Diggings

A blog by Toby Dayton

Category

Archive for the 'Media & Job Board VC/M&A Deals' Category

Jobster, Running Out Of Cash, Seeks To Raise Another Round Of Capital

According to ERE, Jobster has burned through most of the $48 million it raised a few years ago and is out trying to raise another round of capital. The Seattle-based company, which garnered tons of attention thanks to dysfunctional, egomaniacal CEO Jason Goldberg (who is now running a  new start-up SocialMedian), is under new management. [...]

Bids For The Weather Channel Due Next Week…

As I wrote about recently, Landmark Communications is putting the Weather Channel (as well as the Employment Guide) up for sale. Bids for the Weather Channel are due next week. Tags: Landmark Communications, The Weather Channel, The Employment Guide, The Guide Is For Sale

RegionalHelpWanted Sold For 4x Sales, 16xEBITDA

RegionalHelpWanted (RHW) was sold to OnTargetJobs, a Texas-based company that operates a handful of niche job boards. OnTargetJobs, backed by private equity firm Warburg Pincus, reportedly paid $100 million for RHW. Some blog posts state that RHW did about $35 million in sales last year, but the number was probably closer to $25 million. (We [...]

Looks Like Jobing.com Will Buy Anything…

Phoenix-based Jobing.com has acquired WorkMetro, a job board that operates 22 local job boards, mostly in the East Coast. WorkMetro was funded by Bessemer Venture Partners and Jafco Ventures who had invested an undisclosed amount of capital in a first round investment in 2006. Terms of the sale to Jobing were not disclosed, but it [...]

SnagAJob Raises $5M Series B

SnagAJob.com, a Glen Allen, Va.-based online job site for part-time and full-time hourly recruitment, has raised $5 million in Series B funding, according to a regulatory filing. Return backers include Adams Street Partners, Baird Venture Partners and C&B Capital. The company raised a $9 million Series A round in 2006. Tags: SnagAJob, Adams Street Partners, [...]

Standout Jobs Raises $2M; Launches Site Today

Montreal-based Standout Jobs announced that it has raised $2M from INovia Capital and is launching its site today. Standout Jobs helps clients build corporate recruiting sections for their company web site. The service costs $149 per month. The functionality included in the templates (that I assume companies can customize) includes job postings, blogs, photos, employee [...]

If You Can’t Beat ‘Em, Buy ‘Em

The New York Times and a group of venture/private equity firms, including Polaris Venture Partners, True Ventures, and Radar have invested $29.5 million in Automattic, the commercial arm of the popular blog platform WordPress. The New York Times’ stake is reportedly the smallest in this new round, and the other 3 firms invested $1.1 million [...]

Monster Acquires Vertical Site Developer Affinity Labs

Monster paid $61 million in cash for San Francisco-based Affinity Labs, a company that develops vertical-specific online communities such as policelink.com and nursinglink.com. Affinity Labs was founded by Christopher Michel, who had also founded military.com which Monster acquired in 2004. The acquisition would appear to deliver a decent return for Mayfield and Trinity Ventures who [...]

Deal Activity In Recruiting & Media Space Still Frothy

I left a comment this morning on one of Cheezhead’s posts, commenting about whether or not Edgeio’s demise was unique to their business or indicative of what’s to come in 2008 in the online recruiting space. While I think Edgeio had their own issues that created significant problems for them (detailed here), I also think [...]

Jobing Buys LocalCareers.com; Milwaukee Journal Sentinel Partners With Monster

Another daily paper has thrown in the towel and completely ceded its employment classified business to Monster. The Milwaukee Journal Sentinel has apparently decided it cannot possibly manage this portion of its business, so it has outsourced its job classifieds to Monster. As has been discussed before (here and here), I cannot imagine what would [...]