Mediabistro sold to Jupitermedia.Jupitermedia Corp. (Darien, CT), a provider of images, information and events for information technology, business and creative professionals, has acquired all of the share of Mediabistro.com (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ), a career and community site for media and creative professionals, for $20 million in cash and a two-year earn-out Earn-out Refers to an additional payment in a merger or acquisition that is not part of the original acquisition cost, which is based on the acquired company's future earnings relative to a level determined by the merger agreement. that could result in an additional $3 million in cash consideration. Founded in 1999, Mediabistro is targeted to those who create or work with content and other professionals who work in creative industries, including editors, writers, graphic designers, publishers, production and circulation professionals with television/radio stations, newspapers, magazines, online media, advertising, PR and graphic design companies. The subscription service provides job postings, educational courses, events, forums, and relevant content. Mediabistro said it was established in order to provide opportunities, both online and off, for professionals to meet each other, share resources, become informed about job opportunities and new projects, improve career skills and showcase their work. Also, the company operates a wide variety of industry-related blogs, Jupitermedia Chairman/CEO said that Mediabistro's blog blog, short for web log, an online, regularly updated journal or newsletter that is readily accessible to the general public by virtue of being posted on a website. sites will "augment aug·ment v. aug·ment·ed, aug·ment·ing, aug·ments v.tr. 1. To make (something already developed or well under way) greater, as in size, extent, or quantity: our 150 original content sites" while Mediabistro's events "mesh Refers to an interconnect architecture that cross- connects several devices. See mesh network, wireless mesh network and switch fabric. (character) mesh - The INTERCAL name for hash. nicely with (our) growing trade show and Webinar operations." |
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