Jupitermedia Buys Mediabistro.com For $20 Million

Stock photography and digital media provider Jupitermedia Corp. today announced its purchase of New York-based popular media and creative job listing Web site Mediabistro.com for $20 million in cash.

Jupitermedia agreed also to pay $3 million more over the next two years. The purchase apparently was enabled by Jupitermedia's recent closing of a $115 million senior credit facility.

Mediabistro.com - which includes job postings, forums, industry blogs, educational courses, and events for professionals in all realms of media - was founded in 1997 by then freelance writer Laurel Touby. Today, Mediabistro.com says it sees more than a million visitors and more than six million page views per month. Touby plans to stay with the company as a senior vice president.

Jupitermedia properties include online imaging services BannaStock, Workbook Stock and Brand X Pictures. The Darien, Conn.-based company's industry networking Web sites include Internet.com and Graphics.com.

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