Online job site Monster Worldwide has agreed to purchase Yahoo's HotJobs operation for $225 million, giving Monster access to 600 online newspaper sites which were part of Yahoo's newspaper consortium (which includes Lee Enterprises and QCTimes.com).
The deal, subject to federal anti-trust review, would create a combined Monster/HotJobs site audience larger the current job site leader CareerBuilder.
Yahoo reported it will maintain its newspaper consortium, which involves search and display advertising and content distribution arrangements.
GAH Briefing
