AdWeek has been bought by, Beringer Capital, after owner MediaBistro Holdings agreed terms with the private equity firm focused on digital media and marketing services.
The sale includes the nine industry blogs in the Adweek Blog Network- AgencySpy, FishbowlNY, FishbowlDC, GalleyCat, LostRemote, PRNewser, SocialTimes, TVNewser and TVSpy- and will see Beringer co-founder, Brian Martin, becoming Adweek chairman.
The advertising, media and marketing publication insists that its editorial team will not be affected by the sale, with editorial director James Cooper remaining at the helm. Beringer Capital has stated that it will provide Adweek with the resources to expand its current editorial content.
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Source: The Drum
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