News Corp set to sell out of CareerOne after striking agreement with Seek

Miranda Ward

June 29, 2016 12:32

News Corp looks set to sell its remaining stake in job site CareerOne after penning a commercial agreement with rival Seek.

The publisher, which owns The Australian and The Daily Telegraph and has a majority stake in REA Group, confirmed to Mumbrella that it will be “exiting the relationship with CareerOne”, but would not confirm if this meant it would be looking to sell its 25% share.

News Corp launched CareerOne in 1999 in a bid to grab classified ad dollars which were moving from print to online, but the site failed to fire and was overtaken by nimbler rivals such as Seek. In 2008 News entered into a joint-venture with Monster Worldwide to offer combined online and print recruitment services through the CareerOne brand.

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Miranda Ward

Miranda Ward worked for Mumbrella from 2013 to 2017, eventually becoming deputy editor. Miranda joined Mumbrella in September 2013 from Sky News.