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The onetime maven of media mixers sold mediabistro.com today for $23 million. The buyer is Internet research firm Jupitermedia, which wants the company for the revenue from jobs ads and courses. The company founded by Touby (and boosted later by investors) also publishes the websites FishbowlNY (and FBLA and FBDC), TVNewser, Galleycat, Unbeige and others. Touby is to remain as a senior vice president, the New York Times story says.
“This company is a true Internet success story,” Ms. Touby said. “This started as an offline community, a cocktail party, that turned into this Web site that actually makes money.”
The kids at Gawker are going to go crazy tomorrow.
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| Bev Hills billionaire Ron Burkle has $56 million in loans against his two houses. The McCourts have borrowed $28 million on their properties.
| Steve Jones, the self-proclaimed Sire of Wilshire (a nod to the physical address of his former home at Indie 103.1 FM), is back on the air!
| She gaped at me like I was living history -- Miss Jane Pittman come to put her withered lips to the "Young Only" fountain straw of ageism.
As newspapers and television pull back from investigative reporting, foundations and other organizations are beginning to fill the void. One of the most interesting is Accountable California, a project of Local 721 of the Service Employees International Union.
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