If deals earlier this year weren’t enough to illuminate the
growing alliance between job boards and major media outlets, a flurry of pacts
in November made it clear that the Big Three find newspaper groups a valuable
ally.
Yahoo HotJobs was first up last month when it announced it
was joining forces with a consortium of seven national publishing giants to
allow the distribution of classified advertisements online and across 38 states
through a network of 176 newspapers. Under the agreement announced November 20,
HotJobs will power co-branded career sites for print partners Hearst Newspapers,
Belo Corp., Cox Newspapers Inc., Journal Register Co., Lee Enterprises Inc.,
MediaNews Group and E.W. Scripps Co.
Monster made a smaller splash when it partnered seven days
later with Irvine, California-based Freedom Communications, a privately held
company that owns more than 70 media properties.
That agreement created co-branded online recruitment sites
for 36 of Freedom’s newspapers, which include The Orange County Register, and eight
television stations. It’s the first deal between a job board and a media company
that encompasses television properties, says Michael Mathieu, president of
Freedom Interactive.
Hackensack, New
Jersey. The alliance will give Monster access to
northern New Jersey, northern Pennsylvania and Hawaii through such publications as The Bergen Record, the Wilkes-Barre Times Leader and the Honolulu Star-Bulletin.
Monster and HotJobs are pursuing parallel strategies in
partnering with media outlets, but their motivation for securing these alliances
differs significantly, according to job board experts.
HotJobs hopes its inter-media partnership will give it a
much-needed shot in the arm. In spite of parent Yahoo’s tremendous Web audience,
HotJobs had been a distant third in the job board industry.
HotJobs anticipates that combining its job listings with
those of its print partners will enable it to secure leading market positions in
20 of the country’s top 25 markets, according to Daniel Finnigan, senior vice
president at the job board.
Meanwhile, Monster is making a concerted effort to reach out
to media outlets to help give its brand a personal touch across small markets,
according to Doug Klinger, Monster North America president. The job board began
its local strategy in July through a partnership with Philadelphia Media
Holdings, which owns The Philadelphia Inquirer, the Philadelphia Daily News and
Philly
.com. It now has media alliances with 43 daily newspapers and eight
television properties. The co-branded sites will be launched beginning this
month and continue into early 2007.
In spite of the moves by HotJobs and Monster, CareerBuilder
expects to hold on to its slim lead in market share, following a deal November
16 with Lycos Canada, a general interest site with some 5 million users in
Canada, roughly 25 percent of the country’s Web audience. CareerBuilder has been
pushing into the international arena as a way to be more competitive and
diversify beyond its traditional network of newspaper partners.
Time will tell whether the inter-media partnerships will
change the job board industry’s landscape. According to Corzen, a New York
City-based statistical data provider in the recruitment industry, CareerBuilder
maintains its market-share lead with 39 percent. Monster has 37 percent, while
HotJobs has 25 percent.
Market share, of course, is only one measure of success, says
Peter Zollman, founding principal of consulting firm Classified Intelligence.
“Producing results for advertisers is what’s important,” he says. “If a
recruiter is not satisfied with an outcome, he simply won’t return to the job
board.”
—Gina Ruiz