• September 4, 2008

Gannett has acquired an additional 10% stake in CareerBuilder from the Tribune Co. for $135 million. The acquisition gives Gannett a 50.8% controlling interest in CareerBuilder, an online job site.

Tribune now owns 30.8% of CareerBuilder; The McClatchy Company (NYSE: MNI) continues to own 14.4%; and Microsoft continues to own 4%.

Under the new ownership agreement, Gannett has three seats on the six-seat CareerBuilder board of directors. Tribune and McClatchy have one seat each, and the chief executive officer of CareerBuilder has one seat.--Tanya Irwin