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Monster buys Affinity Labs

January 04 2008
Monster Worldwide Inc. (NASD: MNST) said today it bought Affinity Labs Inc., an operator of several career and community Web sites for nurses, police officers, firefighters, and others. Monster is paying $61 million in cash and does not expect the acquisition to have a material effect on 2008 financial results.

Affinity Labs' seven career Web sites include www.policelink.com, www.firelink.com, www.govcentral.com, www.nursinglink.com, www.artbistro.com, www.techcommunity.com, and www.theapple.com.

Affinity Labs' president is Christopher Michel, who will remain with Monster and report directly to Chairman and CEO Sal Iannuzzi. Michel also founded Military.com, a Web site Monster acquired in 2004 focused on military personnel and their families.

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