Monster Announces Strategic Alliance with Freedom Communications to Power Online Recruitment for Freedom's 36 Newspaper and Eight Television Properties Nationwide
MAYNARD, Mass. & IRVINE, Calif., Nov 27, 2006 (BUSINESS WIRE) -- Monster, the leading global online career and recruitment resource and flagship brand of Monster Worldwide, Inc. (NASDAQ: MNST), and Freedom Communications, Inc., a leading privately owned diversified media company, today announced a strategic alliance to bring industry-leading recruitment services to all of Freedom's newspaper, television and online brands across the country.
By partnering with Monster, Freedom provides advertisers with powerful recruitment tools that streamline the hiring process and provide access to the world's largest resume database, ensuring access to top talent nationwide. In addition, Freedom will now offer job candidates hundreds of thousands of diversified jobs nationwide with valuable career advice and guidance.
"Combining the local strength of Freedom newspaper and TV brands nationwide with the power of Monster, the leading online careers and recruitment resource, will provide local employers with superior reach, a best-in-class solution and results that meet their employment needs, while serving job seekers with an expansive inventory of employment opportunities, expert advice regarding a range of career-related topics, and an array of tools," said Michael Mathieu, President of Freedom Interactive. "This is the first step in an overarching strategic initiative to significantly enhance the products and services offered by all online Freedom properties nationwide."
"Today's announcement marks another major step forward in our localization strategy. Monster continues to pursue small-and-medium sized businesses as one of our major areas of growth, and media alliances help us solidify and grow our presence in the regions where these organizations are based," said Doug Klinger, President, Monster North America. "The relationship with Freedom Communications, one of the top 10 media companies in the U.S., exemplifies the value these alliances bring to both large and small regions as we leverage our combined expertise in their markets across the country."
This relationship is designed to benefit consumers and employers alike.
Consumers get a complete online solution offering a local focus with industry-leading search and match technology.
Employers benefit from the easy availability of an end-to-end recruitment solution that utilizes print and online advertising components. Businesses can also access the industry's leading resume database, which attracts approximately 40,000 new resumes each day from across the country. In addition, the hiring and talent management tools offered through the Freedom-Monster program help recruiters and hiring managers save time, allowing them to focus on strategy and core operations.
The Freedom classified advertising network will extend into 16 states, giving advertisers and consumers access to the job market from the east to west coast. Monster's employment product will first be launched across The Orange County Register in Orange County, Calif., The Gazette in Colorado Springs, Colo. and the East Valley Tribune in Mesa, Ariz., set to be live by the end of December 2006. The remaining Freedom newspapers are targeted to launch the new co-branded employment solution from Monster by the end of March 2007, and Freedom's broadcast TV stations are expected to launch by the end of June 2007.
About Freedom Communications
Freedom Communications, headquartered in Irvine, Calif., is a national privately owned information and entertainment company of print publications, broadcast television stations and interactive businesses. The company's portfolio includes more than 70 newspapers, including The Orange County Register, magazines and other specialty publications, plus news, information and entertainment websites to complement its print and broadcast properties. Freedom's community and metro newspaper publications have a combined circulation of more than one million subscribers. The broadcast stations - five CBS and three ABC network affiliates - reach more than 3.5 million households across the country. For more information visit www.freedom.com.
About Freedom Interactive
Freedom Interactive is dedicated to providing employers with the products and services necessary to attract and retain the best talent in a highly competitive workplace. In addition, Freedom always has sought to provide the customer with convenient ways to stay in the know about local and national news that is relevant and compelling to them.
About Monster Worldwide
Founded in 1967, Monster Worldwide, Inc. is the parent company of Monster(R), the leading global online careers and recruitment resource. Headquartered in New York with approximately 4,600 employees in 35 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.
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 34 local language and content sites in 32 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: 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, which discussions are incorporated in this release by reference.
Danielle Perry, 978-461-8366
Weber Shandwick (For Monster)
Andy Rohr, 617-520-7030
Freedom Communications, Inc.
Stephanie Miclot, 949-253-2339