The Tribune bankruptcy might cause a major shake up in the Internet Recruiting market.
Tribune Co. is a 40% owner of CareerBuilder.
Chapter 11 bankruptcy, means the creditors, owners, and a judge have to sort out the debts, and where the money is going to come from.
One possibility is a sale of Tribune's share in CareerBuilder.
Who would buy? Good question. Microsoft could be a buyer. They already own 4% of Careerbuilder. They also have cash, which is what Tribune needs.
I think this has major implications from the next 36 months in the recruiting space.
If CareerBuilder stalls out, who will take the market share?
are other PPC vendors, like TopUSAJobs
, and GOJobs.com
are likely winners.
Will Monster win any marketshare back?
What would happen if Tribune doesn't sell, but instead starts choking CareerBuilder for its cash?
I wrote a post on my blog.
I'd love to read your feedback and comments: CareerBuilder for sale?