Nov 26, 2008: Monster Worldwide and News Limited Announce Australian Joint Venture

NEW YORK & SYDNEY, Australia--(BUSINESS WIRE)--Monster Worldwide, Inc. (NYSE: MWW - News), the parent company of Monster®, the leading global online careers and recruitment resource and News Corporation’s Australian operation, News Limited, today announced they have entered into a joint venture to offer combined online and print recruitment services. This alliance further expands Monster’s international presence and reinforces Monster’s position as the leading global online recruitment resource.

“This new relationship between Monster and News Limited combines two industry leaders to jointly deliver recruitment solutions to both job seekers and for employers seeking talent in this important region,” said Sal Iannuzzi , chairman, president and chief executive officer of Monster Worldwide. “With 140 newspapers reaching nearly 12 million people each week, News Limited provides the largest audience of any publisher. When coupled with the Monster experience, this joint venture will become the leading career and recruitment destination in Australia.”

Under the terms of the joint venture agreements, which remain private, Monster will own a 50 percent stake in CareerOne. The joint venture will initially carry the CareerOne and Monster brands, and the organization will continue to operate from its existing headquarters in Sydney.

“This deal cements CareerOne’s position as Australia’s second largest digital employment brand and is great news for the Australian employment sector – it increases our competitive position and will bring a world class product into the local market, offering employers and advertisers the best possible platform to reach millions of potential job hunters,” said John Hartigan, chairman and chief executive of News Limited. “Monster led the world in creating the online jobs market, and a decade later its expertise and technology is unrivalled. The combination of News Limited’s sales and marketing prowess, together with Monster’s world-class technology and expertise, make a powerful combination.”

“Monster’s established expertise in building effective employment services for the small-to-medium size marketplace will be a powerful capability in how the joint venture provides employers and advertisers the best possible platform to reach job seekers,” said Mark Stoever, executive vice president, corporate development and strategic alliances for Monster Worldwide. “It’s a smart, strategic alliance -- one that we are confident will have a positive impact and hold tremendous value for our customers, both present and in the future.”

About Monster Worldwide

Monster Worldwide, Inc. (NYSE: MWW - News), parent company of Monster®, the premier global online employment solution for more than a decade, strives to inspire people to improve their lives. With a local presence in key markets in North America, Europe, Asia and Latin America, 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. To learn more about Monster's industry-leading products and services, visit www.monster.com.

About News Limited

News Limited, which employs over 10,000 people, is News Corporation’s wholly owned Australian operating company. News Limited is Australia’s largest newspaper publisher, with a stable of 140 metro, regional and suburban newspapers. The company is also one of Australia’s leading magazine and on-line publishers, and has additional interests in television, sport, opinion polling and newswire services.

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.

Contact:

Monster
Investors
Robert Jones
212-351-7032
Robert.Jones@monsterworldwide.com
or
Media
Steve Sylven
978-461-8503
Steve.Sylven@monster.com
or

News Digital Media
Stephen Browning, +61 2 8114 7850
stephen.browning@newsdigitalmedia.com.au

Source: Monster Worldwide, Inc.