It looks like the web boom is back to basics, our friend and colleague Laurel Toby just sold her famed website mediabistro.com for $23 million.
We met Laurel Toby shortly after landing on the island of Manhattan. At a cocktail reception of course, loaded with drinks, the super friendly Laurel approached me after finding out I worked in internet media… Soon after that meeting I found myself contemplating rocking a feather boa as a host of one of her “web media” parties. Considering that I still have a working penis, I decided to pass on the boa and instead just greet guest like any good host should - with a warm smile.
A year later, I was still hosting parties for Laurel, and ironically, thanks to meeting Laurel, I have a rolodex larger than Lisa Rinna’s bottom lip. I found out earlier today that Laurel sold her site to Jupitermedia, for a cool $23 mil. Which is a great mark-up, considering she founded the website as a way to make friends in the written media world.
Congrat’s Laurel on all your success, we revel in being able to be apart of your journey.
- Source: LA Observed
Tags: Laurel Toby, midabistro.com
WHAT NOW?