MediaBistro.com Acquired by Jupitermedia (JUPM, YHOO)

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By Douglas A. McIntyre Published

MediaBistro.com is being acquired by Jupiermedia (NASDAQ:JUPM) for $20 million in cash, plus up to $3 million in additional earnings payouts if targets are acheived.  MediaBistro.com is not just a news site, it is a news site for media professionals to see specific media news, find jobs, find content, and more. 

The company is scheduled to launch Giga-what with Yahoo! (NASDAQ:YHOO) in August as an information site for technology publishers.

Jupitermedia (NASDAQ:JUPM) now has a market cap of $283 million and this acquisition was partly funded by the Jupiter’s $115 million senior credit facility.  It appears part of the allure was the paid online job board for media professionals, plus its own growing online content and blogs.

MediaBistro is a company we have been watching, and we’ll have to see how this integrates.  So far, no shares have traded in JupiterMedia this morning.

Jon C. Ogg
July 18, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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