After positive Q3, Monster projects 20-25% growth in 2011
Newspaper consortium? Doing well, execs say
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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
