Monster and Community Newspaper Holdings, Inc. Forge Recruitment Services Alliance to Reach Audiences of 145 News Publications
Monster Grows Its Media Alliance Strategy with 80 Co-Branded
Recruitment Sites Expected to Launch, Serving 93 Daily Newspapers and52 Additional News Publications
MAYNARD, Mass. & BIRMINGHAM, Ala.--(BUSINESS WIRE)--May 21, 2007--Monster(R) and Community Newspaper Holdings, Inc. today announced an online and print recruitment service alliance. The cornerstone of the relationship will be approximately 80 co-branded career and recruitment sites; collectively, the sites serve communities reached by 145 CHNI news publications that boast a cumulative circulation of more than one million subscribers. Monster is the leading global online careers and recruitment resource and flagship brand of Monster Worldwide, Inc. (NASDAQ: MNST). Community Newspaper Holdings, Inc. (CNHI) is the parent company of 93 daily newspapers in the United States.
"Monster's alliance with CNHI helps make it easier than ever for local employers and job seekers in smaller markets to tap into Monster's capabilities," said Doug Klinger, president, Monster North America. "This agreement builds upon Monster's strategy of leveraging local media alliances to create new points of distribution for our services and strengthens our brand relevance among small to-medium sized businesses."
"CNHI has moved aggressively to offer rich information and tools to our customers online, and the alliance with Monster will allow us to give recruitment advertisers and job seekers access to cutting-edge technology," said Donna Barrett, president and CEO of Community Newspaper Holdings, Inc. "Employers already count on us to connect them with the most qualified employees in our communities, and Monster's mastery of the online recruitment market will help us expand that relationship with our advertisers and readers."
The relationship is designed to benefit anyone who is interested in managing their career - whether actively searching for a job or looking for ideas and tools to leverage in their day-to-day lives. People can benefit from a complete online solution offering a local focus with industry-leading search and match technology. In addition, they can build an online profile for a customized experience and can confidentially post their resume - all at no cost. Site visitors can seek out award-winning expert advice on a range of career-related topics and an array of tools including a resume builder and salary information center. Monster also offers a vast selection of jobs in every category as the leading online global careers site.
Employers benefit from the easy availability of a more comprehensive recruitment solution that utilizes print and online advertising components as well as access to the leading resume database.
Rollout of the co-branded sites is expected to begin over the next several weeks.
About Monster's Media Alliance Strategy
Since announcing its first alliance with Philadelphia Media Holdings in July 2006, Monster has forged agreements with media companies representing more than 200 news publications and eight television properties. Monster's newspaper alliances reach a daily circulation of approximately 7 million readers, representing approximately 12 percent of the total circulation of daily newspapers in the United States. These relationships bring industry-leading recruitment services to local employers and consumers across the country.
About Monster Worldwide
Monster Worldwide, Inc. (NASDAQ: MNST), parent company of Monster(R), the premier global online employment solution for more than a decade, strives to bring people together to advance their lives. With a local presence in key markets in North America, Europe, and Asia, Monster works for everyone by connecting employers with quality job seekers at all levels and by providing personalized career advice to consumers globally. Through online media sites and services, Monster delivers vast, highly targeted audiences to advertisers. Monster Worldwide is a member of the S&P 500 Index and the NASDAQ 100. To learn more about Monster's industry-leading products and services, visit www.monster.com. More information about Monster Worldwide is available at www.monsterworldwide.com.
About Community Newspaper Holdings, Inc.
Community Newspaper Holdings, Inc. (CNHI), formed in 1997, is the parent company for 93 daily newspapers in the United States. The company is headquartered in Birmingham, Alabama. More information about CNHI is available at: http://www.cnhi.com/
Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding Monster Worldwide, Inc.'s strategic direction, prospects and future results. Certain factors, including factors outside of Monster Worldwide's control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which Monster Worldwide operates, risks associated with acquisitions, competition, seasonality and the other risks discussed in Monster Worldwide's Form 10-K and other filings made with the Securities and Exchange Commission.CONTACT: Monster Danielle Perry, 978-461-8366 email@example.com or Weber Shandwick for Monster Andy Rohr, 617-520-7030 firstname.lastname@example.org or CNHI Chris Muldrow, 205-527-7644 Vice President for Internet Operations email@example.com or CNHI Steve McPhaul, 205-298-7100 Senior Vice President for Newspaper Operations firstname.lastname@example.org SOURCE: Monster