Monster and New Owner of Philadelphia Inquirer, Philadelphia Daily News and Philly.com Announce Strategic Alliance

NEW YORK & PHILADELPHIA--(BUSINESS WIRE)--July 25, 2006-- Monster, the leading global online careers and recruitment resource and flagship brand of Monster Worldwide, Inc. (NASDAQ: MNST), and Philadelphia Media Holdings LLC, the new owner of The Philadelphia Inquirer, Philadelphia Daily News and philly.com, today announced a new strategic alliance to deliver online and offline recruitment services to employers and job seekers in the nation's fourth largest metro market - representing the first such alliance between Monster and a major-market media company.

The new alliance exemplifies Monster Worldwide's corporate strategy to grow Monster via multiple distribution channels and reflects Philadelphia Media Holdings' commitment to leverage and expand the revenue base of its media properties. Central to the alliance is a soon-to-be-launched co-branded job search and recruitment website, which will combine the strength of the Monster brand and product portfolio with the deep local market expertise and audience of Philadelphia's largest circulation daily newspapers (The Philadelphia Inquirer and Philadelphia Daily News) and number one website (philly.com). The new website will deliver more powerful recruitment tools and services to Philadelphia-area employers and provide a broader array of potential employment opportunities to job seekers, enabling both partners to increase consumer and employer marketshare.

"We chose to partner with Monster.com because we wanted to work with the industry's premier online job site. We're comfortable breaking new ground and we believe partnering with Monster.com puts us on the cutting edge of the next wave in online job searching. As the new owners of The Inquirer, Daily News and philly.com, this alliance represents an important milestone in our strategic plan to foster new, innovative revenue growth opportunities that unlock the true potential of both our print and online properties," said Brian Tierney, Chairman and Chief Executive Officer of Philadelphia Media Holdings (PMH). "Working together, PMH and Monster.com will offer a powerful combination of recruitment classified advertising certain to appeal to Delaware Valley employers and job seekers alike."

Available on August 14, the new co-branded website will give Philadelphia-area employers the opportunity to access Monster's industry leading resume database, which attracts more than 40,000 new resumes each day. Philadelphia-area job seekers will benefit from a more compelling, "one-stop shopping" job search experience, featuring a larger, more dynamic array of employer job opportunities, better tools and career assistance resources, and the expert job seeking advice that only the online recruitment industry leader can provide.

"With the choices available to Philadelphia Media Holdings, we are delighted that they selected Monster as their preferred online partner and look forward to collaborating as a dynamic new force that will further elevate and advance the overall recruitment marketplace in Philadelphia," said Andrew J. McKelvey, Chairman and Chief Executive Officer of Monster Worldwide. "As the first alliance between Monster and a major newspaper media group, this initiative is a prime example of our continued commitment to grow Monster through a variety of strategic distribution points and partnerships. In addition, this initiative exemplifies how we remain singularly focused on leveraging the tremendous recognition of the Monster brand and implementing targeted marketing and promotional efforts to drive Monster's local market share."

Douglas Klinger, President of Monster, North America added, "This strategic initiative with PMH demonstrates our ability to capitalize on, and deploy, our broad portfolio of multiple, integrated sales/distribution channels to help strengthen Monster.com's presence in key local U.S. markets. With tremendous local market reach, visibility, and breadth of services, Monster.com and PMH are uniquely equipped to provide Philadelphia-area businesses and job seekers with the most effective and efficient recruitment services available."

About Philadelphia Media Holdings LLC

Philadelphia Media Holdings, LLC, a private investment group led by Brian P. Tierney, was formed in 2006 for the purpose of acquiring the Philadelphia Inquirer, Daily News, philly.com and related online assets. The diverse group includes civic, labor and corporate leaders, entrepreneurs and private investors who share a commitment to high-quality, locally-owned journalism.

About Monster Worldwide

Founded in 1967, Monster Worldwide, Inc. is the parent company of Monster(R), the leading global online careers and recruitment resource. The Company also owns TMP Worldwide, one of the largest Recruitment Advertising agencies in North America. Headquartered in New York with approximately 4,300 employees in 25 countries, Monster Worldwide (NASDAQ: MNST) is a member of the S&P 500 Index and the NASDAQ 100. More information about Monster Worldwide is available at www.monsterworldwide.com.

About Monster

Monster(R) is the leading global online careers and recruitment resource. A division of Monster Worldwide, Monster works for everyone by connecting quality job seekers at all levels with leading employers across all industries. Founded in 1994 and headquartered in Maynard, Mass., Monster has 26 local language and content sites in 24 countries worldwide. More information is available at www.monster.com or by calling 1-800-MONSTER. To learn more about Monster's industry-leading employer products and services, please visit http://info.monster.com.

Special Note: 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 the Company's strategic direction, prospects and future results. Certain factors, including factors outside of our 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 we operate, risks associated with acquisitions, competition, seasonality and the other risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.

CONTACT: Monster Worldwide
Robert Jones, 212-351-7032
robert.jones@monsterworldwide.com
Kathryn Burns, 212-351-7063
kathryn.burns@monsterworldwide.com
or
Weber Shandwick for Monster Worldwide
Christian Harper, 212-445-8135
charper@webershandwick.com
or
Devine and Powers for PMH
Rebecca Morley, 215-568-2525
Mobile: 215-370-5619

SOURCE: Monster Worldwide, Inc.