Adweek Acquired by Beringer Capital

NEW YORKBeringer Capital, a private equity firm focused on digital media and marketing services, has acquired Adweek, a leading resource for news in media, marketing, and advertising. The acquisition from Mediabistro Holdings also includes the nine industry blogs in the Adweek Blog Network: AgencySpy, FishbowlNY, FishbowlDC, GalleyCat, LostRemote, PRNewser, SocialTimes, TVNewser and TVSpy.

Terms of the deal weren’t released. In 2014, Prometheus Global, owner of Adweek, purchased Mediabistro in 2014 for $8 million.

Following this acquisition, Beringer Capital will provide Adweek with the resources to expand its current editorial content, which is delivered online and across a weekly print magazine, mobile applications, daily newsletters, social media, original videos, events, and awards.

James Cooper, the brand’s Editorial Director, will continue overseeing Adweek’s editorial expertise and leadership. “The digital landscape is ever-evolving, and it’ll be exciting to work with a partner who shares our passion for the future of media,” said Cooper.

“Adweek’s immense success and position as an industry leader is due to the magnificent work of its team,” said Brian F. Martin, Co-founder of Beringer Capital and newly appointed Chairman of Adweek. “We are committed to providing Adweek with the support they need to exceed the expectations of our readers, clients and partners.”

First published in 1978, Adweek is now one of the largest news sources in the media, marketing and advertising space. Adweek.com sees more than 6.5 million monthly unique visitors and has been ranked within the top three most shared media content sources online. With more than three times the readership of its closest competitor and a social media following of 1.9 million, Adweek is well positioned to capitalize on the digital evolution of the media landscape.

“Over the past four decades, Adweek has continued to evolve along with the industry in which it serves. We are truly excited at the prospect of what the next decade will bring,” stated Perry Miele, Chairman of Beringer Capital.

Beringer Capital is based in Toronto with offices in New York.