Jupiter Media has acquired Mediabistro.com for $23million, consisting of $20million in cash upfront and an additional $3million over 2 years.
New York based Mediabistro.com was started in 1996 by Laurel Touby as a media industry focused jobs website. In recent years Mediabistro.com has grown into a network of sites that includes well known titles such as the Fishbowl (NY,LA & DC) blogs; the company also provides premium services for the media industry including training seminars and on demand videos.
According to the NY Times, Touby will remain with the site, becoming a Jupiter Media Senior Vice President.
Hey, Laurel, congratulations!
Craig
Congratulation!!!!!!!!!!
That is incredible! A great deal!
Congratulations, Laurel–and to the Media Bistro team! Does this mean that we’re beginning to see more and more consolidation now? First Dow Jones/Murdoch and now Jupiter and Media Bistro?
Good to see Meckler make a smart move for once….
I’ve taken MB courses of all sorts before, from creative writing to accounting for independent contractors, and they’re terrific – it’s how I found my accountant. Many congratulations.
Laurel, Congratulations! It’s been a fun 11 years!
-s
very encouraging. The next few years with respect to online and offline job related networking is going to be big.
wow. maybe they’ll bring some actual value to my mb membership that doesn’t just consist of a subscription to wired (though that alone was totally worth it).
thatsaniicce.
really interesting!
Congratulations Laurel. I’m happy for you, Jon, and the MB team. -Rick
a good price; for a great site.
Nice to see a girl cash out
Wow. Congratulations Laurel!
Microsoft Bob’s your uncle.
Oops, wrong article, this actually looks interesting. Congrats.
Way to go girl! I remember those soirees back in the day. Gotta love the feather boa.
Wahoo! Champagne at the next CEO breakfast.
A great deal, and the main idea of that site is very good. I am glad to see that people who started from scratch are doing well.
buried on a deadline so got the news late. CONGRATS Laurel, or should I say ‘parnter;
Way to go!