MSN®, the world's leading online destination, and CareerBuilder.com, the smarter recruitment resource for finding better candidates and jobs, today announced a five-year strategic business relationship. The alliance will connect millions of job seekers with more than 400,000 continuously updated job postings from 25,000 of the nation's top employers. The agreement, scheduled to start in January 2004 and valued at up to $150 million over a five-year term, will make CareerBuilder.com the exclusive content provider to the MSN Careers channel in the United States. Designed with a performance-based structure, the agreement will bring more high-quality job seekers to prospective employers by combining the vast consumer reach of MSN with CareerBuilder.com's wide network of national, local, industry and niche audiences.

"MSN leads the industry by offering top services and content to consumers in popular areas such as news and sports through our strong relationships with industry leaders," said Yusuf Mehdi, corporate vice president of the MSN Personal Services and Business division. "We're pleased to be CareerBuilder.com's most significant business partner and look forward to delivering a wonderful service to our consumers that is mutually beneficial to both companies." "MSN has a huge audience and a proven ability to generate performance and revenue for its business partners," said Bob Montgomery, chief executive officer of CareerBuilder.com. "Looking ahead, we see our relationship with MSN as the best opportunity to significantly increase our traffic and our overall business through its distribution and online services. We're thrilled to deliver our leading recruitment and job searching services to the millions of consumers who visit MSN every day."