Trinity Mirror continues web push with Financial jobs buyout

Dominic Ponsford
 
Britain’s biggest newspaper publisher Trinity Mirror has continued its online expansion by buying Financial Jobs Online Limited.
 
It follows the company’s purchase of house-buying
website Smartnewhomes.com last month and expansion of its in-house web
activities. According to Trinity Mirror, the recruitment website
will now “benefit from the full cross-promotional power of the Group’s
portfolio of newspapers and its growing online network”.
 
Company chief executive Sly Bailey said: “Digital
is a key driver of our growth strategy and recruitment is an important
pillar of our advertising revenue, which makes GAAPweb a perfect fit
for Trinity Mirror.
 
“Our strategy is a careful mix of organic and
M&A [merger and acquisition] opportunities which so far this year
has seen the launch of 17 new magazines, newspapers and online services
and two important acquisitions.”
 
Trinity
Mirror is paying £10.45 million for the site with another £2.6 million
of the price tag dependent on earnings. The company paid £16.6 million
for Smartnewhomes.com.
 
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