Mediabistro Editorial Assets Acquired by Prometheus Global Media for $8 Million

Job search/media site Mediabistro has reached an agreement to be sell its editorial properties for $8 million to Prometheus Global Media, owner of Adweek, The Hollywood Reporter and Billboard.

The deal will include some of Mediabistro's popular niche media blogs including TVNewser and AgencySpy. The popular Mediabistro job board and its education business are also part of the deal.

The deal sill needs shareholder approval, which could happen by mid-July.

The tradeshow portion of the company will remain with Mediabistro CEO Alan Meckler under a new company — Mecklermedia. The company's 3D printing and bitcoin assets are also not a part of the deal Read more...