MediaBistro sold for $20 million

Jupitermedia purchases networking site

Pay attention, revelers: Knowing how to throw a successful party could make you serious bucks.

That’s the lesson from Wednesday’s $20 million sale of MediaBistro, the Web-based networking, news and instructional company for media and entertainment types.

The buyer is Jupitermedia, the Darien, Conn.-based proprietor of a range of digital businesses, including Websites and email newsletters.

Beyond the base $20 million in cash, Jupitermedia agreed on a two-year “earn-out” worth an additional $3 million, pegged to results during that two-year period.

Laurel Touby, a onetime freelance magazine writer who founded Media Bistro in 1999 as an outgrowth of networking parties she threw for other scribes, will stay at the company as a senior VP.

In a lengthy memo posted to MediaBistro.com on Wednesday, Touby called it “probably the happiest day of my life … OK, the second happiest” after her marriage to Jon Fine, who covers the media biz for BusinessWeek.

Jupitermedia shares closed virtually unchanged on the Nasdaq at $7.91.

More Scene

  • Demi MooreComedy Central's Roast of Bruce

    Demi Moore Appears as Surprise Guest at Bruce Willis' Comedy Central Roast

    Pay attention, revelers: Knowing how to throw a successful party could make you serious bucks. That’s the lesson from Wednesday’s $20 million sale of MediaBistro, the Web-based networking, news and instructional company for media and entertainment types. The buyer is Jupitermedia, the Darien, Conn.-based proprietor of a range of digital businesses, including Websites and email […]

  • Outfest Filmmakers Get Political, Issue Call

    Outfest Filmmakers Get Political, Issue Call to Action on Opening Night

    Pay attention, revelers: Knowing how to throw a successful party could make you serious bucks. That’s the lesson from Wednesday’s $20 million sale of MediaBistro, the Web-based networking, news and instructional company for media and entertainment types. The buyer is Jupitermedia, the Darien, Conn.-based proprietor of a range of digital businesses, including Websites and email […]

  • Bob Woodruff Foundation Acquires Veterans Org

    Bob Woodruff Foundation Acquires Veterans Org Got Your 6

    Pay attention, revelers: Knowing how to throw a successful party could make you serious bucks. That’s the lesson from Wednesday’s $20 million sale of MediaBistro, the Web-based networking, news and instructional company for media and entertainment types. The buyer is Jupitermedia, the Darien, Conn.-based proprietor of a range of digital businesses, including Websites and email […]

  • Tiffany HaddishTiffany Haddish at the Hollywood

    Tiffany Haddish on Future Career Plans, Taking Advice From Tyler Perry, Melissa McCarthy

    Pay attention, revelers: Knowing how to throw a successful party could make you serious bucks. That’s the lesson from Wednesday’s $20 million sale of MediaBistro, the Web-based networking, news and instructional company for media and entertainment types. The buyer is Jupitermedia, the Darien, Conn.-based proprietor of a range of digital businesses, including Websites and email […]

  • Vince Gilligan Carolyn Strauss Paley Center

    'Breaking Bad' Creator Vince Gilligan Suggests 'Maybe It's Time for Heroes Again' on TV

    Pay attention, revelers: Knowing how to throw a successful party could make you serious bucks. That’s the lesson from Wednesday’s $20 million sale of MediaBistro, the Web-based networking, news and instructional company for media and entertainment types. The buyer is Jupitermedia, the Darien, Conn.-based proprietor of a range of digital businesses, including Websites and email […]

  • Our Very Own Carlin McCullough

    Amanda Peet's New Play 'Our Very Own Carlin McCullough' Has a 'Game of Thrones' Connection

    Pay attention, revelers: Knowing how to throw a successful party could make you serious bucks. That’s the lesson from Wednesday’s $20 million sale of MediaBistro, the Web-based networking, news and instructional company for media and entertainment types. The buyer is Jupitermedia, the Darien, Conn.-based proprietor of a range of digital businesses, including Websites and email […]

  • Shirel Kozak, Billy Crystal, Marina Zenovich,

    Billy Crystal, Filmmakers Remember Robin Williams at 'Come Inside My Mind' Premiere

    Pay attention, revelers: Knowing how to throw a successful party could make you serious bucks. That’s the lesson from Wednesday’s $20 million sale of MediaBistro, the Web-based networking, news and instructional company for media and entertainment types. The buyer is Jupitermedia, the Darien, Conn.-based proprietor of a range of digital businesses, including Websites and email […]

More From Our Brands

Access exclusive content