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Media - Wednesday, July 18, 2007

Jupiter Pays $23M For Journalism Hub MediaBistro

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MediaBistro has been an inspiration for a number of business sites because it bootstrapped its way from a cocktail mixer for journalists in New York to a profitable site and job board. Today Jupiter Media announced that it will pay $23M for MediaBistro. Founded in 1993, as a mixer the company didn't launch its web site until 1996. Paid Content reports that MediaBistro started the M&A process in early 2006. We don't know yet what are MediaBistro's revenues.

Read - New York Times story
Read - Paid Content post

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