Microsoft buys small stake in CareerBuilder

Microsoft is buying a four percent stake in CareerBuilder, the job site that’s owned by Tribune (40.8 percent), Gannett (40.8 percent) and McClatchy (14.4 percent). CareerBuilder powers MSN Careers. “Our strategic business relationship with MSN played a major part in CareerBuilder taking over as the industry leader in 2006, helping to drive critical levels of job-search traffic,” CareerBuilder Chief Executive Matt Ferguson said in a statement. “Microsoft’s equity stake builds on this successful relationship and establishes a global alliance with one of the world’s most ubiquitous technology powerhouses.”