Cramer's 'Mad Money' Recap: A Monster Trade

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Jim Cramer offered some special advice to Gannett (GCI Quote) on his "Mad Money" TV show Tuesday.

Cramer wants Gannett, which he called "a proud newspaper company that's trying to stay relevant," to pick up the phone and tell its banker that it wants to buy Monster Worldwide (MNST Quote).

If Gannett doesn't make the "wise decision" to purchase the online job listing firm, Google (GOOG Quote) could beat the newspaper company to the punch and "swallow Monster up," he said.

Market players should buy Monster, too, Cramer advised. Monster is a trade because it's a "logical takeover target."

Gannett, Cramer said, is slowly falling. "Its business isn't viable long-term anymore." He believes a Gannett acquisition of Monster would make sense because Gannett is already invested in the online job market with CareerBuilder.com.

"By buying Monster, [Gannett] can swap from a dying industry to a vibrant one," Cramer said. Monster recently had a "shortfall," he said, but this made it "affordable" for Gannet to purchase it.

Moreover, there are two factors that make Cramer believe Monster wants to be put up for sale. First, Monster has a new CEO, Sal Iannuzzi, who Cramer believes was appointed to the position "to make a deal."

Iannuzzi is the previous CEO of Symbol Technologies, which under his tenure was acquired by Motorola (MOT Quote).

Second, Monster made the Goldman Sachs list of likely private equity plays, Cramer said.

Even if Gannett doesn't buy Monster, Google should, he said.