Monster Losing Share to CareerBuilder (GCI, MNST, KRI, TRB)
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Monster Online seems to be losing market share. First we saw the Internet traffic data, and now there's this comment by SVP Hilary Schneider on Knight Ridder's conference call (full transcript here). Note: CareerBuilder is owned by Gannet, Knight Ridder and Tribune.
The CareerBuilder network recorded revenue of 133.5 million in the fourth quarter of '05, an increase of 67% over the fourth quarter of '04. For the year, CareerBuilder network revenue totaled 495 million, an increase of 75% over'05. CareerBuilder's traffic averaged 15.3 million unique visitors in Q4 '05, ranking it first in career related traffic, according to Media Metrix. CareerBuilder maintained its leadership over Monster in both audience and job listings in the fourth quarter of '05. Overall, we are very pleased with these results...
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