Blog Post

Monster Buys Half of News Corp-Owned Australian Job Site CareerOne

Monster Worldwide (NSDQ: MNST), parent company of Monster, has bought a 50 percent stake in CareerOne, one of the biggest jobs sites in Australia. CareerOne is part of News Limited, the news media arm of News Corp (NYSE: NWS). With this deal, the two companies will offer joint online and print recruitment services as part of News Limited’s 140-newspaper portfolio. The JV will initially carry the CareerOne and Monster brands, and the organization will continue to operate from Sydney. This deal is in keeping with Monster’s urgent efforts to expand beyond its declining business and deepening recession in U.S. More details here.