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

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A general view at The Hollywood Reporter & Jimmy Choo Celebration of the Most Powerful Stylists in Hollywood, on Wednesday, March 12, 2014, in West Hollywood, Calif.

Image: ohn Shearer/Invision for The Hollywood Reporter/Associated Press

By Jason Abbruzzese2014-05-29 13:01:40 UTC

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 is also part of the deal.

The tradeshow portion of the company will remain with Mediabistro CEO Alan Meckler under a new company — Mecklermedia.

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Topics: Business, Media, mediabistro