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Gannett now holds majority of CareerBuilder

September 03 2008

Newspaper publisher Gannett Co. Inc. acquired a controlling interest in CareerBuilder.com. Gannett said today it purchased an additional 10% stake in the online job site from the Tribune Company for $135 million, giving it a 50.8% share.

Gannett previously held a 40.8% stake in the company with Tribune also holding a 40.8% stake. Tribune's share is now 30.8%.

No major changes are expected at CareerBuilder, said Craig Dubow, chairman, president and CEO of Gannett.

Other owners of CareerBuilder include newspaper publisher McClatchy Co. with a 14.4% stake and Microsoft Corp. with a 4% stake.


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