Beringer Capital, a private equity firm that invests in digital media and marketing services, has reached an agreement with Mediabistro Holdings to acquire Adweek.
The news was announced in a staff meeting by Brian Martin, co-founder and managing partner of Beringer Capital, and managing partner Gil Ozir this morning. As part of the deal, Martin has been appointed chairman of Adweek.
Financial terms were not disclosed.
The new structure will see Adweek and its nine blogs, which include TVNewser, FishbowlNY and TVSpy, shift to Beringer's purview, while the other businesses will remain with Mediabistro Holdings.
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