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Monster: We'll Vie with Newspaper Classifieds

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Monster Worldwide Inc.'s chief executive Andrew McKelvey on Monday said "We're not going to grow in 2006 at the way we want by taking business away from our two online competitors, we've got to grow by taking business away from newspapers and getting people online," Reuters reports (via MediaBuyerPlanner). McKelvey affirmed the company's third-quarter revenue forecast - between $243 million and $249 million. While Careerbuilder.com (a joint venture between Knight Ridder, Tribune, and Gannett) and Hotjobs.com are Monster's main competition, McKelvey says the company's plan is to compete with the $4 billion U.S. newspaper classified industry.

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