Fox Interactive Media has invested $3.5 million in job search site SimplyHired.com and will display its job listings in the MySpace classifieds section.
Classified Intelligence said.
"Classified revenue overall is important to News Corp., and looking at ways to participate in those revenue streams in a meaningful way is important to us, especially as those revenue streams move online," Julie Henderson, Fox Interactive SVP of corporate communications, said in the report. "I think our investment in SimplyHired underscores that strategy and is one step in that direction."
Fox Interactive Media president Ross Levinsohn had expressed his desire to bring classifieds and MySpace together at the end of February. The potential for earning a promising return on classifieds was echoed by SimplyHired CEO Gautam Godhwani in a SiliconBeat Del.icio.us") | Yahoo! My Web |
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MySpace To Show SimplyHired Listings
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