CBS takes stake in jobs.com

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CBS Corp., adding to its Internet portfolio, acquired a 38% equity stake in jobs.com, an online resource for posting job opportunities. In exchange, jobs.com will receive $62 million in advertising and promotion over five years across CBS's media properties, including TV, radio and outdoor. CBS will hold two seats on jobs.com's board of directors.

Copyright August 1999, Crain Communications Inc.

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