Today,Yahoo! and 12 leading U.S. newspaper companies announced a formal agreement to use Yahoo! as their exclusive paid search partner, and bring local newspaper content to 150 MM U.S. visitors per month.
The latest addition to the consortium is the McClatchy Company, making it the 12th member of the newspaper publishing group. This group represents more than 264 newspapers across 44 states.
The McClatchy Company is among the latest newspaper groups to join the consortium, currently participating in all aspects except the HotJobs component. Other new members since November 2006 include Calkins Media, Inc.; Media General, Inc.; Morris Communications Company, LLC; and Paddock Publications, Inc.
Consortium members announced last November include: Belo Corp.; Cox Newspapers; The E.W. Scripps Company; Hearst Newspapers; Journal Register Company; Lee Enterprises; and MediaNews Group, Inc.
The newspapers in this consortium include major market dailies such as the Atlanta Journal-Constitution, The Commercial Appeal (Memphis), The Dallas Morning News, The Denver Post, The Florida Times-Union, Houston Chronicle, The Miami Herald, New Haven Register, Rocky Mountain News, St. Louis Post-Dispatch, The Sacramento Bee, San Francisco Chronicle, San Jose Mercury-News and The Tampa Tribune.
Key points of the partnership from the official release:
-- Enhancing newspaper online advertising revenue using Yahoo!'s graphical advertising technology. For more than a decade, Yahoo! has been a leader in online graphical advertising. Advertisers and newspapers will be using Yahoo!'s sophisticated ad-serving, targeting and inventory management capabilities. This strategic alliance creates the newspaper industry's most comprehensive and integrated online advertising network.
-- Leveraging leading local and national online sales forces. This relationship creates an all-in-one buying opportunity for local advertisers, allowing newspaper sales representatives to offer the combined aggregated reach of local newspaper and local Yahoo! online audiences. Yahoo!'s sales force may sell newspaper inventory to their portfolio of national advertisers and newspapers' sales forces can sell Yahoo!'s local online inventory to local advertisers.
-- Integrating Yahoo!'s paid search technology across newspaper sites. Yahoo!'s search functionality will be deployed across hundreds of newspaper Web sites and exposed to more than 50 million users on a monthly basis. Additionally, users will benefit from having access to a customized Yahoo! toolbar which will be distributed on local newspaper Web sites, providing newspaper Web site users with easy access to the most comprehensive Internet search.
-- Distributing high-quality newspaper content broadly across the Yahoo! Network. Newspaper content will be fully integrated within local news modules and delivered to Yahoo! users interested in local news, sports, finance and other content in Yahoo! vertical areas. This will give readers superior local content developed by credible news professionals and community contributors across the country. Additionally, this strategic partnership paves the way for mobile distribution of newspaper content.