Online classifieds sites generated $217 mln in Q3 2004

Classified advertising represents a $28-30 bln business in the United States, including $16 bln in daily newspapers. It generates an estimated $100 bln business internationally, according to Classified Intelligence. Revenue growth at national online boards Careerbuilder, Monster and HotJobs was 47.4% in Q3 2004, compared with Q3 2003, versus 15.9% for newspapers’s recruitment category in classified ads, the New York company said. In terms of revenues online boards were way behind newspapers, $217 mln versus $1.1 bln.