Gannett reports strong growth at CareerBuilder

Gannett Co., Inc., an international media and marketing solutions company, said in its third quarter financial results released on Friday that digital revenues grew 10% in part due to CareerBuilder, a job board that Gannett owns.

“We closed the revenue gap this quarter with sequential improvement in publishing revenues as well as substantially higher broadcasting and digital revenues despite increased economic uncertainty,” said Craig A. Dubow, chairman and chief executive officer of Gannett.

He continued, “Digital segment revenues were propelled by strong growth at PointRoll and CareerBuilder. Our publishing segment saw continued sequential improvement in both year-over-year comparisons as well as two-year comparisons.”

Gannett reports that its digital operating revenues totaled $157.7 million compared to $143.0 million in the third quarter last year. The 10.3 percent increase reflects very high single-digit revenue growth at CareerBuilder, the company said.

In terms of traffic, CareerBuilder remains a big numbers draw. Gannett said that CareerBuilder’s unique visitors in September totaled 22.3 million.

In September 2008, Gannett announced it had acquired an additional 10 percent stake in CareerBuilder from Tribune for $135 million. The acquisition gave Gannett a 50.8 percent controlling interest in CareerBuilder, one of the largest online job sites.


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