Tribune sells 10% stake in CareerBuilder to Gannett

Gannett Co. said Wednesday that it bought a 10 percent interest in CareerBuilder from Tribune Co. for $135 million, giving it a majority stake in the employment Web site. The deal bumps Gannett's interest in CareerBuilder up to 50.8 percent. Tribune now owns 30.8 percent of the Web site, with McClatchy Co.'s stake at 14.4 percent and Microsoft Corp.'s interest at 4 percent. The controlling interest gives Gannett, publisher of USA Today, three seats on CareerBuilder's six-seat board of directors. The other seats are held by Tribune, McClatchy and CareerBuilder.