Monster: All HotJobs papers have migrated
(Updated Feb. 28)
Earlier today, we posted the Monster Worldwide news release that it had completed its integration with Yahoo HotJobs, and that all HotJobs traffic was now being referred to Monster.com.
One of the things we wondered about was, had they completed the migration of all Yahoo HotJobs newspaper affiliates as well?
Short answer: Yes.
“We are 100 percent migrated,” Monster spokesman Matt Henson told us.
UPDATE: We thought there was some attrition of Yahoo HotJobs affiliate newspapers that elected not to sign with Monster.com (or where Monster elected not to re-sign with the newspaper, for some reason), but Matt Henson of Monster.com told us today (Feb. 28) that “there has been no attrition and all HJ papers [have moved] to Monster.” That’s a remarkable feat, given that there were several highly competitive markets … that we heard about a lot of papers that were considering jumping ship … and that it was a Herculean task to get all of those papers migrated. So Lauren Chacon and her team deserve kudos.
Newspaper consortium? Doing well, execs say
Monster hits the ground running with HotJobs
Done deal: Monster owns HotJobs
(Update for fact fix in fifth paragraph.)
Monster Worldwide has completed its acquisition of Yahoo’s HotJobs for $225 million cash, having met U.S. regulators’ scrutiny.
Concurrent with the closing, Monster will become Yahoo’s exclusive provider of career and job content on the Yahoo homepage in the U.S. and Canada, as part of a three-year commercial traffic agreement.
The deal adds about 600 U.S. newspapers currently on the Hotjobs platform to Monster’s affiliate network of 400 newspapers, for a local reach in about 1,000 newspaper markets in all 50 states. Monster had said from the outset that it would honor Hotjob’s deals with newspapers.
Still, there’s lots of work to be done. While the Yahoo deal is closed, there’s still the question of where newspaper affiliates on Hotjobs will ultimately reside. Continue reading
FTC asks Monster for more info on proposed HotJobs deal
The U.S. Federal Trade Commission has asked Monster Worldwide for additional information on its proposed acquisition of HotJobs from Yahoo.
The FTC “second request” is considered pro forma, part of the regulatory process under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
In a statement, the company said it “intends to respond expeditiously to this request and continue to work cooperatively with the FTC in connection with this review.”
Monster expects the transaction to close in Q3 2010.
Reaction mixed on Monster-HotJobs deal
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