Eric Straus pulls no punches. He”™s sitting in his Poughkeepsie Civic Center office with a radio logo behind him, wearing a “No Daily Newspaper” button on his shirt.
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That”™s no surprise, considering Straus owned a string of 10 Hudson Valley radio stations and grew up listening to Murray the K”™s “swinging soiree” on WMCA, one of the stations once owned by his father, R. Peter Straus. His sister, Jeanne Straus, owns a string of weekly community newspapers that circulate from Orange County into New Jersey and Pennsylvania.
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While Straus was out hawking his radio stations to potential advertisers, their biggest complaint “was the inability to bring in decent hires. They were spending a fortune with the dailies and getting poor results,” he said, referring to daily newspapers.
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That started the dials turning in Straus”™ head at the same time the Internet began to gallop. After selling his stations to Clear Channel in 1999, Straus did his homework and built a niche that proved to be a win for him and the companies looking for decent employees: He and “geek guru” Steve Bywater built a Web site and created the software to promote jobs and attract job seekers on the Web.
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“We wanted it to be local,” said Straus. “So people here in the Hudson Valley, and my former radio stations and I, promoted each other.” This turned out to be Straus”™ leap into cyberspace. The site, www.regionalhelpwanted.com, originally focused on the seven-county area he had broadcast in: Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster and Westchester. From that jump-start, www.regionalhelpwanted has grown to more than 330 dot.com sites and has won Straus a spot on Deloitte & Touche”™s top 50 fastest-growing companies in New York, “OK, I”™ll take number 38,” said Straus with a grudging grin. He”™s sure he will be nearer to the top of the list in 2008.
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Straus didn”™t stop with helping disgruntled advertisers find a better way to find job seekers. He also started www.cupid.com and www.predating.com.
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Straus”™ Poughkeepsie headquarters employs 60 people. He spends most of his time traveling the country talking to radio stations, asking them to partner with his regional help-wanted site. “We have an agreement where the radio station gets 70 percent of the revenue and we take 30 percent.” It”™s worked out well for Straus, who grossed $400,000 in 2006 and predicts 2007 is outpacing last year”™s numbers.
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And while he”™s heavily invested in his Web enterprises, the radio bug has bitten Straus again: He”™s bought three local stations. “I was born in the business ”“ it”™s in my blood,” said Straus. Though he never made it to the Brooklyn Academy of Music to see a “Murray the K” show during its heyday, he was an avid listener to his father”™s AM radio station when rock ”™n”™ roll was taking over the airwaves.
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Straus, who makes his home in Rhinebeck, loves the Hudson Valley. While the Internet may seem to rule, Straus believes “there will always be a place for radio and newspapers, particularly community and weekly papers.” As a man who comes from a family whose dynasty was built on that foundation, Straus”™ view may be an indicator of what the future holds.
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