Prometheus Global Media is acquiring Mediabistro for $8M in cash. The deal joins MB’s TVNewser, PRNewser, FishbowlDC, FishbowlNY sites to PGM’s Adweek, Billboard and Hollywood Reporter properties.
MB’s assets also include a job board and education business.
Alan Meckler, CEO of MB, is keeping the trade show business, which will be dubbed Mecklermedia. That business includes more than 20 trade shows in nearly a dozen countries.
The deal is expected to close in July.
Prometheus is the former e5Global Media, which launched in 2009 from the split of the entertainment/media properties of Nielsen Business Media.
Investment firm Guggenheim Partners is current owner.
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