Gannett gains controlling stake in CareerBuilder

Published on .

McLean, Va.—Gannett Co. announced that it has acquired an additional 10% stake in CareerBuilder from Tribune Co. for $135 million. The acquisition gives Gannett a 50.8% controlling interest in the online job site. Tribune now owns 30.8% of CareerBuilder. McClatchy Co. owns 14.4%, and Microsoft Corp., 4%.

“CareerBuilder is a terrific company, with great growth potential that just keeps delivering more for Gannett and our partners,” Craig Dubow, Gannett’s chairman, president and CEO, said in a statement.

Most Popular
In this article: