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Exhibit (a)(1)(J)
TRIBUNE AND KNIGHTRIDDER.COM COMPLETE
TENDER OFFER FOR CAREERBUILDER
CHICAGO, Tues., Aug. 22, 2000 -- Career Holdings, Inc., a newly formed company
jointly controlled by Tribune Company and KnightRidder.com, Inc., announced
today that a Career Holdings subsidiary has accepted for purchase 23,415,389
shares in connection with its cash tender offer for all of the outstanding
shares of CareerBuilder common stock at $8 per share. The tender offer expired
at 12:00 midnight (EST) on Mon., August 21.
The shares accepted for purchase represent approximately 98 percent of the
outstanding shares of CareerBuilder common stock. It is expected that the
Career Holdings subsidiary will be merged with and into CareerBuilder with each
share of CareerBuilder not purchased in the offer being converted into the right
to receive $8.00 in cash, the same price per share paid in the offer.
Tribune and KnightRidder.com expect the previously announced integration of
CareerBuilder and CareerPath to be completed in the fourth quarter of 2000.
CareerBuilder, Inc. (Nasdaq: CBDR) is the leading provider of targeted online
recruiting, attracting three million unique visitors to the CareerBuilder
Network. CareerBuilder's trademark technology, including its Mega Job
Search/SM/, provides one-stop shopping for all candidates' career needs. Only
through the CareerBuilder Network can employers target both active and passive
job seekers through 30 of the Web's most popular brands including MSN,
Bloomberg, USA TODAY, NBC, Ticketmaster Online-CitySearch and its flagship
career center, careerbuilder.com. Employer customers include AT&T, AOL, Merrill
Lynch, Ernst & Young and EDS. CareerBuilder is located in Reston, Virginia,
with offices nationwide. Visit CareerBuilder today at
http://www.careerbuilder.com.
CareerBuilder is a registered trademark of CareerBuilder, Inc. Mega Job Search,
and "my careerbuilder" are service marks of CareerBuilder, Inc. All other
trademarks mentioned in this document are the property of their respective
owners.
Knight Ridder (NYSE: KRI) is the nation's second-largest newspaper publisher,
with products in print and online. The company publishes 32 daily newspapers in
28 U.S. markets, with a readership of 8.7 million daily and 12.9 million Sunday.
Knight Ridder also has investments in a variety of Internet and technology
companies and two newsprint companies. KnightRidder.com, its Internet
subsidiary, manages the company's Internet operations. These include a variety
of online services, among them Real Cities, a national network of local and
regional Web sites. Real Cities services include news, classified ads,
entertainment, shopping, search, community publishing, Internet access and
archives. The network comprises 28 KnightRidder.com regional Web sites
including content from 31 Knight Ridder owned newspapers. In addition the
network includes 5 non-Knight Ridder partners enabling it to cover 36 U.S.
markets. Both Knight Ridder and KnightRidder.com are headquartered in San Jose,
Calif.
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Tribune (NYSE: TRB) is a leading multimedia company with businesses in 23 major
U.S. markets, including 18 of the top 30. Through its television and radio
broadcasting, publishing and interactive operations, Tribune reaches nearly 80
percent of U.S. households daily. Tribune Interactive operates leading
interactive news and information sites in major markets across the United States
and ranks among the top 25 news/information/entertainment networks in the United
States. Tribune Ventures is an industry leader in venture partnerships with new
media and technology companies. Tribune has $6 billion in revenues and more
than 30,000 employees. A Fortune 500 company in 2000, Tribune, for the third
straight year, ranked No. 1 among its industry peers in Fortune magazine's list
of most admired companies in America.
MEDIA CONTACTS:
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Rashmi Turner Cynthia Funnell Diane Strahan or Barry Lawrence,
Tribune Company KnightRidder.com CareerBuilder
(312) 527-8787 (office) (408) 938-6076 (office) (703) 259-5750/5793
(312) 222-5761 (fax) (408) 938-6098 (fax) [email protected]
[email protected] [email protected] [email protected]
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