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Jupitermedia Corporation buys Mediabistro.com
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, which is based in New York City.


Source: http://www.nytimes.com/2007/07/18/business/media/18bistro.html?ex=1342411200&en=aa4a04d8a09b5064& ei=5088&partner=rssnyt&emc=rss

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