Adweek Sold

By on Jul, 18 2016 with Comments 0

Magazine RackPrivate equity firm Beringer Capital has acquired Adweek from Mediabistro Holdings. Terms were not disclosed.

The sale includes nine blogs as well: AgencySpy, FishbowlNY, FishbowlDC, GalleyCat, LostRemote, PRNewser, SocialTimes, TVNewser and TVSpy, reported MediaPost.

Beringer Capital said in a statement it will “provide Adweek with the resources to expand its current editorial content.”

Adweek was rumored to be on the block for several months, according to MediaPost.

MediaPost founder Ken Fadner and his partners, Pen Tudor and the late Jack Thomas founded Adweek in 1979.

About The Author: Leslie Stimson has been a reporter for 35+ years, starting in radio news. She’s spent the last 20 years reporting for radio trades.

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