NY Times Invests in Jobs Search Engine

Share this article:
Newspaper publisher New York Times Co. partnered with two other firms to invest $5 million in Indeed Inc., a search engine that lets users search job listings from more than 1,000 Web sites.


The Times, along with Union Square Ventures and Allen & Company LLC, will take a minority interest in Indeed. The booming online jobs category, dominated by Monster.com and Yahoo's HotJobs, has hurt classifieds revenue at most newspapers nationwide.


The site at www.indeed.com adds 110,000 jobs daily from online sources like company Web pages, large and niche job boards, national and regional newspapers and associations.


The Times owns sites like www.nytimes.com, www.boston.com and www.about.com. More than 31 million users monthly visit the company's 38 Web sites.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

Hallmark Takes Baby Steps to a New Brand

Hallmark Takes Baby Steps to a New Brand

The company relied on digital to get its growing children's apparel brand off of the ground.

One Third of Americans' Social Media Time Is Spent on Facebook

One Third of Americans' Social Media Time Is ...

Pandora, meanwhile, attracts more user time but far fewer digital advertisng dollars, says a study.

News Corp. Chief Brands Google an 'Unaccountable Bureaucracy'

News Corp. Chief Brands Google an 'Unaccountable Bureaucracy'

Robert Thomson warns the EU that an antitrust deal with Google will lead to a decrease in competitive options for marketers and an increase in piracy.