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Media NewsWednesday, Jul 18
Breaking: mediabistro.com Sold for $23M
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InfoEditor: David Hirschman
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Laurel Touby turned her popular cocktail parties into a high-traffic Web site for job-seeking media and creative professionals. Yesterday, she sold mediabistro.com, the company that sprang from those mixers, for $23 million. The Jupitermedia Corporation, an Internet research company that also sells photos and art, agreed to pay $20 million in cash and an additional $3 million over two years for the company. Ms. Touby will remain with the company as a senior vice president.
