By: Staff Reports

Professional Exchange Joins the New York Fold

The New York Times Co. Wednesday announced it has acquired The Professional Exchange LLC (PE), a national career fair company. Terms of the deal were not disclosed.

PE, based in Virginia Beach, Va., produces around 80 recruiting events a year, specializing in technical, health/science, and general events.

“The acquisition of PE is a timely and strategic fit as we build our job fair and recruitment business to meet the high demands of companies today,” said Jyll Holzman, senior vice president of advertising at the Times, in a press release. “With PE, we are able to offer companies a fully integrated recruitment solution through a comprehensive on-site, print, and online approach to hiring.”

“In alignment with the overall national strategy for The New York Times newspaper, the acquisition of PE allows the Times, The Boston Globe and other New York Times Co. operating groups to extend our recruitment products to a national audience,” said Janet Robinson, president and general manager of the newspaper.

The Boston Globe, a New York Times Co. subsidiary, has been working with PE since 1998. In 2000, the Globe hired PE to handle all 10 of the newspaper’s career events.

The company revealed its plans for local recruitment when it launched BostonWorks.com earlier this month. New York should soon be getting its own local recruitment site, according to Jason Krebs, general manager of NewYorkToday.com.

Copyright 2000, Editor & Publisher.

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