Exhibit (a)(5)(I)
For Immediate Release
CAREER HOLDINGS, INC., EXTENDS TENDER OFFER
FOR HEADHUNTER.NET, INC.
Reston, Va., Wednesday, October 24, 2001 - Career Holdings, Inc., today said
that it has extended the expiration date of its tender offer for HeadHunter.Net,
Inc. (NASDAQ: HHNT), to 5:00 p.m., New York City time, on Tuesday, October 30,
2001. The tender offer was previously scheduled to expire at 5:00 p.m., New York
City time, on Tuesday, October 23, 2001. The tender offer period has been
extended because the applicable waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act has not yet expired or been terminated.
On August 31, 2001, CB Merger Sub, Inc., a wholly owned subsidiary of Career
Holdings, commenced its previously announced tender offer for all of the shares
of common stock of Headhunter at $9.25 per share, net to the seller, in cash.
Career Holdings is the parent of CareerBuilder, Inc., and is principally owned
by Tribune Company (NYSE: TRB) and Knight Ridder Digital, a subsidiary of
Knight-Ridder, Inc. (NYSE: KRI). As a consequence of the extension of the
expiration date of the tender offer, holders of Headhunter common stock may
tender or withdraw shares until 5:00 p.m., New York City time, on Tuesday,
October 30, 2001, unless the tender offer period is further extended.
The Headhunter tender offer is being made pursuant to a merger agreement dated
August 24, 2001, among Headhunter, Career Holdings and CB Merger Sub. On
September 17, 2001, the Federal Trade Commission requested additional
information and documents pursuant to the Hart-Scott-Rodino Antitrust
Improvements Act, which extended the waiting period under the Act until 11:59
p.m., Eastern time, on the tenth calendar day after the date of substantial
compliance with the request unless the Federal Trade Commission decides to
terminate the waiting period earlier. The expiration or termination of this
waiting period and satisfaction or waiver (if applicable) of other conditions
are required to complete the tender offer.
American Stock Transfer & Trust Company, the depositary for the tender offer,
has advised Career Holdings that as of 5:00 p.m. New York City time, on October
23, 2001, approximately 19,910,791 shares of Headhunter common stock (including
guaranteed deliveries), representing approximately 97% of the Headhunter shares
currently outstanding were validly tendered and not withdrawn pursuant to the
tender offer. Georgeson Shareholder Communications Inc. is the information
agent.
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This news release does not constitute an offer to purchase or a solicitation of
an offer to sell any securities. The complete terms and conditions of the tender
offer are set forth in an offer to purchase and related letter of transmittal,
which are included in a tender offer statement filed by Career Holdings, CB
Merger Sub, Knight Ridder Digital and Tribune Company with the Securities and
Exchange Commission. Headhunter has filed a solicitation/recommendation
statement with respect to the tender offer. The offer to purchase, letter of
transmittal and solicitation/recommendation statement were mailed to Headhunter
shareholders. The tender offer statement (including the offer to purchase,
letter of transmittal and related documents) and the
solicitation/recommendation statement are also available for free on the
Commission's Web site at http://www.sec.gov.
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None of Career Holdings, Headhunter, Tribune or Knight Ridder is responsible for
updating the information contained in this press release beyond the published
date, nor for changes made to this document by wire services or Internet service
providers.
About CareerBuilder, Inc.
CareerBuilder is the leading provider of targeted Web recruiting. Through the
CareerBuilder Network, employers can post jobs to pinpoint exactly the right
candidates by location, industry or diversity. Job seekers can instantly search
the Internet's best career sites, in just a couple of clicks. CareerBuilder also
provides personalized career services and advice. The CareerBuilder Network is
the most powerful career network on the Web, including careerbuilder.com - the
flagship career center - and the career centers of premier destination sites
including MSN, Bloomberg.com, iVillage.com and latimes.com, Philly.com,
chicagotribune.com and BayArea.com.
About HeadHunter.NET, Inc.
Headhunter, a leading national online recruiting and job awareness network,
empowers candidates and corporations to manage the job search process. The site
features more than two million resumes and jobs representing 10,000 of the
nation's top employers across virtually every industry. Attracting more than
eight million job seeker visits a month, Headhunter distinguishes itself by
providing job seekers privacy when searching and applying for jobs, and allows
job seekers and job posters to manage and track the visibility and performance
of their listings. Headhunter is based in Atlanta, Georgia, with offices
nationwide.
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 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.
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MEDIA CONTACTS: INVESTOR CONTACTS:
Christine Hennessey, Tribune Co. Ruthellyn Musil, Tribune Co.
chennessey@tribune.com rmusil@tribune.com
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312/222-4850 (Office) 312/222-3787
312/222-1573 (Fax) 312/222-1573
Cynthia Funnell, Knight Ridder Digital Polk Laffoon, Knight-Ridder, Inc.
cfunnell@knightridder.com plaffoon@knightridder.com
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408/938-6076 (Office) 408/938-7838 (Office)
408/938-6080 (Fax) 408/938-7813 (Fax)
Barry Lawrence, CareerBuilder, Inc. Gil Fuqua, HeadHunter.net, Inc.
Barry.Lawrence@careerbuilder.com gfuqua@corpcomminc.com
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703/259-5793 (Office) 615/254-3376 (Office)
703/259-5785 (Fax)
Craig Stamm, HeadHunter.net, Inc.
Craig.stamm@headhunter.net
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770/349-2480 (Office)
770/349-2931 (Fax)
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