Jupitermedia Corporation announced that it has acquired all of the shares of Mediabistro.com Inc., the career and community site for media and creative professionals, for $20.0 million in cash and a two year earn-out that could result in an additional $3 million in cash consideration. Based in New York City, Mediabistro.com was founded in 1999 by Laurel Touby.
Mediabistro includes job postings, educational courses, events, forums, original content and a premium subscription service. Mediabistro.com is dedicated to those who create or work with content, and other professionals who work in creative industries. This vibrant group of professionals includes editors, writers, television producers, graphic designers, book publishers, people in production and circulation departments—across many media sectors, such as magazines, television, radio, newspapers, book publishing, online media, advertising, PR and graphic design. Mediabistro.com was founded in order to provide opportunities (both online and off) for professionals to meet each other, share resources, become informed of job opportunities and interesting projects, improve their career skills, and showcase their work.
“Becoming part of the Jupitermedia team will mean a huge growth opportunity for Mediabistro. Our organizations’ product offerings complement each other perfectly. We are so excited to be working with people who are very experienced at cross promoting products and services across their networks and customer bases,” said Laurel Touby, CEO and Founder of Mediabistro.
Originally posted on July 18, 2007 @ 10:45 am