Thursday, November 20, 2008

Time for McClatchy to start selling other digital assets? (updated)

Jeff Taylor says McClatchy should sell CareerBuilder.com and other non-news assets while they still have value. And the proceeds should be applied to reducing McClatchy's crushing debt.

McClatchy sold RealCities ad network in August. In July, McClatchy sold its share of ShopLocal.com to Gannett, at a loss.
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UPDATED: From comments, CareerBuilder might not be worth much:
Careerbuilder as a mega-site is quickly losing out to the specialty employment sites and professional social networking sites.
Related:
McClatchy real estate for sale
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3 comments:

Anonymous said...

Selling even the digital assets comes back to, "Who will buy them, today?" and "Why not wait til the B-court ordered fire sale?"

Careerbuilder as a mega-site is quickly losing out to the specialty employment sites and professional social networking sites.

Even McClatchy's digital assets are dying business models.

Anonymous said...

McClatchy made a basic error of hooking itself to a dying star, Yahoo. When they do these advertising and internet deals, why not pick a winner like Google. Yahoo is yesterday's news, it is finished. What they need to do is dump Weaver and hire someone with some knowledge of Internet trends.
Careerbuilder is an example of a poorly executed site. They tried to mirror the success of Monster.com, but failed because they don't know what the hell they are doing.

Anonymous said...

if weaver shaved his butt and stood on his head, would anyone notice the difference?