Just when the frenzy of inter-media partnerships between job
boards and newspapers seemed to be slowing, Monster Worldwide and the New York
Times Co. revealed a new strategic alliance.
Under the deal, announced Wednesday, February 14, Monster and
NYT in March will launch co-branded sites for 19 of the publishing giant’s
newspaper Web sites, including The New York Times, The Boston Globe, the Worcester Telegram & Gazette and
other newspapers in the Southeast and California. Terms of the agreement were not
disclosed.
“This new relationship between Monster and the New York Times
Co. combines two world-class brands to jointly deliver greater value for both
career-seeking consumers and for employers seeking talent,” said William
Pastore, president and CEO of Monster Worldwide.
The New York Times Co. is part of a consortium of companies
that in 2005 invested $5 million in job aggregator Indeed.com, which provides
job search capabilities for several of NYT’s media properties, including
Boston.com and the New York Times Job Market. Paul Forster, CEO of Stamford,
Connecticut-based Indeed.com, says he expects the firm to continue offering
search capabilities for some NYT properties.
Monster has pursued a strategy to soften its big-brand name
by partnering with newspapers that offer a local flavor and provide more
targeted online content to clients. Monster has created alliances with a variety
of media companies, gaining access to 60 daily newspapers and eight television
properties throughout the country.
The alliance with NYT is slated to become a market force in
many of the regions where the co-branded sites will be launched, according to
Monster. The NYT newspapers hold leading positions in their markets, and Monster
has a well-established brand presence, according to the job board.
—Gina Ruiz