11/05/08

Here are more highlights from Monster's third quarter results, as filed in its 10-Q on Nov. 4.

-- It acquired Trovix (search-oriented career matching) for $64 million, Affinity Labs (law enforcement, healthcare, education, government and technology jobs and community) for $61.5 million, and the remaining part of ChinaHR that it didn’t already own for $174 million and the conversion of $25 million credit facility.

-- Online revenue on its Millitary.com and Affinity Labs sites were flat for the first nine months of this year because of a decision in 2007 to remove interstitial ads and student loan ads. There was also lower demand from financial services customers, the company said.

-- The company’s decision to close down social networking site Tickle.com, which Monster bought in 2004 for $70 million, was based upon Tickle’s non-core offerings, “which no longer fit the Company’s long-term strategic growth plans, and Tickle’s lack of profitability.” Tickle’s discontinuation resulted in a write-down of $13.2 million of long-lived assets, an income tax benefit of $29.5 million and a net loss of $5.45 million from its operations.

Full 10-Q here.