RAIN Summit East



Radio-centric online classifieds company gets estimated $80M pay day
·Feb 12, 11:06 AM
Posted by: Daniel McSwain

BY DANIEL MCSWAIN
Texas-based onTargetjobs has put down top dollar for two radio-centric advertising websites, according to a report from today’s Radio-Info.

Radio-Info publisher Tom Taylor says that the price tag for the purchase could be as high as $80 million .

The purchased sitesRegionalHelpWanted.com and Cupid.com — were owned by Eric Straus, who entered the online business in 1999. RegionalHelpWanted.com partners with local broadcast stations to design, build and maintain web sites throughout the country, aiming to capitalize on local help wanted advertising revenues.

Inside Radio calls the site “a service that… arm[s] local stations with the tools to battle newspapers for their lucrative classified business.”

OnTargetJobs says it “invests in leading niche Internet job sites, serving a defined vertical industry or job function”. They also noted, as reported by Inside Radio, that RegionalHelpWanted is working with “hundreds of radio stations throughout the U.S. and Canada” and is involved with over 350 “geographically focused Internet job boards.”

Previously, Citadel Broadcastingpartnered with RegionalHelpWanted.com to create an online classifieds system in conjunction with the broadcaster’s radio properties.

Read previous RAIN coverage of RegionalHelpWanted.com here.



share:  del.icio.us.  post this at del.icio.us  Reddit  post this at Reddit  Digg  post this at Digg  Yahoo   post this at Yahoo! my web  Wink   post this at Wink  Windows   post this at Windows Live  Google  post this at Google Bookmarks  Newsvine  post this at Newsvine

Comment

Textile Help

Blogroll
AccuRadio is powered by...
Conference schedules
Aug. 19-20 Bandwidth Music/Technology Conference: San Francisco, CA
Sept. 28 RAIN Summit East: Washington, D.C.
Sept. 29-Oct. 1 RAB/NAB Radio Show: Washington, D.C.







RAIN Summit East



Slipstream Radio!