Gannett, McClatchy and Tribune Renegotiate Vertical Ownership

No time to opine at the moment, but here’s the news:

The McClatchy Company and Tribune Company today announced an agreement concerning their ownership stakes in, the nation’s largest online classified recruitment site, and two other online businesses, and Under the agreement, Gannett and Tribune will increase each of their equity stakes in CareerBuilder and to 42.5%, and in to 31.9%.

McClatchy will receive a total of approximately $310 million in the transaction and will retain a 15% stake in CareerBuilder and, and an 11.25% stake in McClatchy’s newspapers will become affiliated with each online business.

And more interestingly, the valuations:

The agreement values CareerBuilder at $1.55 billion, at $85 million and at $72 million.


One Response to “Gannett, McClatchy and Tribune Renegotiate Vertical Ownership”

  1. Bronte Media » Highway Robbery at Careerbuilder Says:

    […] Greg Sterling reports on the transaction involving McClatchey and Gannett and Tribune that sees the later two upping their stake in Careerbuilder, Topix and Shoplocal at the expense of the former. […]

Comments are closed.

%d bloggers like this: