Newspapers To Team Up With Yahoo To Create An Online Classifieds Network

Reuters reports on a Business Week article that shows how a "loose consortium of newspaper publishers" are in discussions with Yahoo's HotJobs to build an online classifieds network. For Yahoo, this can help increase the popularity of HotJobs and for the newspapers, it can help them drive more ad dollars, but this time, online ad dollars.

Quote from the Business Week article that shows the importance on the newspaper side;

Newspaper companies would build a network within what is one of the Web's top destinations and win a crucial concession in today's search-engine economy: getting a cut of the ads sold around search results of their content. It's a sore spot for publishers that this doesn't happen now.