Yahoo Close to Newspaper Deal

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Rumored for some time, Yahoo! is apparently close to closing a deal with six newspaper groups. According the WSJ:

Yahoo Inc. is close to a deal with six major newspaper groups representing more than a hundred newspapers that would allow them to sell listings on Yahoo’s HotJobs online classified service, according to people familiar with the matter.

The pact, which could be announced as early as Monday, comes on the heels of an announcement from Google Inc. that it was linking up with more than 50 daily newspapers to sell ads in those papers through its Web site.

The Yahoo deal is designed to bolster HotJobs’ position in local markets around the country by using the newspapers’ local reach. Publishers teaming up with Yahoo are MediaNews Group Inc., Hearst Corp., Belo Corp., E.W. Scripps Co., Lee Enterprises Inc. and Cox Enterprises Inc., say people familiar with the matter.

Here’s more re the Google-Newspapers deal.


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