Prometheus Global Media to Acquire Mediabistro
Announced today, Prometheus Global Media – which owns and operates Adweek, The Hollywood Reporter, and Billboard, among others – has entered into a definitive agreement to purchase Mediabistro’s editorial and e-commerce assets. The sale price? Eight million in cash.
As part of the deal, PrometheusGM will add to its portfolio mediabistro.com and editorial sites including FishbowlDC, FishbowlNY, TVNewser and PRNewser, as well as the Mediabistro Job Board, and Mediabistro’s education business.
Pending stockholder approval, the sale should close in late July.
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