Mediabistro Sells For $23 M.

View Story On One Page

Print This Story

Share This Story

By Tom McGeveran

July 18, 2007 | 3:29 a.m.

Laurel Touby has sold her media gossip/bulletin board/media YMCA superstructre for a lot of money.

Drumroll: $23 million.

Here's the Times lead, which Ms. Touby posted to her own Web site just as the only people likely to be interested were trying to figure out whether Rupert Murdoch was going to get away with buying Dow Jones Inc. for $5 billion (Laurel never could share a room):

Laurel Touby turned her popular cocktail parties into a high-traffic Web site for job-seeking media and creative professionals. Yesterday, she sold mediabistro.com, the company that sprang from those mixers, for $23 million. The Jupitermedia Corporation, an Internet research company that also sells photos and art, agreed to pay $20 million in cash and an additional $3 million over two years for the company. Ms. Touby will remain with the company as a senior vice president.

Bitter? We've barely met her!

Now it is time to die.