AOL Partners With CareerBuilder.com

NEW YORK AOL Time Warner’s America Online has struck a four-year strategic alliance with CareerBuilder.com, valued at up to $115 million.

Under the terms, CareerBuilder.com will power the Careers and Jobs areas of several AOL brands. The online job market also will be promoted across many AOL sibling properties, including Time Inc. Web sites and CNN.com.

The agreement, which begins in December, involves a combination of performance-based elements and guaranteed payments.

The deal will give AOL, CompuServe and Netscape users access to CareerBuilder.com’s 400,000 updated job postings, which are pulled from online and offline newspapers nationwide through the Chicago-based company’s ties to Gannett Co., Tribune Co, and Knight Ridder. AOL members will also be able to use online products, such as a personal search agent that hunts for job opportunities in expressed areas of interest and automatically e-mails them to the job seekers.

One of AOL’s rivals, Yahoo!, in February 2002 bought HotJobs.com, an acquisition that has contributed to the Web portal’s efforts to diversify its revenue streams. In Q2, for instance, year-over-year revenue for Sunnyvale, Calif.-based AOL’s listings services grew 29 percent to $32.3 million, driven in large part by incremental revenue from the jobs site.