Reston, Va., November 8, 2001 - CareerBuilder, Inc., announced today that it completed the acquisition of Headhunter.net, Inc. This powerful new combination creates the fastest-growing recruitment and career-advancement source for employers, recruiters and job seekers - in print and online.

"Today, CareerBuilder completed a key step in our drive to the No. 1 position in the online recruitment market," said Rob McGovern, chairman and CEO of CareerBuilder. "By combining the strengths of Headhunter and CareerBuilder, we're delivering unbeatable services to job seekers and employers."

Immediately, employer jobs from CareerBuilder and Headhunter will be available to job seekers on both sites - exposure to more than 300,000 continuously updated jobs, representing more than 25,000 of the top employers in virtually every industry and field. Employers will now reach, each month, more than 5.5 million of the most qualified professionals in the job market. In addition, employers will have access to 3 million active resumes. The CareerBuilder and Headhunter sites will be merged in the months ahead, bringing the best product and service features to employers and job seekers.

"We continue to raise the bar for quality recruiting and career services, making it easy for employers to reach the audiences they want and hire the talent they need," McGovern said. "CareerBuilder puts jobs in front of candidates, wherever they are - at home or at work - in print and online."

With this acquisition, CareerBuilder's job seeker audience grows 50 percent, making it one of the largest job seeking audiences on the Web. In partnership with Tribune Company (NYSE: TRB) and Knight Ridder Digital, a subsidiary of KnightRidder, Inc. (NYSE: KRI), CareerBuilder provides one of the most integrated print and online recruitment solutions in major markets throughout the United States, including CareerBuilder-branded help wanted sections reaching more than 25 million people every Sunday. With its newspaper partners, CareerBuilder provides more local jobs than any other recruitment solution. CareerBuilder also reaches a unique combination of national and niche audiences, including the Web's most visited portals, industry and diversity-focused sites - reaching more than 70 percent of the Internet population.

"We're pleased to seamlessly bring together - as the single source - the most respected names in recruitment," McGovern said. "There will be more exciting news and opportunities to announce in the coming months as CareerBuilder continues to accelerate to the top of the recruiting industry."
The acquisition was completed through Career Holdings, Inc., CareerBuilder's parent company. Career Holdings is principally owned by Tribune Company and Knight Ridder Digital.

About CareerBuilder Inc.
CareerBuilder is the recruiting source for connecting employers with the right talent and professionals with the right jobs - in print and online. CareerBuilder attracts candidates from more than 100 national, local and niche career sources, including Web portals Yahoo! Careers and USATODAY.com, and specialty sites such as Bloomberg.com, ComputerJobs.com, SiliconValley.com, iVillage.com and the American Hospital Association. In partnership with Tribune Company (NYSE:TRB) and KnightRidder Inc. (NYSE: KRI), CareerBuilder provides the most integrated print and online recruitment solutions available in major markets throughout the United States, including CareerBuilder-branded help wanted sections reaching more than 25 million people every Sunday. With the Chicago Tribune, Los Angeles Times, Newsday, The Miami Herald, The San Jose Mercury News, The Philadelphia Inquirer, as well as many other major metropolitan newspapers and local news and information sites throughout the country, CareerBuilder provides more local jobs than any other recruitment solution. For more information about CareerBuilder products and services, call 888.670.TEAM or visit CareerBuilder at www.careerbuilder.com.

About Knight Ridder, Inc.
Knight Ridder 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 8.5 million daily and 12.6 million Sunday. Knight Ridder also has investments in a variety of Internet and technology companies and two newsprint companies. The company's Internet operation, Knight Ridder Digital, creates and maintains a variety of online services, including Real Cities (www.RealCities.com), a national network of city and regional destination sites in 55 U.S. markets. Knight Ridder and Knight Ridder Digital are located in San Jose, Calif.

About The Tribune Company
Tribune is one of the country's premier media companies, operating businesses in broadcasting, publishing and on the Internet. It reaches more than 80 percent of U.S. households, and is the only media company with television stations, newspapers and Web sites in the nation's top three markets. Tribune media span 23 major-market television stations, including national superstation WGN-TV; 11 market-leading daily newspapers, including the Los Angeles Times, Chicago Tribune and Newsday; and news and information Web sites in 18 of the nation's top 30 markets.