Gannett Co., Inc. has bought another 10 percent stake in CareerBuilder from Tribune Co. for US$135, giving Gannett a 50.8 percent controlling stake in the largest job site in the United States, MarketWatch reported Wednesday.

“This transaction offers us an excellent opportunity to monetize some of the value CareerBuilder has built over the years, while enabling us to maintain a significant stake in a great online property,” said Sam Zell, chairman and chief executive of Tribune, according to MarketWatch.

Craig Dubow, chairman, president and chief executive of Gannett said CareerBuilder has “great growth potential that just keeps delivering more for Gannett and our partners,” MarketWatch reported.

Gannett will now have three seats on the six-seat board of directors at CareerBuilder. Tribune and McClatchy, another U.S. newspaper company, each have one seat, while CareerBuilder's chief executive officer has a seat. Following the sale, Tribune owns 30.8 percent of the job site, McClatchy owns 14.4 percent and Microsoft Corp. owns 4 percent, MarketWatch reported.

Tribune has been selling off many of its properties, such as New York newspaper Newsday, as well as baseball team Chicago Cubs and its stadium, Wrigley Field, to pay down its nearly $13 billion in debt.