The McClatchy Co. said it resolved outstanding issues related to its affiliate agreement with CareerBuilder and will continue with its 14.4 percent ownership stake in the online job site.
McClatchy gained a 33 percent stake in CareerBuilder with its acquisition of Knight-Ridder Inc. in June 2006, and in August 2006 sold 18.3 percent of the interest it acquired to Gannett and Tribune.
At that time, McClatchy entered into an affiliate agreement with CareerBuilder that limited the number of products McClatchy’s newspapers could sell compared to the former KRI affiliate agreement and the Gannett and Tribune affiliate agreements.
Earlier this year, McClatchy began talks with Gannett and Tribune to renegotiate the affiliate agreement to be more equitable for its newspapers. Those talks have been successfully completed.
Details of the affiliate agreement were not disclosed.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment