Adweek Sold


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.