Journal Register Buys Jobs Site JobsInTheUS

Newspaper company Journal Register has bought out JobsInTheUS, a technology company that owns several online job sites.

Journal Register did not disclose the terms of the deal. It said 2005 revenue for JobsInTheUS, which runs the JobsInME.com, JobsInNH.com, JobsInVT.com and JobsInRI.com local job sites, is projected at about $3 million. It said the deal would cut its 2006 profit by 5 cents per share, but then add to earnings by 2007.

Some more details in the release here

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