Knight Ridder and Tribune Acquire Recruitment Websites

Posted on July 17, 2000

Knight Ridder and Tribune Company have announced that they have agreed to acquire CareerBuilder, Inc. as well as CareerPath.com, Inc. to create local and national online recruitment networks. Tribune and Knight Ridder plan to use their local brands, local sales teams and existing customer relationships to try and establish CareerBuilder as the leading force in the online recruitment industry.

Dan Finnigan, president of KnightRidder.com, operator of the Real Cities Network said, ``This new venture enables us to create a win-win solution for advertisers, recruiters, consumers and the companies involved. Tribune and Knight Ridder bring powerful ingredients to the success of CareerBuilder -- our extensive local recruitment listings, existing tools from our online classified products and our world-class sales force of print and online reps.''

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