America Online and CareerBuilder, LLC Announce Multi-year, Multi-million Dollar Strategic Career-services Alliance
CareerBuilder.com to Power Careers and Jobs Areas Of Several America Online Brands, Offering Job-Seekers Access to CareerBuilder.com's More Than 400,000 Continuously Updated Job Postings
Exclusive Four-Year Alliance Valued At Up To $115 Million
DULLES, VA and CHICAGO, IL - August 4, 2003 - America Online, Inc., the world's leading interactive services company, and CareerBuilder.com, the smarter recruitment resource for finding better candidates and jobs, today announced a multi-year strategic alliance under which CareerBuilder.com will power the Careers and Jobs areas of several America Online brands. CareerBuilder.com will also receive promotion on several Time Inc. interactive properties as well as on CNN.com.
The alliance brings the wide online consumer audiences of America Online, Time Inc. and CNN together with CareerBuilder.com's unique combination of national, local and niche audiences, offering job-seekers and recruiters a powerful online resource to match qualified prospective employees with the right company. The exclusive four-year agreement, beginning in mid-December 2003, involves a combination of performance-based elements and guaranteed payments, and is valued at up to $115 million over the term.
Under the agreement, tens of millions of AOL and CompuServe members and Netscape users will have convenient access to all of CareerBuilder.com's more than 400,000 continuously updated job postings, representing more than 25,000 of the top employers in virtually every industry and field. AOL members will also be able to take advantage of CareerBuilder.com's smart online products such as the confidential Personal Search Agent that hunts for job opportunities in expressed areas of interest and automatically emails them to job seekers.
Ted Leonsis, AOL Vice Chairman and President, AOL Core Service, said: "With an increasingly competitive job market, a search for employment has to include the online medium. We're very pleased to bring CareerBuilder.com's employment resources to the millions of users of America Online's brands, because CareerBuilder.com is a leader in the recruitment arena, offering targeted job search products and a connection to 25,000 of the nation's most sought after employers."
Lisa Brown, President, Interactive Marketing, said: "We're pleased to announce an alliance that will provide a strategic partner such as CareerBuilder.com with an efficient and effective way to reach consumers. Working together, America Online and CareerBuilder.com will create the ultimate destination for job seekers and recruiters. People are now going online to look for jobs more than ever--and this new agreement, which will bring CareerBuilder.com's consumer-friendly tools and services to users of several key America Online brands, will make it even easier. Moving forward, we will continue to work with our partners to evolve and enhance the online advertising experience."
Matt Ferguson, chief operating officer of CareerBuilder.com, said: "CareerBuilder.com has built relationships with hundreds of industry leaders to provide our customers with the greatest visibility, services and support. We are delighted to announce this alliance with America Online, further extending the distribution of the jobs posted by our corporate customers to the vast base of AOL and CompuServe members and Netscape users. In addition to this added exposure for the jobs posted on CareerBuilder.com, the tens of millions of online consumers using AOL brands now gain access to a complete recruitment resource to help them achieve their next career milestone."
Users of the America Online brands will be able to take advantage of CareerBuilder.com's smart online products to target their job searches for salaried and hourly positions by indicating their work preferences, education and experience. The site gives job seekers the choice to search by industry location and job type, and provides online career assessments, coaching for interviews and tips for salary negotiations. Interested employers simply review profiles and contact qualified candidates.
CareerBuilder.com combines the distribution power of online and print with more than 130 newspapers of its partners Gannett Co., Tribune Company and Knight Ridder. Leveraging its wide network of partners, CareerBuilder.com posted the most jobs for the top 90 U.S. markets, according to the most recent report from recruitment tracking firm Corzen.
About CareerBuilder.com
CareerBuilder.com is a leading online source for maximizing recruitment dollars and optimizing job searches with superior products, customer service and technology. With a unique combination of national, local and niche audiences, CareerBuilder.com makes it easy for recruiters to reach the most qualified candidates with industry-leading market research data and support. Job seekers can search for the right job from more than 400,000 continuously updated postings, representing more than 25,000 of the top employers in virtually every industry, field and location. Together with Gannett Co., Inc. (NYSE:GCI), Tribune Company (NYSE:TRB), and Knight Ridder, Inc. (NYSE:KRI), CareerBuilder.com includes the Web's top newspaper sites - the most trusted employment sources in recruiting. For more information about CareerBuilder.com products and services, call 888-670-TEAM or visit http://www.careerbuilder.com.
About America Online, Inc.
America Online, Inc. is a wholly owned subsidiary of AOL Time Warner Inc. (NYSE: AOL). Based in Dulles, Virginia, America Online is the world's leader in interactive services, Web brands, Internet technologies and e-commerce services.
America Online Media Contact
David Theis
(p) 703-265-1491
CareerBuilder Media Contact
For all media inquiries and interview requests, contact:
Jennifer Grasz
(P) 773-527-1164
(E) jennifer.grasz@careerbuilder.com
