technology and professional networking, all within Monster</strong></p>
<p>MOUNTAIN VIEW, Calif.&amp; CAMBRIDGE, Mass.&#8211;(BUSINESS WIRE)&#8211;May. 21, 2012&#8211; Monster®(NYSE: MWW), the worldwide leader in connecting people to job opportunities and the flagship brand of <a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http://www.about-monster.com/&amp;esheet=50284094&amp;lan=en-US&amp;anchor=Monster+Worldwide%2C+Inc.&amp;index=1&amp;md5=4c02f691b3c0f505942eb7354e71b83f">Monster Worldwide, Inc.</a> , today announced the integration of <a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http://beknown.monster.com&amp;esheet=50284094&amp;lan=en-US&amp;anchor=BeKnown&amp;index=2&amp;md5=f2bfe75fa9d1bdbfadb91a183b8ab443">BeKnown</a><sup>TM</sup>, its Facebook app for professional networking, into the Monster site experience across 34 countries in North America, South America, Australia and throughout Europe. Job seekers can use Monster&#8217;s unrivaled semantic search technology to find the right jobs and now instantly see how they&#8217;re already connected to those opportunities through their Facebook and BeKnown contacts. The site integration also greatly expands employers&#8217; social recruiting reach by getting their jobs in front of a growing professional network among Facebook&#8217;s 901 million members.</p>
<p>&#8220;Each month, more than 100 million people visit Monster to access millions of jobs worldwide, using our world class semantic search technology,&#8221; said Sal Iannuzzi, Chairman, President and Chief Executive Officer for Monster Worldwide. &#8220;We&#8217;ve now combined the power of Monster&#8217;s search technology with BeKnown, our professional networking app on Facebook, as another great way of connecting employers and seekers that doesn&#8217;t exist elsewhere.&#8221;</p>
<p>This latest milestone continues Monster&#8217;s strategy to use any means or method to connect job seekers with employers across a wide variety of platforms including the web, mobile and social using the world&#8217;s most advanced technology to match the right person to the right job.</p>
<p><strong>BeKnown networking built into Monster allows members to:</strong></p>
<ul>
<li>See inside connections at jobs from over 300,000 companies</li>
<li>Search for jobs &#8211; be matched to the right jobs &#8211; and immediately see how they&#8217;re connected to people at the companies they want to work for most</li>
<li>View/Apply for jobs and contact connections to help get a foot in the door</li>
<li>Create a professional networking profile available in both Monster and the BeKnown app onFacebook</li>
<li>Take control over profile visibility and network connection invites onFacebook</li>
<li>Network and keep personal and professional lives separate with privacy features users have come to expect from Monster</li>
</ul>
<p><strong>BeKnown networking built into Monster allows Employers to:</strong></p>
<ul>
<li>Automatically expand social recruiting reach and engage top talent through referrals</li>
<li>Invite recruiters and employees to join BeKnown to increase referral opportunities</li>
<li>Access public profiles linked between Monster and BeKnown, for up-to-date candidate information</li>
<li>Engage the emerging workforce wherever they spend time online, onFacebookor Monster</li>
<li>Turn Facebook fans into potential hires with free Jobs App for Facebook timeline powered by BeKnown</li>
<li>Showcase their recruitment brand with a BeKnown company profile allowing job seekers to learn more about their company and engage as they search for jobs on Monster</li>
</ul>
<p>&#8220;When we launched BeKnown inJune 2011, our objective was to leverage Monster&#8217;s industry expertise and use the world&#8217;s largest social site as a platform for enabling a professional networking platform,&#8221; saidMatthew Mund, Vice President Product Management for Monster. &#8220;Over the past 10 months, we&#8217;ve continued to expand BeKnown&#8217;s features and functionalities for both users and companies. Combined with the power of Monster, BeKnown is well poised for growth.&#8221;</p>
<p>BeKnown is also accessible for free via mobile apps on <a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https://market.android.com/details?id=com.beknown.android&amp;esheet=50284094&amp;lan=en-US&amp;anchor=Android&amp;index=3&amp;md5=fddce4595370f2ae5d71da14c16759b1">Android</a>, iPad and <a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http://itunes.apple.com/us/app/beknown/id459774317&amp;esheet=50284094&amp;lan=en-US&amp;anchor=iPhone&amp;index=4&amp;md5=15ed0cbd579da8f1cf5ab96937a3714a">iPhone</a> devices. For more information on BeKnown, visit <a href="http://beknown.monster.com">http://beknown.monster.com</a>, follow BeKnown on <a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http://www.twitter.com/beknown&amp;esheet=50284094&amp;lan=en-US&amp;anchor=Twitter&amp;index=6&amp;md5=5274eaf052f27994be731c2eff489900">Twitter</a> and <a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http://apps.facebook.com/beknown/&amp;esheet=50284094&amp;lan=en-US&amp;anchor=Facebook&amp;index=7&amp;md5=6647417cedcf2bf5de6bbf2466fdf216">Facebook</a> and visit the BeKnown <a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http://www.beknownblog.com/&amp;esheet=50284094&amp;lan=en-US&amp;anchor=blog&amp;index=8&amp;md5=fe568965c50c3ab7f388bad0e8e59ff4">blog</a> for regular updates.</p>
<p><strong>About Monster Worldwide</strong></p>
<p>Monster Worldwide, Inc.(NYSE: MWW), parent company of Monster®, is the worldwide leader in successfully connecting people to job opportunities. From the web, to mobile, to social, Monster helps companies find people with customized solutions using the world&#8217;s most advanced technology to match the right person to the right job. With a local presence in approximately 55 countries, Monster connects employers with quality job seekers at all levels, provides personalized career advice to consumers globally and delivers vast, highly targeted audiences to advertisers. To learn more about Monster&#8217;s industry-leading products and services, visit <a href="http://www.monster.com">http://www.monster.com</a>. More company information is available at <a href="http://about-monster.com">http://about-monster.com</a>.</p>
<p>Facebook® is a registered trademark of Facebook, Inc.</p>
<p>Source: Monster</p>
</div>
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		<title> New marketing head at Tamedia Online Classifieds</title>
		<link>http://aimgroup.com/blog/2012/05/18/new-marketing-head-at-tamedia-online-classifieds/</link>
		<comments>http://aimgroup.com/blog/2012/05/18/new-marketing-head-at-tamedia-online-classifieds/#comments</comments>
		<pubDate>Fri, 18 May 2012 12:41:09 +0000</pubDate>
		<dc:creator>Cristina Costa</dc:creator>
				<category><![CDATA[CIR]]></category>
		<category><![CDATA[personals]]></category>
		<category><![CDATA[Recruitment]]></category>
		<category><![CDATA[Jobup AG]]></category>
		<category><![CDATA[switzerland]]></category>
		<category><![CDATA[tamedia]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=17325</guid>
		<description><![CDATA[There is no excerpt because this is a protected post.]]></description>
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      <p>This post is for AIMGroup / Classified Intelligence clients. Clients can enter the password below. Not a client yet? See our Become a Client page.</p><form action="http://aimgroup.com/wp-pass.php" method="post">
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		<title> New Austrian job platform leans on Germany&#8217;s Jobware</title>
		<link>http://aimgroup.com/blog/2012/05/16/new-job-platform-in-austria-pits-on-german-partner-jobware/</link>
		<comments>http://aimgroup.com/blog/2012/05/16/new-job-platform-in-austria-pits-on-german-partner-jobware/#comments</comments>
		<pubDate>Wed, 16 May 2012 15:03:53 +0000</pubDate>
		<dc:creator>Cristina Costa</dc:creator>
				<category><![CDATA[Recruitment]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[austria]]></category>
		<category><![CDATA[Beste-stellen.at]]></category>
		<category><![CDATA[job boards]]></category>
		<category><![CDATA[jobware.de]]></category>
		<category><![CDATA[Oberösterreichische Zeitung]]></category>
		<category><![CDATA[Salzburger Nachrichten]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=17285</guid>
		<description><![CDATA[There is no excerpt because this is a protected post.]]></description>
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      <p>This post is for AIMGroup / Classified Intelligence clients. Clients can enter the password below. Not a client yet? See our Become a Client page.</p><form action="http://aimgroup.com/wp-pass.php" method="post">
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		<title>Who&#8217;s gonna buy Monster Worldwide? Cheesman says &#8230; no one!</title>
		<link>http://aimgroup.com/blog/2012/05/15/whos-gonna-buy-monster-worldwide-cheesman-says-no-one/</link>
		<comments>http://aimgroup.com/blog/2012/05/15/whos-gonna-buy-monster-worldwide-cheesman-says-no-one/#comments</comments>
		<pubDate>Wed, 16 May 2012 02:35:43 +0000</pubDate>
		<dc:creator>Peter M. Zollman</dc:creator>
				<category><![CDATA[Recruitment]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[joel cheesman]]></category>
		<category><![CDATA[linkedin]]></category>
		<category><![CDATA[monster worldwide]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=17275</guid>
		<description><![CDATA[      
      Joel Cheesman, formerly known as Cheezhead, is one of our favorite observers of the recruitment scene (along with John Zappe of ERE and formerly CIR). He’s just restarted a regular blog; you can sign up at bit.ly/notsfw. Here’s the latest installment, about the potential sale of Monster Worldwide including Monster.com. We may disagree &#8212; actually, [...]]]></description>
			<content:encoded><![CDATA[      
      <p><em>Joel Cheesman, formerly known as Cheezhead, is one of our favorite observers of the recruitment scene (along with John Zappe of ERE and formerly CIR). He’s just restarted a regular blog; you can sign up at </em><a href="http://bit.ly/notsfw" target="_blank">bit.ly/notsfw</a>. <em>Here’s the latest installment, about the potential sale of Monster Worldwide including Monster.com. We may disagree &#8212; actually, we do &#8212; but this is an interesting viewpoint.</em></p>
<p>Wall Street was buzzing last week on rumors that LinkedIn (LNKD) was in talks to acquire Monster (MWW). <a href="http://www.reuters.com/article/2012/05/11/us-monster-buyers-idUSBRE84A0ZJ20120511">According to a Reuters story</a>, LinkedIn Corp and private equity firm Silver Lake Partners are among a number of parties that have expressed interest in a potential deal for Monster Worldwide Inc., according to people familiar with the matter, as the Internet jobs-search company is preparing data for potential buyers.</p>
<p>The stock shot up on the hype. However, Business Insider and a few others quickly squashed the report as bunk, accusing Monster of desperately trying to stir-up interest.</p>
<p>The thought of a high-growth business like LinkedIn strapping on an albatross like Monster is a bit ridiculous if you think about it for a second. So who, one like me must ask, would buy Monster?</p>
<p>As far as I can tell, the answer is: No one.</p>
<p>Yeah, nobody. John Doe. The invisible man.</p>
<p>Look: Facebook&#8217;s IPO is coming up, and analysts are crying about &#8220;decelerated growth&#8221; and staying the company doesn&#8217;t deserve its current valuation. So, knowing growth is what drives the markets, then you have to ask where Monster&#8217;s growth catalyst is? 6Sense? SeeMore? BeKnown? Be serious.</p>
<p>Aside from a massive hiring Renaissance, I don&#8217;t see any significant growth on the horizon. And certainly nothing to get a buyer all hot-and-bothered.</p>
<p>That said, if a buyer does come out of the woodwork, it&#8217;s likely to have Asian roots, hoping to get a foothold in the U.S. and other markets Monster serves. 51Job perhaps? With a market cap greater than Monster&#8217;s, it&#8217;s possible. Seek.com.au out of Australia perhaps? Nah. Someone out of Europe? It&#8217;s kind of a mess there at the moment, in case you didn&#8217;t get the memo.</p>
<p>Time will obviously tell. This year&#8217;s presidential election will be interesting for business. But methinks there will be no savior riding into to town on a white Trumpasaurus.</p>
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		<title>Job boards still No. 1 for hiring in U.K.</title>
		<link>http://aimgroup.com/blog/2012/05/13/job-boards-still-number-one-for-hiring-in-u-k/</link>
		<comments>http://aimgroup.com/blog/2012/05/13/job-boards-still-number-one-for-hiring-in-u-k/#comments</comments>
		<pubDate>Sun, 13 May 2012 14:30:12 +0000</pubDate>
		<dc:creator>steve shipside</dc:creator>
				<category><![CDATA[Recruitment]]></category>
		<category><![CDATA[Evenbase]]></category>
		<category><![CDATA[u.k.]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=17188</guid>
		<description><![CDATA[      
      Evenbase&#8216;s latest quarterly review of the U.K. recruiter market shows that job boards remain the means of choice for companies looking to hire, with a 6 percent drop in the use of agencies to find staff, a result which Evenbase attributes to HR departments aiming to minimise recruitment spend. The review also reveals a 27 [...]]]></description>
			<content:encoded><![CDATA[      
      <p><a title="Jobsite Group becomes Evenbase" href="http://aimgroup.com/blog/2012/02/03/jobsite-group-becomes-evenbase/">Evenbase</a>&#8216;s latest quarterly review of the U.K. recruiter market shows that job boards remain the means of choice for companies looking to hire, with a 6 percent drop in the use of agencies to find staff, a result which Evenbase attributes to HR departments aiming to minimise recruitment spend.</p>
<p>The review also reveals a 27 percent fall in the number of vacancies being advertised.  That has  resulted in job hunters becoming increasingly proactive with 63 percent of candidates registering on between two and five different job boards (up 13 percent on the last quarter).</p>
<p>Candidates also seem to demand more of their job boards in tight times with 45 percent of candidates polled say they require more from job boards in terms of company information and industry trends.</p>
<p>Mike Wall, MD of Evenbase’s Job Boards division, comments; “There are some encouraging signs that people are still prepared to consider moving jobs, despite a fall in the number of overall vacancies. In particular, many job seekers are looking for ways to stay competitive in a difficult market, and they seem to have some specific companies in mind for their next move. Both are indications that there may yet be increased activity in 2012.”</p>
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		<title>CareerBuilder exec joins corporate boards</title>
		<link>http://aimgroup.com/blog/2012/05/10/careerbuilder-exec-joins-corporate-boards/</link>
		<comments>http://aimgroup.com/blog/2012/05/10/careerbuilder-exec-joins-corporate-boards/#comments</comments>
		<pubDate>Thu, 10 May 2012 21:17:18 +0000</pubDate>
		<dc:creator>Peter M. Zollman</dc:creator>
				<category><![CDATA[personals]]></category>
		<category><![CDATA[Recruitment]]></category>
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=17145</guid>
		<description><![CDATA[      
      Brent Rasmussen of CareerBuilder is going to be one busy guy. In addition to his responsibilities as president for North America at the recruitment site, he’s joined two corporate boards in the past month. Rasmussen is now on the board of Central Desktop, a collaboration and file-sharing site, and Balihoo, “the premier provider of local [...]]]></description>
			<content:encoded><![CDATA[      
      <p>Brent Rasmussen of CareerBuilder is going to be one busy guy. In addition to his responsibilities as president for North America at the recruitment site, he’s joined two corporate boards in the past month.</p>
<p>Rasmussen is now on the board of Central Desktop, a collaboration and file-sharing site, and Balihoo, “the premier provider of local marketing automation technology and services.”</p>
<p>“Central Desktop has made amazing strides in collaboration. The company’s SocialBridge online collaboration platform squarely addresses the challenges that creative agencies and marketing teams face daily in their operations by providing solutions to project collaboration needs that have not been effectively met by other offerings in the marketplace,” he said.</p>
<p>As for Balihoo, he said it’s “changing the way companies go to market and connect with consumers. … It’s exciting to serve on the board of a fast-growing company that is redefining local marketing for national brands.”</p>
<p>Both companies are privately held. Balihoo has received more than $17.5 in venture, angel and seed funding.</p>
<p>Rasmussen has been with CareerBuilder for more than 10 years, and has served as SVP of sales and COO before becoming president for North America. He’s considered an expert on employment who speaks regularly at conferences and appears frequently on television business programs. He’s also president of CB Cares, an internal group at CareerBuilder that supports educational mentoring and charitable fundraising.</p>
<p>Before joining CareerBuilder, he spent nine years at Xerox Corp. He’s got an MBA from Kellogg School of Management at Northwestern University.</p>
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		<title>The top mobile job apps</title>
		<link>http://aimgroup.com/blog/2012/05/09/top-iphone-apps-for-jobs/</link>
		<comments>http://aimgroup.com/blog/2012/05/09/top-iphone-apps-for-jobs/#comments</comments>
		<pubDate>Wed, 09 May 2012 18:04:41 +0000</pubDate>
		<dc:creator>brian blum</dc:creator>
				<category><![CDATA[Recruitment]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=17123</guid>
		<description><![CDATA[      
      The JobMob website has a list of more than 100 mobile apps that can help with a job search or an employer posting a position. Here’s a summary of some of the best (for the full 100, visit the JobMob website). These are specific for the iPhone (although there may be Android versions too; we [...]]]></description>
			<content:encoded><![CDATA[      
      <p>The JobMob website has a list of more than 100 mobile apps that can help with a job search or an employer posting a position. Here’s a summary of some of the best (for the full 100, visit the <a href="http://jobmob.co.il/blog/iphone-job-search-apps/">JobMob website</a>). These are specific for the iPhone (although there may be Android versions too; we didn’t check). We’re just going to include names, links and a one-line summary here – otherwise this might be our longest blog post ever!</p>
<p>&nbsp;</p>
<p><strong>Job openings</strong></p>
<p><a href="http://itunes.apple.com/WebObjects/MZStore.woa/wa/viewSoftware?id=297264903&amp;mt=8">Job Compass</a> – find jobs near you, set a 5-100 mile radius.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.431809831&amp;type=2&amp;subid=0">Jobs Near Me</a> – uses GPS to find jobs within 30 miles of your location.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.333188676&amp;type=2&amp;subid=0">Snagajob</a> – see a map of nearby hourly jobs. Zoom in to see details.</p>
<p><a href="http://itunes.apple.com/us/app/real-time-jobs/id333211258?mt=8">Real-Time Jobs</a> – like the name says, search for jobs in real time.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.316373783&amp;type=2&amp;subid=0">Job Frenzy</a> (paid) – find jobs on your iPhone and mail them to yourself.</p>
<p><a href="http://www.appolicious.com/finance/apps/8427-now-hiring-the-latest-jobs-macenvy-com">Now Hiring</a> (paid) – search from major job sites, filter, email jobs.</p>
<p><a href="http://itunes.apple.com/WebObjects/MZStore.woa/wa/viewSoftware?id=303665984&amp;mt=8">Job Finder</a> (paid) – aggregates jobs from major sites by category.</p>
<p><a href="http://www.appleapp.com/ijobs.html">iJobs</a> – find jobs on your iPhone.</p>
<p><a href="http://itunes.apple.com/us/app/search-jobs-find-career-beyond.com/id320128602?mt=8">Beyond.com Search</a> – mobile app of Beyond.com.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.284803622&amp;type=2&amp;subid=0">Jobs by Career Builder</a> – CareerBuilder.com’s mobile job app.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.388924653&amp;type=2&amp;subid=0">Monster.com Jobs</a> – Monster.com’s mobile job app.</p>
<p><a href="http://itunes.apple.com/us/app/simply-hired/id460493715?mt=8">Simply Hired</a> – SimplyHired.com’s mobile job app.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.309002921&amp;type=2&amp;subid=0">Techcareers.com: Search Jobs &amp; Find A Career in IT and Engineering</a></p>
<p><a href="http://itunes.apple.com/us/app/jobaware-smarter-job-search/id453682011?mt=8&amp;ign-mpt=uo%3D4">JobAware: Job search just got smarter</a> – same idea but very pretty.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.349895127&amp;type=2&amp;subid=0">Legal Jobs Centre</a> – search for law jobs.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.418865235&amp;type=2&amp;subid=0">BeyondExecutives.com – Search Executive Jobs</a> (paid) – exec level jobs.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.335934372&amp;type=2&amp;subid=0">Phillyjobs.com: Search Jobs &amp; Find a Career In Philadelphia</a></p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.355842384&amp;type=2&amp;subid=0">BeyondSanDiego.com: Search Jobs &amp; Find a Career in San Diego, CA</a></p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.397758482&amp;type=2&amp;subid=0">JobServe Connect Local – California Jobs</a></p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.397686757&amp;type=2&amp;subid=0">JobServe Connect Local – Georgia Jobs</a></p>
<p><a href="http://itunes.apple.com/us/app/retail-moves-job-search/id477714148?mt=8">Retail Moves Job Search</a> – search is for the U.K.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.355843366&amp;type=2&amp;subid=0">HealthcareJobsite.com: Search Jobs &amp; Find a Career in Healthcare</a></p>
<p><a href="http://www.appstorehq.com/craigster-iphone-11252/app">Craigster</a> (paid) – search Craigslist.</p>
<p><a href="http://itunes.apple.com/us/app/get-apps-done/id334782827?mt=8">Get Apps Done</a> – a job search app for app developers.</p>
<p>&nbsp;</p>
<p><strong>Job search tools</strong></p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.454718025&amp;type=2&amp;subid=0">Career Search</a> (paid) – research information on 1,000 careers.</p>
<p><a href="http://www.iphoneappsplus.com/productivity/igetajob/index.htm">IGetAJob</a> – organizes information during a job search.</p>
<p><a href="http://goodjob.codebeyond.com/">Good Job</a> (paid) – set tasks, interviews and follow-ups.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.333229400&amp;type=2&amp;subid=0">Job Search Manager: Get A New Job With Prospector</a> (paid)</p>
<p><a href="http://itunes.apple.com/app/my-jobs-job-search-organizer/id359783172?ign-mpt=uo%3D6&amp;mt=8">My Jobs: Job Search Organizer</a> (free and paid versions)</p>
<p><a href="http://itunes.apple.com/us/app/resume-app/id313779951?mt=8">Resume App</a> (paid) – streamlines the process of building a resume.</p>
<p><a href="http://itunes.apple.com/us/app/pocket-resume/id365420856?mt=8">Pocket Resume</a> (paid) – another resume creator.</p>
<p>&nbsp;</p>
<p><strong>Job search advice</strong></p>
<p><a href="http://itunes.apple.com/app/job-search-tips-to-find-best/id334122517?ign-mpt=uo%3D5">Job Search: Tips to Find the Best Career for You</a> – videos, career advice.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.308069187&amp;type=2&amp;subid=0">Interview Pro</a> (paid) – how to interview more effectively.</p>
<p><a href="http://jobradio.fm/apps/">JobRadio.FM</a> – app to stream this career advice Internet radio station.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.342857946&amp;type=2&amp;subid=0">Great Career</a> (paid) – helps define what career you want.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.298830351&amp;type=2&amp;subid=0">vTie Necktie Guide</a> – ever wondered how to tie a necktie.</p>
<p>&nbsp;</p>
<p><strong>Job interviewing</strong></p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.396941600&amp;type=2&amp;subid=0">What Color Is Your Parachute? Job-Interview Tool</a> – classic is now an app.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.353432628&amp;type=2&amp;subid=0">Interview Guru</a> (paid) – improve interviewing skills.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.325346702&amp;type=2&amp;subid=0">InterviewBuddy</a> – focuses on tech interviews.</p>
<p>&nbsp;</p>
<p><strong>Social media</strong></p>
<p><a href="http://itunes.apple.com/us/app/beknown/id459774317?mt=8">BeKnown</a> – Monster.com’s social media Facebook app.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.332622105&amp;type=2&amp;subid=0">CareerBliss</a> – a career community.</p>
<p>&nbsp;</p>
<p><strong>Internships</strong></p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.367218185&amp;type=2&amp;subid=0">Internship Seeker</a> – does what the name suggests.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.379297633&amp;type=2&amp;subid=0">CareerRookie</a> – also includes entry level and part time jobs for recent grads.</p>
<p>&nbsp;</p>
<p><strong>Freelancers</strong></p>
<p><a href="http://itunes.apple.com/us/app/ifreelancer/id323243733?mt=8">iFreelancer</a> – includes push notification.</p>
<p>&nbsp;</p>
<p><strong>For employers</strong></p>
<p><a href="http://itunes.apple.com/us/app/careerbuilder-for-employers/id440693834?mt=8">CareerBuilder for Employers</a> – CareerBuilder.com&#8217;s app for employers.</p>
<p><a href="http://itunes.apple.com/us/app/foremployers/id462903676?mt=8">Snagajob – ForEmployers</a> – so does Snagajob.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.337163880&amp;type=2&amp;subid=0">BusyBee</a> – lets employers post freelance jobs.</p>
<p><a href="http://click.linksynergy.com/fs-bin/click?id=FCHPL/Stbbo&amp;offerid=146261.421682130&amp;type=2&amp;subid=0">JobSpeek</a> – lets you create a 60-second audio hiring message + picture.</p>
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		<title>Xing in textbook switch of CEOs</title>
		<link>http://aimgroup.com/blog/2012/05/08/xing-in-textbook-switch-of-ceos/</link>
		<comments>http://aimgroup.com/blog/2012/05/08/xing-in-textbook-switch-of-ceos/#comments</comments>
		<pubDate>Tue, 08 May 2012 11:52:16 +0000</pubDate>
		<dc:creator>Christoffel Volschenk</dc:creator>
				<category><![CDATA[personals]]></category>
		<category><![CDATA[Recruitment]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[xing]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=17100</guid>
		<description><![CDATA[      
      By Christo Volschenk When the 4-year contract of Xing CEO Stefan Groß-Selbeck (44) runs out in January 2013, he will not be available for a second 4-year term. The listed company announced today that Groß-Selbeck elected not to renew his contract and will leave the company in January 2013 &#8220;to accept new challenges&#8221;. Xing is the [...]]]></description>
			<content:encoded><![CDATA[      
      <p><strong>By Christo Volschenk</strong><br />
When the 4-year contract of Xing CEO Stefan Groß-Selbeck (44) runs out in January 2013, he will not be available for a second 4-year term. The listed company announced today that Groß-Selbeck elected not to renew his contract and will leave the company in January 2013 &#8220;to accept new challenges&#8221;. Xing is the leading business network and biggest social recruitment medium in the German-speaking region. <span id="more-17100"></span></p>
<p>The switch at the top was orchestrated in perfect textbook fashion &#8211; from the early announcement, careful avoidance of uncertainty and rumor-mongering, and clear communication, to the simultaneous announcement of the successor.</p>
<p>Groß-Selbeck will be succeeded by Thomas Vollmoeler (52), who is at this stage still acting-CEO of Swiss-based trade and logistics firm Valora Holding. Vollmoeler will start at Xing on Aug. 15 as board director and will take up his duties as CEO on Jan. 15, 2013, Xing announced (read <a href="http://corporate.xing.com/english/press/press-releases/details/article/press-releasebrthomas-vollmoeller-named-new-ch/572/e1f0afb6d8c08280e121a57c3053989e/" target="_blank">full media statemen</a>t in English here).</p>
<p>When Groß-Selbeck switched from EBay to Xing in January 2009, we were skeptical about his management abilities, but we were wrong. Under his leadership Xing successfully launched new products in the areas of e-recruiting, advertising and events, grew the membership and tripled revenue. He oversaw the acquisition of event manager Amiando and the growth of the staff size from 160 to 450. In many ways the Xing of today is a vastly different animal from the one in January 2009.</p>
<div id="attachment_17101" class="wp-caption alignleft" style="width: 160px"><a href="http://aimgroup.com/files/2012/05/selbeck.jpg"><img class="size-thumbnail wp-image-17101" src="http://aimgroup.com/files/2012/05/selbeck-150x150.jpg" alt="" width="150" height="150" /></a><p class="wp-caption-text">Dr. Stefan Groß-Selbeck</p></div>
<p>In March 2009 we asked (<a href="http://aimgroup.com/blog/2009/05/19/does-xing-have-what-it-takes-to-expand-internationally/">here</a>) whether Xing has what it takes to become more than a German-only network. Four years later it seems not. The only criticism one could, perhaps, level at Groß-Selbeck, is that Xing painted itself in a corner under his leadership. A &#8220;German-only corner&#8221;, where the prospects for future growth are limited. More about that <a href="http://aimgroup.com/blog/2012/03/05/in-record-year-xing-shows-its-weaknesses/">here</a>.</p>
<p>But, that&#8217;s Vollmoeler&#8217;s challenge now.</p>
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		<title>Targeting women? Head to Pinterest</title>
		<link>http://aimgroup.com/blog/2012/05/04/targeting-women-head-to-pinterest/</link>
		<comments>http://aimgroup.com/blog/2012/05/04/targeting-women-head-to-pinterest/#comments</comments>
		<pubDate>Fri, 04 May 2012 12:54:05 +0000</pubDate>
		<dc:creator>Sharon Hill</dc:creator>
				<category><![CDATA[Building Audience]]></category>
		<category><![CDATA[Recruitment]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[mashable]]></category>
		<category><![CDATA[Online MBA]]></category>
		<category><![CDATA[social media demographics]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=17095</guid>
		<description><![CDATA[      
      By Sharon Hill If your publication, classified site or firm seeks to target a specific demographic, the latest study by Online MBA would be helpful indeed. The higher-education service site learned the following: Women make up a whopping 82 percent of Pinterest users Forty six percent of Facebook users are 45 years of age or older [...]]]></description>
			<content:encoded><![CDATA[      
      <p><strong>By Sharon Hill</strong></p>
<p>If your publication, classified site or firm seeks to target a specific demographic, the latest study by <strong><a href="http://www.onlinemba.com/">Online MBA</a> </strong>would be helpful indeed. The higher-education service site learned the following:</p>
<ul>
<li>Women make up a whopping 82 percent of <strong><a href="http://www.pinterest.com">Pinterest</a> </strong>users</li>
<li>Forty six percent of <strong><a href="http://aimgroup.com/blog/2012/04/03/1000-per-cent-rise-in-facebook-job-applications/">Facebook users</a> </strong>are 45 years of age or older</li>
<li>Of the 90 million <strong><a href="http://aimgroup.com/blog/2011/06/28/google-takes-on-facebook/">Google+</a> </strong>users 71 percent are male, and the largest group are young engineers and other technical professionals. Nearly 44 percent are single.</li>
<li>The top reason 5.5 million monthly visitors turn to Reddit is for humor. Visitors stay more than 16 minutes on average &#8211; more than twice that of time spent on LinkedIn. [Additionally, <strong><a href="http://aimgroup.com/blog/2009/06/23/redditjobs-launches-50-percent-discount/">Reddit recruitment listings launched in 2009</a>; </strong>as of today 3360 openings are listed, and 3950 candidates have posted their availability. ]</li>
</ul>
<p>There&#8217;s much more in this insightful infographic. <strong><a href="http://mashable.com/2012/03/09/social-media-demographics/">Mashable</a> </strong>reported the details, including the graphic below.</p>
<p><a href="http://aimgroup.com/files/2012/05/pinterest-infographic-.jpg"><img class="aligncenter size-full wp-image-17096" src="http://aimgroup.com/files/2012/05/pinterest-infographic-.jpg" alt="" width="475" height="311" /></a></p>
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		<title>LinkedIn revenue doubles, job dollars soar</title>
		<link>http://aimgroup.com/blog/2012/05/03/linkedin-revenue-doubles-job-dollars-soar/</link>
		<comments>http://aimgroup.com/blog/2012/05/03/linkedin-revenue-doubles-job-dollars-soar/#comments</comments>
		<pubDate>Fri, 04 May 2012 01:42:34 +0000</pubDate>
		<dc:creator>Sharon Hill</dc:creator>
				<category><![CDATA[Recruitment]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[linkedin earnings]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=17081</guid>
		<description><![CDATA[      
      LinkedIn just reported a 101 percent increase in revenue for the first quarter of 2012, as compared with the same time period in 2011. Its Hiring Solution products accounted for 51 percent of that revenue, with a YOY upswing in job-product dollars of 121 percent. Additionally, those members who opted to buy Premium rather than [...]]]></description>
			<content:encoded><![CDATA[      
      <p>LinkedIn just reported a 101 percent increase in revenue for the first quarter of 2012, as compared with the same time period in 2011. Its Hiring Solution products accounted for 51 percent of that revenue, with a YOY upswing in job-product dollars of 121 percent. Additionally, those members who opted to buy Premium rather than free profiles increased 91 percent. The economy, and the increasing importance in social networking for job hunting and recruiting might well account for the latter upsell upswing.</p>
<p>“LinkedIn grew over 100 percent for the seventh consecutive quarter and achieved records for adjusted EBITDA, operating and free cash flow,” said <a href="http://www.linkedin.com/in/stevesordello" target="_blank">Steve Sordello</a>, CFO of LinkedIn, in the company earnings announcement.  “We remain focused on investing in our technology and product platform as well as expanding our business in new international markets and customer segments.”</p>
<p>Despite the good news, however, other social recruitment platforms just might be nipping at LinkedIn&#8217;s candidate-traffic heels. Facebook-focused BranchOut just celebrated its own upswell in audience, and secured $25 million to keep the competition at bay. For more on this story, see our upcoming CIR.</p>
<p><a href="http://aimgroup.com/world/2012/05/03/linkedin-announces-first-quarter-2012-financial-results/">Here&#8217;s</a> the LinkedIn earnings release.</p>
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		<title>U.K. recruiters most likely to post on social networks</title>
		<link>http://aimgroup.com/blog/2012/04/27/u-k-recruiters-most-likely-to-post-on-social-networks/</link>
		<comments>http://aimgroup.com/blog/2012/04/27/u-k-recruiters-most-likely-to-post-on-social-networks/#comments</comments>
		<pubDate>Fri, 27 Apr 2012 14:06:13 +0000</pubDate>
		<dc:creator>steve shipside</dc:creator>
				<category><![CDATA[Recruitment]]></category>
		<category><![CDATA[social networks]]></category>
		<category><![CDATA[u.k.]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=16935</guid>
		<description><![CDATA[      
      According to recruitment software provider Bullhorn British recruiters are world leaders when it comes to adopting social networks. A survey of 65,000 users showed that 87 per cent of U.K. recruiters post their jobs on LinkedIn, a whisker ahead of the 86 per cent of their Canadian counterparts. 85 per cent of Australians and 84 [...]]]></description>
			<content:encoded><![CDATA[      
      <p>According to recruitment software provider <a href="http://www.bullhorn.com/" target="_blank">Bullhorn</a> British recruiters are world leaders when it comes to adopting social networks. A survey of 65,000 users showed that 87 per cent of U.K. recruiters post their jobs on LinkedIn, a whisker ahead of the 86 per cent of their Canadian counterparts. 85 per cent of Australians and 84 per cent of American recruiters turned to LinkedIn compared to 75 per cent for the rest of the world.</p>
<p>A review of Twitter usage suggested the same pattern with 53 per cent of U.K. recruiters posting jobs to the micro-blogging site compared to 48 per cent in Australia, 44 per cent in Canada and the U.S., and 28 per cent elsewhere in the world.</p>
<p>Only when it came to Facebook did the pattern change since U.S. recruiters were most likely to use Zuckerberg&#8217;s baby with 27 per cent of recruiters posting to FaceBook pages, compared to 24 per cent in Canada, 23 per cent in the U.K. and Australia, and 17 per cent for the rest of the world.</p>
<p>It should be noted that the survey was a very anglo-saxon dominated affair not least since it seems to have ignored Viadeo and its stablemates which are the dominant social networks in France, China and a range of developing countries but it does show that English-speaking  recruiters worldwide are keenly aware of the potential of social media.</p>
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		<title>McClatchy reports $2 million loss</title>
		<link>http://aimgroup.com/blog/2012/04/26/mcclatchy-reports-2-million-loss/</link>
		<comments>http://aimgroup.com/blog/2012/04/26/mcclatchy-reports-2-million-loss/#comments</comments>
		<pubDate>Thu, 26 Apr 2012 12:53:12 +0000</pubDate>
		<dc:creator>Sharon Hill</dc:creator>
				<category><![CDATA[Automotive]]></category>
		<category><![CDATA[Financial results]]></category>
		<category><![CDATA[Real estate]]></category>
		<category><![CDATA[Recruitment]]></category>
		<category><![CDATA[mcclatchy earnings]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=16930</guid>
		<description><![CDATA[      
      In its Q1 2012 earnings report, The McClatchy Company reported a loss of $2.1 million, with classified revenue down more than 8 percent year over year. While much of the classified losses were in print advertising, digital dollars suffered as well. The only classified vertical whose YOY ad revenue increased was automotive, showing a 12 [...]]]></description>
			<content:encoded><![CDATA[      
      <p>In its Q1 2012 earnings report, The McClatchy Company reported a loss of $2.1 million, with classified revenue down more than 8 percent year over year. While much of the classified losses were in print advertising, digital dollars suffered as well. The only classified vertical whose YOY ad revenue increased was automotive, showing a 12 percent jump. Real estate and employment dropped nearly 9 percent and more than 6 percent respectively. California and Florida newspapers drove the downward classified digital trend, presumably heavily impacted by the dismal real estate economy in both areas.</p>
<p><em>Here&#8217;s the earnings report: <span id="more-16930"></span></em></p>
<h5 style="text-align: center"><span style="color: #000080"><strong>McClatchy Reports First Quarter 2012 Results</strong></span></h5>
<div>
<p>Released: 04/25/2012</p>
<p>SACRAMENTO, Calif. &#8212; The McClatchy Company (NYSE-MNI) today reported a net loss in the first quarter of 2012 of $2.1 million or 2 cents per share.  In the first quarter of 2011 the company reported a net loss of $2.0 million or 2 cents per share.Revenues in the first quarter of 2012 were $288.3 million, down 5.1% from the first quarter of 2011. Advertising revenues were $209.8 million, down 6.8% from 2011, and circulation revenues were $66.4 million, up 0.4%. Digital advertising revenues grew 2.7% in the first quarter of 2012 and were 22.2% of total advertising revenues compared to 20.1% of total advertising revenues in the first quarter of 2011.</p>
<p>Results in the first quarter of 2012 included the following items:</p>
<p>&nbsp;</p>
<ul type="disc">
<li>Accelerated depreciation and certain cash charges totaling $2.9 million ($1.7 million after-tax) primarily related to relocating Miami newspaper operations.</li>
<li>Severance charges totaling $1.2 million ($0.7 million after-tax) related to continued restructuring of the company&#8217;s operations.</li>
<li>A gain on the extinguishment of debt totaling $4.4 million ($2.8 million after-tax) related to bonds repurchased in the open market.</li>
</ul>
<p>The net loss in the first quarter of 2012, excluding the net impact of these items, was $2.5 million compared to a net loss in the first quarter of 2011 adjusted for similar items of $3.4 million. (Non-GAAP measurements are discussed below).</p>
<p>Operating cash expenses, excluding charges associated with restructuring plans, declined $9.7 million, or 4.1%, from the 2011 quarter. Operating cash flow, a non-GAAP measure, was $60.8 million in the first quarter of 2012, down 8.7%.</p>
<p>Also in the first quarter, McClatchy announced that Gary Pruitt, chairman, president and chief executive officer of McClatchy, will leave the company May 16, 2012, to become president and chief executive officer of The Associated Press.</p>
<p>McClatchy&#8217;s Board of Directors has named Patrick Talamantes, McClatchy&#8217;s current vice president, finance and chief financial officer (CFO), as Pruitt&#8217;s successor. Talamantes will assume the title of president and chief executive officer (CEO) and join the company&#8217;s Board of Directors. Kevin S. McClatchy, a director of McClatchy since 1998 and a fifth-generation member of the founding McClatchy family, will become chairman of the Board.  Mr. Talamantes&#8217; replacement as CFO is expected to be named by the Board on May 16, 2012, the next board meeting date.</p>
<p><span style="text-decoration: underline">Management&#8217;s Comments on First Quarter Results</span>:</p>
<p>Commenting on McClatchy&#8217;s first quarter results, Gary Pruitt said, &#8220;We were pleased to see the advertising revenue trend improving throughout the quarter. Advertising revenues were down 7.9% in January, 6.8% in February and 5.6% in March.  For the full quarter advertising revenues were down 6.8%.  Excluding one-time advertising related to the 2011 Super Bowl included in our Fort Worth newspaper&#8217;s results, first quarter 2012 advertising revenues were down an estimated 6.3%.</p>
<p>&#8220;We continue to make progress on our digital initiatives and the strong revenue results in the quarter demonstrate that digital continues to be a high-growth opportunity for the company.  Digital-only advertising revenue increased 14.0% in the quarter.  Total digital advertising, which includes digital advertising both bundled with print and sold on a stand-alone basis, increased 2.7% compared to the 2011 quarter.  Total digital advertising now represents 22.2% of McClatchy&#8217;s total advertising revenue compared to 20.1% in 2011.  Our digital traffic also continues to grow with daily average local unique visitors to our websites and mobile devices up 2.1% in 2012.</p>
<p>&#8220;Circulation revenue increased in the quarter, up 0.4%.  Strategic price initiatives during the quarter offset the daily circulation volume declines of 5.5% and a Sunday decline of 1.1%.</p>
<p>&#8220;We continued to reduce costs in the quarter. Cash expenses, excluding restructuring costs, were down 4.1% and this continued focus on expense management enabled us to generate another quarter of healthy operating cash flow.</p>
<p>&#8220;Once again, our equity investments provided strong results. Our share of income from all equity interests was $6.0 million compared to $3.2 million in the first quarter of 2011.  Many of these companies provide important products to our newspaper websites and are strategic partners in our digital success.</p>
<p>&#8220;As we look to the second quarter, we have limited revenue visibility, with April affected by holiday shifts. We will continue to focus on our strong and growing set of products and revenue initiatives, especially in digital and direct marketing advertising. We will also remain diligent in controlling costs and expanding our operational efficiencies and expect to continue to benefit from stability in newsprint pricing in the quarter. As a result, we expect cash expenses to be down in the range of three to four percent in the second quarter of 2012.&#8221;</p>
<p>Pat Talamantes, McClatchy&#8217;s CFO and in-coming president and CEO, said, &#8220;We were pleased with the debt reduction progress considering that we also made seasonally large bond interest payments and used $40 million of cash to fund near-term required pension contributions in the quarter. We reduced debt by $35.5 million in the first quarter to $1.599 billion and finished the quarter with a cash balance of $24.4 million. Our nearest term maturity in Nov. 2014 is only about $81 million – not an issue given our free cash flow. Our leverage ratio at the end of the first quarter as defined in our credit agreement was 4.56 times cash flow and our interest coverage was 2.26 times.</p>
<p><span style="text-decoration: underline">Non-GAAP Financial Measures:</span></p>
<p>In addition to the results reported in accordance with accounting principles generally accepted in the United States (&#8220;GAAP&#8221;) included in this press release, the company has provided information regarding operating income, non-operating expenses and income, income taxes, and net income excluding certain items described in an attached schedule. In addition the company has presented operating cash flows (defined as operating income plus depreciation and amortization, restructuring related charges and other non-cash impairments) along with operating cash flow margins (operating cash flow divided by net revenues) that are reconciled to GAAP measures in the attached schedule. Management believes these non-GAAP measures, when read in conjunction with the company&#8217;s GAAP financials, provide useful information to investors by offering:</p>
<p>&nbsp;</p>
<ul type="disc">
<li>the ability to make more meaningful period-to-period comparisons of the company&#8217;s on-going operating results;</li>
<li>the ability to better identify trends in the company&#8217;s underlying business;</li>
<li>a better understanding of how management plans and measures the company&#8217;s underlying business; and</li>
<li>An easier way to compare the company&#8217;s most recent operating results against investor and analyst financial models.</li>
</ul>
<p>Operating income, non-operating expenses and income, income taxes, and net income excluding certain items should not be considered a substitute or an alternative to these computations calculated in accordance with and required by GAAP. Nor are operating cash flow and operating cash flow margins to be considered replacements for cash provided by operating activities as shown in the company&#8217;s statement of cash flows included in our financial statements.</p>
<p>In addition, the company&#8217;s statistical report, which summarizes revenue performance for the first fiscal quarter, follows.</p>
<p>At noon, Eastern time, today, McClatchy will review its results in a conference call (877-278-1205 pass code 70874612) and webcast (<a href="http://www.mcclatchy.com/" target="_blank">www.mcclatchy.com</a>).  The webcast will be archived at McClatchy&#8217;s website.</p>
<p><span style="text-decoration: underline">About McClatchy</span></p>
<p>The McClatchy Company is a leading news and information provider, offering a wide array of print and digital products in each of the markets it serves.  As the third largest newspaper company in the country, McClatchy&#8217;s operations include 30 daily newspapers, community newspapers, websites, mobile news and advertising, niche publications, direct marketing and direct mail services.  The company&#8217;s largest newspapers include <em>The Miami Herald, The Sacramento Bee, Fort Worth Star-Telegram, The Kansas City Star, The Charlotte Observer </em>and<em> The News &amp; Observer </em>in Raleigh, N.C.  McClatchy is listed on the New York Stock Exchange under the symbol MNI.</p>
<p><span style="text-decoration: underline">Additional Information:</span><strong></strong></p>
<p>Statements in this press release regarding future financial and operating results, including revenues, anticipated savings from cost reduction efforts, cash flows, debt levels, as well as future opportunities for the company and any other statements about management&#8217;s future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words &#8220;believes,&#8221; &#8220;plans,&#8221; &#8220;anticipates,&#8221; &#8220;expects,&#8221; &#8220;estimates&#8221; and similar expressions) should also be considered to be forward-looking statements. There are a number of important risks and uncertainties that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including:  McClatchy may not generate cash from operations, or otherwise, necessary to reduce debt or meet debt covenants as expected; McClatchy may experience decreased circulation and diminished revenues from retail, classified and national advertising; McClatchy may not achieve its expense reduction targets or may do harm to its operations in attempting to achieve such targets; McClatchy&#8217;s operations have been, and will likely continue to be, adversely affected by competition, including competition from internet publishing and advertising platforms; increases in the cost of newsprint; bankruptcies or financial strain of its major advertising customers; litigation or any potential litigation; geo-political uncertainties including the risk of war; changes in printing and distribution costs from anticipated levels; changes in interest rates; changes in pension assets and liabilities; changes in factors that impact pension contribution requirements, including, without limitation, the value of the company-owned real property that McClatchy has contributed to its pension plan; increased consolidation among major retailers in our markets or other events depressing the level of advertising; our inability to negotiate and obtain favorable terms under collective bargaining agreements with unions; competitive action by other companies; and other factors, many of which are beyond our control; as well as the other risks detailed from time to time in the company&#8217;s publicly filed documents, including the company&#8217;s Annual Report on Form 10-K for the year ended Dec. 25, 2011, filed with the U.S. Securities and Exchange Commission. McClatchy disclaims any intention and assumes no obligation to update the forward-looking information contained in this release.</p>
<p>&nbsp;</p>
<table border="0" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td colspan="6"><strong>***THE McCLATCHY COMPANY***</strong></td>
</tr>
<tr>
<td colspan="6">CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED)</td>
</tr>
<tr>
<td colspan="6">(In thousands, except per share amounts)</td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td colspan="3">Three Months Ended</td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td>March 25,</td>
<td></td>
<td>March 27,</td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td>2012</td>
<td></td>
<td>2011</td>
<td></td>
</tr>
<tr>
<td>REVENUES &#8211; NET:</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>   Advertising</td>
<td></td>
<td>$       209,764</td>
<td></td>
<td>$      225,113</td>
<td></td>
</tr>
<tr>
<td>   Circulation</td>
<td></td>
<td>66,403</td>
<td></td>
<td>66,167</td>
<td></td>
</tr>
<tr>
<td>   Other</td>
<td></td>
<td>12,134</td>
<td></td>
<td>12,454</td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td>288,301</td>
<td></td>
<td>303,734</td>
<td></td>
</tr>
<tr>
<td>OPERATING EXPENSES:</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>   Compensation</td>
<td></td>
<td>112,649</td>
<td></td>
<td>124,357</td>
<td></td>
</tr>
<tr>
<td>   Newsprint, supplements and printing expense</td>
<td></td>
<td>34,339</td>
<td></td>
<td>35,376</td>
<td></td>
</tr>
<tr>
<td>   Depreciation and amortization</td>
<td></td>
<td>30,741</td>
<td></td>
<td>31,231</td>
<td></td>
</tr>
<tr>
<td>   Other operating expenses</td>
<td></td>
<td>82,597</td>
<td></td>
<td>92,315</td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td>260,326</td>
<td></td>
<td>283,279</td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>OPERATING INCOME</td>
<td></td>
<td>27,975</td>
<td></td>
<td>20,455</td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>NON-OPERATING (EXPENSES) INCOME:</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>   Interest expense</td>
<td></td>
<td>(42,477)</td>
<td></td>
<td>(40,947)</td>
<td></td>
</tr>
<tr>
<td>   Interest income</td>
<td></td>
<td>14</td>
<td></td>
<td>21</td>
<td></td>
</tr>
<tr>
<td>   Equity gain in unconsolidated companies, net</td>
<td></td>
<td>6,018</td>
<td></td>
<td>3,172</td>
<td></td>
</tr>
<tr>
<td>   Gain (loss) on extinguishment of debt</td>
<td></td>
<td>4,433</td>
<td></td>
<td>(1,265)</td>
<td></td>
</tr>
<tr>
<td>   Other &#8211; net</td>
<td></td>
<td>38</td>
<td></td>
<td>66</td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td>(31,974)</td>
<td></td>
<td>(38,953)</td>
<td></td>
</tr>
<tr>
<td colspan="3"></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>LOSS BEFORE INCOME TAX BENEFIT</td>
<td></td>
<td>(3,999)</td>
<td></td>
<td>(18,498)</td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>INCOME TAX BENEFIT</td>
<td></td>
<td>(1,912)</td>
<td></td>
<td>(16,536)</td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>NET LOSS</td>
<td></td>
<td>$         (2,087)</td>
<td></td>
<td>$        (1,962)</td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>NET LOSS PER COMMON SHARE:</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>   Basic</td>
<td></td>
<td>$           (0.02)</td>
<td></td>
<td>$          (0.02)</td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>   Diluted</td>
<td></td>
<td>$           (0.02)</td>
<td></td>
<td>$          (0.02)</td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td colspan="5">WEIGHTED AVERAGE NUMBER OF COMMON SHARES:</td>
<td></td>
</tr>
<tr>
<td>   Basic</td>
<td></td>
<td>85,494</td>
<td></td>
<td>85,036</td>
<td></td>
</tr>
<tr>
<td>   Diluted</td>
<td></td>
<td>85,494</td>
<td></td>
<td>85,036</td>
<td></td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<p>&nbsp;</p>
<table border="0" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td colspan="19"><strong>***The McClatchy Company***</strong></td>
</tr>
<tr>
<td colspan="19"><strong>Consolidated Statistical Report</strong></td>
</tr>
<tr>
<td colspan="19">(In thousands, except for preprints)</td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td colspan="17"><strong>Quarter  1</strong></td>
</tr>
<tr>
<td></td>
<td></td>
<td colspan="5"><strong>Combined</strong></td>
<td></td>
<td colspan="5"><strong>Print Only</strong></td>
<td></td>
<td colspan="5"><strong>Digital</strong></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td colspan="2"><strong>Revenues &#8211; Net:</strong></td>
<td>2012</td>
<td></td>
<td>2011</td>
<td></td>
<td>% Change</td>
<td></td>
<td>2012</td>
<td></td>
<td>2011</td>
<td></td>
<td>% Change</td>
<td></td>
<td>2012</td>
<td></td>
<td>2011</td>
<td></td>
<td>% Change</td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Advertising</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Retail</td>
<td></td>
<td>$107,129</td>
<td></td>
<td>$114,438</td>
<td></td>
<td>-6.4%</td>
<td></td>
<td>$88,324</td>
<td></td>
<td>$97,456</td>
<td></td>
<td>-9.4%</td>
<td></td>
<td>$18,805</td>
<td></td>
<td>$16,982</td>
<td></td>
<td>10.7%</td>
</tr>
<tr>
<td>National</td>
<td></td>
<td>15,130</td>
<td></td>
<td>18,096</td>
<td></td>
<td>-16.4%</td>
<td></td>
<td>11,322</td>
<td></td>
<td>13,110</td>
<td></td>
<td>-13.6%</td>
<td></td>
<td>3,808</td>
<td></td>
<td>4,986</td>
<td></td>
<td>-23.6%</td>
</tr>
<tr>
<td>Classified Total</td>
<td></td>
<td>59,438</td>
<td></td>
<td>64,836</td>
<td></td>
<td>-8.3%</td>
<td></td>
<td>35,490</td>
<td></td>
<td>41,458</td>
<td></td>
<td>-14.4%</td>
<td></td>
<td>23,948</td>
<td></td>
<td>23,378</td>
<td></td>
<td>2.4%</td>
</tr>
<tr>
<td>Automotive</td>
<td></td>
<td>20,498</td>
<td></td>
<td>20,608</td>
<td></td>
<td>-0.5%</td>
<td></td>
<td>10,159</td>
<td></td>
<td>11,373</td>
<td></td>
<td>-10.7%</td>
<td></td>
<td>10,339</td>
<td></td>
<td>9,235</td>
<td></td>
<td>12.0%</td>
</tr>
<tr>
<td>Real Estate</td>
<td></td>
<td>9,413</td>
<td></td>
<td>11,643</td>
<td></td>
<td>-19.2%</td>
<td></td>
<td>6,150</td>
<td></td>
<td>8,072</td>
<td></td>
<td>-23.8%</td>
<td></td>
<td>3,263</td>
<td></td>
<td>3,571</td>
<td></td>
<td>-8.6%</td>
</tr>
<tr>
<td>Employment</td>
<td></td>
<td>12,344</td>
<td></td>
<td>13,480</td>
<td></td>
<td>-8.4%</td>
<td></td>
<td>5,764</td>
<td></td>
<td>6,459</td>
<td></td>
<td>-10.8%</td>
<td></td>
<td>6,580</td>
<td></td>
<td>7,021</td>
<td></td>
<td>-6.3%</td>
</tr>
<tr>
<td>Other</td>
<td></td>
<td>17,183</td>
<td></td>
<td>19,104</td>
<td></td>
<td>-10.1%</td>
<td></td>
<td>13,417</td>
<td></td>
<td>15,553</td>
<td></td>
<td>-13.7%</td>
<td></td>
<td>3,766</td>
<td></td>
<td>3,551</td>
<td></td>
<td>6.1%</td>
</tr>
<tr>
<td>Direct Marketing</td>
<td></td>
<td>27,916</td>
<td></td>
<td>27,490</td>
<td></td>
<td>1.5%</td>
<td></td>
<td>27,916</td>
<td></td>
<td>27,490</td>
<td></td>
<td>1.5%</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Other Advertising</td>
<td></td>
<td>151</td>
<td></td>
<td>253</td>
<td></td>
<td>-40.3%</td>
<td></td>
<td>151</td>
<td></td>
<td>253</td>
<td></td>
<td>-40.3%</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Total Advertising</td>
<td></td>
<td>$209,764</td>
<td></td>
<td>$225,113</td>
<td></td>
<td>-6.8%</td>
<td></td>
<td>$163,203</td>
<td></td>
<td>$179,767</td>
<td></td>
<td>-9.2%</td>
<td></td>
<td>$46,561</td>
<td></td>
<td>$45,346</td>
<td></td>
<td>2.7%</td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Circulation</td>
<td></td>
<td>66,403</td>
<td></td>
<td>66,167</td>
<td></td>
<td>0.4%</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Other</td>
<td></td>
<td>12,134</td>
<td></td>
<td>12,454</td>
<td></td>
<td>-2.6%</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Total Revenues</td>
<td></td>
<td>$288,301</td>
<td></td>
<td>$303,734</td>
<td></td>
<td>-5.1%</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td colspan="5"><strong>Advertising Revenues by Market:</strong></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>California</td>
<td></td>
<td>$36,025</td>
<td></td>
<td>$39,068</td>
<td></td>
<td>-7.8%</td>
<td></td>
<td>$28,666</td>
<td></td>
<td>$31,525</td>
<td></td>
<td>-9.1%</td>
<td></td>
<td>$7,360</td>
<td></td>
<td>$7,542</td>
<td></td>
<td>-2.4%</td>
</tr>
<tr>
<td>Florida</td>
<td></td>
<td>31,509</td>
<td></td>
<td>33,310</td>
<td></td>
<td>-5.4%</td>
<td></td>
<td>25,533</td>
<td></td>
<td>27,041</td>
<td></td>
<td>-5.6%</td>
<td></td>
<td>5,976</td>
<td></td>
<td>6,269</td>
<td></td>
<td>-4.7%</td>
</tr>
<tr>
<td>Texas</td>
<td></td>
<td>22,900</td>
<td></td>
<td>25,980</td>
<td></td>
<td>-11.9%</td>
<td></td>
<td>17,711</td>
<td></td>
<td>20,891</td>
<td></td>
<td>-15.2%</td>
<td></td>
<td>5,189</td>
<td></td>
<td>5,089</td>
<td></td>
<td>2.0%</td>
</tr>
<tr>
<td>Southeast</td>
<td></td>
<td>61,129</td>
<td></td>
<td>65,037</td>
<td></td>
<td>-6.0%</td>
<td></td>
<td>46,741</td>
<td></td>
<td>51,785</td>
<td></td>
<td>-9.7%</td>
<td></td>
<td>14,387</td>
<td></td>
<td>13,252</td>
<td></td>
<td>8.6%</td>
</tr>
<tr>
<td>Midwest</td>
<td></td>
<td>35,602</td>
<td></td>
<td>37,206</td>
<td></td>
<td>-4.3%</td>
<td></td>
<td>27,312</td>
<td></td>
<td>29,249</td>
<td></td>
<td>-6.6%</td>
<td></td>
<td>8,290</td>
<td></td>
<td>7,957</td>
<td></td>
<td>4.2%</td>
</tr>
<tr>
<td>Northwest</td>
<td></td>
<td>22,471</td>
<td></td>
<td>24,498</td>
<td></td>
<td>-8.3%</td>
<td></td>
<td>17,240</td>
<td></td>
<td>19,276</td>
<td></td>
<td>-10.6%</td>
<td></td>
<td>5,231</td>
<td></td>
<td>5,222</td>
<td></td>
<td>0.2%</td>
</tr>
<tr>
<td>Other</td>
<td></td>
<td>128</td>
<td></td>
<td>15</td>
<td></td>
<td>753.3%</td>
<td></td>
<td>0</td>
<td></td>
<td>0</td>
<td></td>
<td>0.0%</td>
<td></td>
<td>128</td>
<td></td>
<td>15</td>
<td></td>
<td>753.3%</td>
</tr>
<tr>
<td>Total Advertising</td>
<td></td>
<td>$209,764</td>
<td></td>
<td>$225,114</td>
<td></td>
<td>-6.8%</td>
<td></td>
<td>$163,203</td>
<td></td>
<td>$179,767</td>
<td></td>
<td>-9.2%</td>
<td></td>
<td>$46,561</td>
<td></td>
<td>$45,346</td>
<td></td>
<td>2.7%</td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td colspan="5"><strong>Advertising Statistics for Dailies:</strong></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Full Run ROP Linage</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>4,238.5</td>
<td></td>
<td>4,496.2</td>
<td></td>
<td>-5.7%</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td colspan="3">Millions of Preprints Distributed</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>1,105.5</td>
<td></td>
<td>1,177.7</td>
<td></td>
<td>-6.1%</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td colspan="3"><strong>Average Paid Circulation:*</strong></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Daily</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>2,026.1</td>
<td></td>
<td>2,143.8</td>
<td></td>
<td>-5.5%</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Sunday</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td>2,745.5</td>
<td></td>
<td>2,775.9</td>
<td></td>
<td>-1.1%</td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td colspan="3"><em>Columns may not add due to rounding</em></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td colspan="13"><em>*    Reflects average paid circulation based upon number of days in period. Does not reflect ABC reported figures.</em></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<table border="0" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td colspan="5"><strong>***THE McCLATCHY COMPANY***</strong></td>
</tr>
<tr>
<td colspan="5"><strong>Reconciliation of GAAP Measures to Non-GAAP Amounts</strong></td>
</tr>
<tr>
<td colspan="5">(In thousands)</td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td colspan="5"><strong>Reconciliation of Operating Income  to Operating Cash Flows</strong></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td colspan="3"> Three Months Ended</td>
</tr>
<tr>
<td></td>
<td></td>
<td>March 25,</td>
<td></td>
<td>March 27,</td>
</tr>
<tr>
<td></td>
<td></td>
<td>2012</td>
<td></td>
<td>2011</td>
</tr>
<tr>
<td>REVENUES &#8211; NET:</td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>   Advertising</td>
<td></td>
<td>$     209,764</td>
<td></td>
<td>$     225,113</td>
</tr>
<tr>
<td>   Circulation</td>
<td></td>
<td>66,403</td>
<td></td>
<td>66,167</td>
</tr>
<tr>
<td>   Other</td>
<td></td>
<td>12,134</td>
<td></td>
<td>12,454</td>
</tr>
<tr>
<td></td>
<td></td>
<td>288,301</td>
<td></td>
<td>303,734</td>
</tr>
<tr>
<td>OPERATING EXPENSES:</td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>   Compensation excluding restructuring charges</td>
<td></td>
<td>111,478</td>
<td></td>
<td>119,808</td>
</tr>
<tr>
<td>   Newsprint and supplements</td>
<td></td>
<td>34,339</td>
<td></td>
<td>35,376</td>
</tr>
<tr>
<td>   Other cash operating expenses</td>
<td></td>
<td>81,709</td>
<td></td>
<td>82,013</td>
</tr>
<tr>
<td>   Cash operating expenses excluding</td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>     restructuring charges</td>
<td></td>
<td>227,526</td>
<td></td>
<td>237,197</td>
</tr>
<tr>
<td>   Restructuring related compensation</td>
<td></td>
<td>1,171</td>
<td></td>
<td>4,549</td>
</tr>
<tr>
<td>   Restructuring charges</td>
<td></td>
<td>888</td>
<td></td>
<td>-</td>
</tr>
<tr>
<td>   Impairment charges related to asset sales</td>
<td></td>
<td>-</td>
<td></td>
<td>10,302</td>
</tr>
<tr>
<td>   Depreciation and amortization</td>
<td></td>
<td>30,741</td>
<td></td>
<td>31,231</td>
</tr>
<tr>
<td>   Total operating expenses</td>
<td></td>
<td>260,326</td>
<td></td>
<td>283,279</td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>OPERATING INCOME</td>
<td></td>
<td>27,975</td>
<td></td>
<td>20,455</td>
</tr>
<tr>
<td>Add back:</td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>   Depreciation and amortization</td>
<td></td>
<td>30,741</td>
<td></td>
<td>31,231</td>
</tr>
<tr>
<td>   Restructuring related compensation charges</td>
<td></td>
<td>1,171</td>
<td></td>
<td>4,549</td>
</tr>
<tr>
<td>   Restructuring charges</td>
<td></td>
<td>888</td>
<td></td>
<td>-</td>
</tr>
<tr>
<td>   Impairment charges related to asset sales</td>
<td></td>
<td>-</td>
<td></td>
<td>10,302</td>
</tr>
<tr>
<td>OPERATING CASH FLOW</td>
<td></td>
<td>$       60,775</td>
<td></td>
<td>$       66,537</td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>OPERATING CASH FLOW MARGIN</td>
<td></td>
<td>21.1%</td>
<td></td>
<td>21.9%</td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td colspan="5"><strong>Reconciliation of Net Income to Adjusted Net Income</strong></td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Net loss:</td>
<td></td>
<td>$       (2,087)</td>
<td></td>
<td>$       (1,962)</td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Add back certain items, net of tax:</td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>   Loss (gain) on extinguishment of debt</td>
<td></td>
<td>(2,801)</td>
<td></td>
<td>797</td>
</tr>
<tr>
<td>   Restructuring related charges</td>
<td></td>
<td>1,235</td>
<td></td>
<td>2,391</td>
</tr>
<tr>
<td>   Gain on sale of internet asset</td>
<td></td>
<td>-</td>
<td></td>
<td>(1,198)</td>
</tr>
<tr>
<td>   Accelerated depreciation on equipment</td>
<td></td>
<td>1,201</td>
<td></td>
<td>-</td>
</tr>
<tr>
<td>   Non-cash impairments</td>
<td></td>
<td>-</td>
<td></td>
<td>6,492</td>
</tr>
<tr>
<td>   Reversal of interest on tax items</td>
<td></td>
<td>-</td>
<td></td>
<td>(2,359)</td>
</tr>
<tr>
<td>   Certain discrete tax items</td>
<td></td>
<td>(65)</td>
<td></td>
<td>(7,578)</td>
</tr>
<tr>
<td>Adjusted net loss</td>
<td></td>
<td>$       (2,517)</td>
<td></td>
<td>$       (3,417)</td>
</tr>
<tr>
<td></td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>SOURCE The McClatchy Company</p>
</div>
]]></content:encoded>
			<wfw:commentRss>http://aimgroup.com/blog/2012/04/26/mcclatchy-reports-2-million-loss/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Indian hiring activity dips due to appraisal season</title>
		<link>http://aimgroup.com/blog/2012/04/24/indian-hiring-activity-dips-due-to-appraisal-season/</link>
		<comments>http://aimgroup.com/blog/2012/04/24/indian-hiring-activity-dips-due-to-appraisal-season/#comments</comments>
		<pubDate>Wed, 25 Apr 2012 01:34:07 +0000</pubDate>
		<dc:creator>Jim Townsend</dc:creator>
				<category><![CDATA[Recruitment]]></category>
		<category><![CDATA[naukri]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=17358</guid>
		<description><![CDATA[      
      By Nirmalya Sen Leading Indian jobs classifieds portal, Naukri.com, reported sluggish hiring activity in March because of job evaluation at the end of financial year 2011-12. Naukri.com is part of Noida, Uttar Pradesh-based Info Edge (India) Limited, a major classifieds portal. The Naukri Job Speak Index for March 2012 was at 1,170, compared with 1,209 [...]]]></description>
			<content:encoded><![CDATA[      
      <p><strong>By Nirmalya Sen</strong></p>
<p>Leading Indian jobs classifieds portal, Naukri.com, reported sluggish hiring activity in March because of job evaluation at the end of financial year 2011-12. Naukri.com is part of Noida, Uttar Pradesh-based Info Edge (India) Limited, a major classifieds portal. </p>
<p>The Naukri Job Speak Index for March 2012 was at 1,170, compared with 1,209 in February 2012, shows a dip in the hiring activity. Barring the construction sector, which saw a 7 percent dip in hiring activity in March 2012 when compared with February 2012. </p>
<p>Hitesh Oberoi, chief executive officer and managing director, Info Edge (India) said, “Hiring tends to slowdown by the end of Q1 every year because of the appraisal cycle. We expect hiring to pick up again by June/July this year.”</p>
<p>An analysis of the indices shows that important sectors like IT, ITeS (information technology-enabled services), auto and banking witnessed stable hiring levels during the month. Both, oil and gas and the telecommunications sector witnessed maximum movement in the employment front with the index moving up 6 percent and 4 per cent, respectively in March 2012 when compared with February 2012 and by 10 per cent and 19 percent when compared with the year-ago period. On the contrary, the construction sector witnessed 7 percent dip in hiring levels in March 2012 over February 2012, but maintained steady hiring levels when compared with hiring levels in March 2011.</p>
<p>The demand for professionals in sales and business development picked up by 3 per cent in March 2012 when compared with February 2012. Professionals in software services and business process outsourcing (BPO) saw steady hiring levels, while the demand for professionals in human resources, accounts and production dipped within the range of 3 percent and 5 percent respectively in March 2012 compared with February 2012.</p>
<p>Among the metros, Chennai maintained steady hiring levels, while Kolkata and Pune witnessed 9 percent and 5 percent upward movement in index in March 2012 over February 2012. On the other hand, Bengaluru, Mumbai, Delhi and Hyderabad saw dips within the range of 2 percent and 6 percent respectively in March 2012 compared with February 2012. </p>
<p>Info Edge is the first internet company to be listed in India.</p>
<p>The company has more than 2,000 people operating through 49 offices in 32 cities in India and overseas offices in Dubai, Abu Dhabi, Bahrain and Riyadh.</p>
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		<title> CareerBuilder NA revenue on upswing</title>
		<link>http://aimgroup.com/blog/2012/04/24/careerbuilder-na-revenue-on-upswing/</link>
		<comments>http://aimgroup.com/blog/2012/04/24/careerbuilder-na-revenue-on-upswing/#comments</comments>
		<pubDate>Tue, 24 Apr 2012 23:02:36 +0000</pubDate>
		<dc:creator>Sharon Hill</dc:creator>
				<category><![CDATA[Financial results]]></category>
		<category><![CDATA[Recruitment]]></category>
		<category><![CDATA[careerbuilder revenue Q1 2012]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=16889</guid>
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		<title> DMGT’s Evenbase buys Italy’s Jobrapido</title>
		<link>http://aimgroup.com/blog/2012/04/23/dmgts-evenbase-buys-italys-jobrapido/</link>
		<comments>http://aimgroup.com/blog/2012/04/23/dmgts-evenbase-buys-italys-jobrapido/#comments</comments>
		<pubDate>Mon, 23 Apr 2012 21:35:54 +0000</pubDate>
		<dc:creator>Jim Townsend</dc:creator>
				<category><![CDATA[Recruitment]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[dmgt]]></category>
		<category><![CDATA[Evenbase]]></category>
		<category><![CDATA[jobrapido]]></category>
		<category><![CDATA[Ray Duggins]]></category>

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		<title> Jobvite roadshow draws recruiter crowd</title>
		<link>http://aimgroup.com/blog/2012/04/18/jobvite-roadshow-draws-recruiter-crowd/</link>
		<comments>http://aimgroup.com/blog/2012/04/18/jobvite-roadshow-draws-recruiter-crowd/#comments</comments>
		<pubDate>Wed, 18 Apr 2012 17:32:47 +0000</pubDate>
		<dc:creator>Sharon Hill</dc:creator>
				<category><![CDATA[Recruitment]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[dan finnigan]]></category>
		<category><![CDATA[jobvite social recruitment roadshow]]></category>

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		<title>Evenbase buys Jobrapido</title>
		<link>http://aimgroup.com/blog/2012/04/16/evenbase-buys-jobrapido/</link>
		<comments>http://aimgroup.com/blog/2012/04/16/evenbase-buys-jobrapido/#comments</comments>
		<pubDate>Mon, 16 Apr 2012 15:47:32 +0000</pubDate>
		<dc:creator>steve shipside</dc:creator>
				<category><![CDATA[Recruitment]]></category>
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=16801</guid>
		<description><![CDATA[      
      “We have made no secret about our global ambitions,” says Keith Potts, Jobsite founder and now CEO of the recently-formed Evenbase group in his blog today. “We are aiming to be the market leader in digital talent acquisition globally&#8230; this fits into that strategy absolutely perfectly. It gets us into 55 countries, it gets us [...]]]></description>
			<content:encoded><![CDATA[      
      <p>“We have made no secret about our global ambitions,” says Keith Potts, <span style="font-size: small">Jobsite founder and now CEO of the <a title="Jobsite Group becomes Evenbase" href="http://aimgroup.com/blog/2012/02/03/jobsite-group-becomes-evenbase/">recently-formed Evenbase group</a> in his blog today. “W</span>e are aiming to be the market leader in digital talent acquisition globally&#8230; this fits into that strategy absolutely perfectly. It gets us into 55 countries, it gets us in fast&#8230;.we&#8217;ve got tens of millions of new candidates in those countries so it really does hit at the heart of that global strategy going forward.”<span id="more-16801"></span></p>
<p>The move he&#8217;s talking about is the news that U.K. based Evenbase, and in particular its New Ventures division (described by Potts to CIR as “our new &#8216;super secret&#8217; division”) has just bought the Italian Jobrapido – one of the largest job search engines in the world. Evenbase claims this catapults them into “the top 5 digital recruitment brands in the world” with Potts describing Jobrapido as “the world’s second largest jobs aggregator”. By his estimation that brings more than 660 million annual visits across 50 countries under the Evenbase umbrella.</p>
<p>The acquisition comes at a cost of €30 million with the intention of keeping the Jobrapido team in situ in Milan and keeping founder and CEO Vito Lomele on board within Evenbase within the New Ventures division and under the control of its MD Ray Duggins. DMGT, parent group of Evenbase has an excellent track record for keeping and encouraging the entrepreneurs it buys into so Lomele will find himself in like-minded company.</p>
<p>Jobrapido was founded by Lomele in 2006 and in just six years went from startup mode to revenues of achieved revenues of €24 million and profits of €6 million during calendar year 2011. Its acquisition underlines the reasoning behind the metamorphosis of the Jobsite Group into its new incarnation as Evenbase and with it the move from a largely U.K. company working with international partnerships to a fully fledged global player.</p>
<p>Perhaps most significant of all is Potts assertion that; “the Jobrapido acquisition is just our first step on this path.” When <a title="Jobsite Group becomes Evenbase" href="http://aimgroup.com/blog/2012/02/03/jobsite-group-becomes-evenbase/">he talked to CIR earlier this year </a>he made it clear that 2012 was going to be a milestone year for the group. The evidence suggests that he intends to deliver on that.</p>
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		<title>Evenbase launches JobsiteWhite</title>
		<link>http://aimgroup.com/blog/2012/04/16/evenbase-launches-jobsitewhite/</link>
		<comments>http://aimgroup.com/blog/2012/04/16/evenbase-launches-jobsitewhite/#comments</comments>
		<pubDate>Mon, 16 Apr 2012 14:55:30 +0000</pubDate>
		<dc:creator>steve shipside</dc:creator>
				<category><![CDATA[Recruitment]]></category>
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=16616</guid>
		<description><![CDATA[      
      The JobRapido acquisition may have grabbed the headlines but Evenbase is clearly also muscling up in many other areas. Evenbase (previously the Jobsite group of companies) has a strong background in software development courtesy of Broadbean, the multi-posting software specialist it owns. Now it is launching a new white label solution with the intriguing promise [...]]]></description>
			<content:encoded><![CDATA[      
      <p>The <a title="Evenbase buys Jobrapido" href="http://aimgroup.com/blog/2012/04/16/evenbase-buys-jobrapido/">JobRapido acquisition</a> may have grabbed the headlines but Evenbase is clearly also muscling up in many other areas.</p>
<p><a title="Jobsite Group becomes Evenbase" href="http://aimgroup.com/blog/2012/02/03/jobsite-group-becomes-evenbase/" target="_blank">Evenbase</a> (previously the Jobsite group of companies) has a strong background in software development courtesy of Broadbean, the multi-posting software specialist it owns. Now it is launching a new white label solution with the intriguing promise that not only is it entirely customisable, and free to set up and use but backed by the Jobsite name and network since jobs posted to your site are visible across the Jobsite network.</p>
<p>Talking to CIR Cheryl Morgan, Jobsite&#8217;s Brand and Communications Manager explains the reasoning behind the launch in terms of expanding the company;</p>
<p>“JobsiteWhite delivers both revenue and partnership opportunities – two key objectives for the recently launched Evenbase. It also responds to a need in the market as Jobsite have had many approaches from smaller organisations who want to add a job board to their site but aren’t operating on the scale that suits the bespoke solutions that Jobsite build for the likes of the National Health Service and Northcliffe.”</p>
<p>Morgan presents it as a win-win for both sides since it “complements &amp; enhances sites within the Job Boards division of Evenbase through the jobs sharing element. It means a greater number of vacancies for candidates registered with Jobsite, especially in specialist niche markets, and it helps generate more quality applications for Jobsite clients.”</p>
<p>The revenue is set to come from JobsiteWhite partners selling vacancies rather than charging them a fee for the technology itself – a move that may cause ripples amongst some of the more established white label providers not least since Jobsite is pointedly using its reach to enhance the appeal. As Morgan puts it; “Jobs that are posted directly on the JobsiteWhite sites are also made available on Jobsite, and relevant sites in their network, which means access to more candidates and a greater chance of finding the right person for the job.”</p>
<p>&nbsp;</p>
<p>Naturally it also helps Jobsite expand its reach into more niche areas by bringing recruiters to its door that might previously have considered the white label approach to be beyond their reach.</p>
<p>JobsiteWhite launches later this month</p>
<p>&nbsp;</p>
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		<title>CareerBuilder boosts Gannett classifieds Q1</title>
		<link>http://aimgroup.com/blog/2012/04/16/careerbuilder-boosts-gannett-classifieds-q1/</link>
		<comments>http://aimgroup.com/blog/2012/04/16/careerbuilder-boosts-gannett-classifieds-q1/#comments</comments>
		<pubDate>Mon, 16 Apr 2012 14:11:16 +0000</pubDate>
		<dc:creator>Sharon Hill</dc:creator>
				<category><![CDATA[Automotive]]></category>
		<category><![CDATA[Financial results]]></category>
		<category><![CDATA[Real estate]]></category>
		<category><![CDATA[Recruitment]]></category>
		<category><![CDATA[careerbuilder]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=16788</guid>
		<description><![CDATA[      
      Gannett Company, Inc. has just reported that digital revenue was up nearly 7 percent the first quarter of 2012, primarily thanks to recruitment revenue boosts at CareerBuilder. Sales and marketing for the career site were up as well, however, and the overall classified outlook for the media group is still bleak. As the graph below [...]]]></description>
			<content:encoded><![CDATA[      
      <p>Gannett Company, Inc. has just reported that digital revenue was up nearly 7 percent the first quarter of 2012, primarily thanks to recruitment revenue boosts at CareerBuilder. Sales and marketing for the career site were up as well, however, and the overall classified outlook for the media group is still bleak. As the graph below clearly shows, U.S. real estate and legal advertising saw the biggest drops in classified ad dollars.</p>
<p><a href="http://aimgroup.com/files/2012/04/gannettQ12012classy2.jpg"><img class="aligncenter size-full wp-image-16793" src="http://aimgroup.com/files/2012/04/gannettQ12012classy2.jpg" alt="" width="450" height="214" /></a></p>
<p><em>Here&#8217;s the earnings release</em>:</p>
<h4 style="text-align: center"><span style="color: #000080">Gannett Co., Inc. Reports First Quarter Results <span id="more-16788"></span></span></h4>
<p>&nbsp;</p>
<h6 style="text-align: center"><strong>Reported Earnings per Diluted Share of $0.28, Non-GAAP Earnings per Diluted Share of $0.34<br />
Operating Cash Flow Totaled $204 million Excluding Special Items<br />
Free Cash Flow Totaled $148 million<br />
Operating Revenues Totaled $1.22 billion<br />
Company-Wide Digital Revenues Increased 8 percent Year-Over-Year</strong></h6>
<p>&nbsp;</p>
<p><strong></strong>MCLEAN, Va., April 16, 2012 /PRNewswire via COMTEX/ &#8211;Gannett Co., Inc. (NYSE: GCI), a leading international media and marketing solutions company, today reported first quarter financial results. Earnings per diluted share, on a GAAP (generally accepted accounting principles) basis were $0.28 for the first quarter of 2012 compared to $0.37 for the first quarter last year. Excluding special items in 2012 and 2011, first quarter earnings per diluted share were $0.34 compared to $0.41 for the same quarter in 2011.</p>
<p>Gracia Martore, president and chief executive officer, said, &#8220;We are pleased with the progress we are making on the strategic initiatives underway across the company that will position Gannett for success in the digital age. Key highlights from the first quarter include launching a new all-access, all-platform content subscription model in six markets, rolling out Digital Marketing Services in our top markets and paving the way for important new advertising and marketing revenue opportunities through the expansion of our USA TODAY Sports Media Group. We also completed approximately $20 million of the $65 million of planned 2012 strategic initiative investments. We expect to see returns on our strategic initiative investments as the year progresses and for many years to come. We are squarely focused on leveraging the iconic brands, local connections and financial strength that differentiate our business to implement our growth plan while returning $1.3 billion to investors by 2015.&#8221;</p>
<p>Martore continued, &#8220;Our first quarter results were impacted by spending on strategic investments and advertising softness, particularly during January&#8217;s industry-wide slowdown. Improving advertising activity in February and March, while encouraging, did not overcome the slow start to the year. Importantly, each of our businesses remained solidly profitable, and our Broadcasting and Digital segments delivered strong revenue growth of 8 percent and 7 percent, respectively. Digital revenue growth of 13 percent in our Publishing segment underscored the success we are achieving in establishing the robust content and advertising platforms that will power our renewed growth.&#8221;</p>
<p>In addition to investments in strategic initiatives, results for the first quarter of 2012 include net special charges affecting operating income related to facility consolidations and workforce restructuring. Facility consolidation charges totaled $4.8 million ($2.9 million after tax or $0.01 per share) reflecting primarily accelerated depreciation costs associated with the transfer of production activities for The Cincinnati Enquirer to a third-party printer in Columbus, Ohio announced in the fourth quarter last year. Workforce restructuring charges of $16.3 million ($9.7 million after tax or$0.04 per share) reflect principally the impact of an early retirement offer plan announced in the first quarter.</p>
<p>Results for the first quarter of 2011 included $7.7 million of non-cash charges primarily associated with facility consolidations ($4.6 million after-tax or $0.02 per share) and $6.0 million in costs due to workforce restructuring ($3.9 million after-tax or $0.02 per share).</p>
<p>Amounts reported in accordance with GAAP are contained in Tables 1 and 2. Certain amounts and comparisons included in the following discussion of GAAP results are supplemented by discussions which exclude the effect of special items. Details of these special items and their effect on GAAP results are included on the Non-GAAP Financial Information Tables 3 through 6 attached to this release. The company&#8217;s basis for providing discussions of non-GAAP results is detailed below.</p>
<p><span style="text-decoration: underline"><strong>CONTINUING OPERATIONS</strong></span></p>
<p>Net income attributable to Gannett in the first quarter of 2012 totaled $68.2 million while net income attributable to Gannett on a non-GAAP basis was $80.8 million. Reported operating income was $135.7 million and non-GAAP operating income totaled $156.7 million. Operating cash flow in the quarter (a non-GAAP term defined as operating income plus special items, depreciation and amortization) was $204.3 million.</p>
<p>Total operating revenues for the company in the first quarter totaled $1.22 billion, a decline of 2.6 percent. Digital segment revenues were almost 7 percent higher reflecting primarily solid revenue growth at CareerBuilder. A 7.5 percent increase in Broadcasting segment revenues was driven by stronger advertising demand and growth in retransmission revenue. Publishing segment revenues declined 6.0 percent reflecting, in part, the impact of sluggish economic growth on advertising demand early in the quarter.</p>
<p>Operating expenses including the special charges noted above were $1.08 billion in the first quarter this year compared to $1.07 billion in the first quarter last year. Continuing cost control and efficiency efforts company-wide were offset in part by $20 million of initiative investments noted previously that impacted the publishing segment primarily and an increase of approximately $6 million in pension expense. On a non-GAAP basis, operating expenses which exclude special items and include the impact of the investment in strategic initiatives and pension expense totaled$1.06 billion, relatively unchanged from the first quarter a year ago. Non-GAAP operating expenses in the Publishing segment were lower in the quarter reflecting the impact of continuing efficiency efforts partially offset by investments in strategic initiatives. Broadcast segment expenses were higher in the quarter due, in part, to sales costs associated with higher revenue and strategic initiative investments. The increase in Digital segment expenses related to higher technology support costs associated with new business initiatives and higher sales costs at CareerBuilder, and product development costs at other Digital segment businesses.</p>
<p>During the quarter the company announced a new capital allocation plan that included a 150 percent increase in the annual dividend to $0.80 per share and a $300 million share repurchase program targeted to be completed over the next two years. The purchase of approximately 2.4 million shares was completed during the quarter for $35.5 million.</p>
<p><span style="text-decoration: underline"><strong>PUBLISHING</strong></span></p>
<p>Publishing segment operating revenues in the quarter were $874.1 million compared to $929.8 million in the first quarter last year reflecting soft advertising demand due in part to the tepid pace of the economic recovery. Digital revenues in the Publishing segment were 12.5 percent higher in the quarter.</p>
<p>Advertising revenues totaled $551.4 million compared to $601.7 million in the first quarter of 2011. Year-over-year advertising revenue comparisons improved sequentially within the quarter. Advertising revenues in the U.S. were 8.3 percent lower in the first quarter. At Newsquest, the company&#8217;s operations in the UK, advertising revenues declined 6.0 percent, in pounds.  The complete release is on the <strong><a href="http://phx.corporate-ir.net/phoenix.zhtml?c=84662&amp;p=irol-newsArticle&amp;ID=1683244&amp;highlight=">Gannett website</a>. </strong></p>
<p>&nbsp;</p>
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