AOL junks Monster.com
Cosies up to CareerBuilder.com
AOL is ditching Monster.com as its job board supplier. The new incumbent, CareerBuilder.com, is paying up to $115m over four years with a mixture of guaranteed and performance-related payments.
CareerBuilder's tenure on AOL's online properties starts in December 2003. The company is a subsidiary of three big US newspaper groups, Gannett, Knight Ridder and Tribune.
Monster signed a four-year deal with AOL in 1999, at the timesaid to be worth $100m. So here is a rare case of a new deal struck by AOL which could be worth more than the top dollar gigs signed up in the dotcom bubble years.
Of course, Monster knows how much AOL is worth to its business, and judging from today's outcome, it sure as hell doesn't tot up to $115m. ®