Gannett lays off 1,000, spends $135 million on CareerBuilder
Gannett, the publisher of USA Today, said earlier this month it plans to cut 1,000 newspaper jobs. Probably not because of all those new potential customers, Gannett today announced its acquired another 10 percent of online jobs site CareerBuilder from Tribune for $135 million, raising its stake to a controlling interest of 50.8 percent. Tribune, which used to be an equal partner with Gannett, now owns 30.8 percent of CareerBuilder. McClatchy, which is also a member of Yahoo's HotJobs newspaper consortium, owns 14.4 percent. Microsoft owns 4 percent.