Monster Revenues Fall Nine Percent; Sale of Company Rumored

May 3, 2013 – Monster Worldwide, Inc./(NYSE:MWW) has posted revenues of $212 million for the first quarter ended March 31, 2013, a drop of nine percent compared with $233.8 million in the comparable quarter of 2012. During the quarter, the company reported net income of $5 million, or four cents per share, compared to $3.7 million, or three cents per share, in the same period a year ago. Monster said that its board authorized a $200 million stock buyback program over the next two years; sources close to the company say Monster is in discussions about the possible sale of the company or another alternative. Sal Iannuzzi, chairman, president and chief executive officer of Monster Worldwide, said: “The global economy has continued to put pressure on our business and we have taken the difficult, yet necessary steps to streamline our organization and protect future profitability and improve cash flow going forward.”

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