2009 PressPress Releases
WebMediaBrands Announces Acquisition of AllFacebook.com, SocialTimes.com, Social Ad Summit Tradeshow, and New Media School
(New York, NY – December 11, 2009) - WebMediaBrands Inc. (Nasdaq: WEBM), the leading global provider of events, education, jobs, and content for business, media, and creative professionals, today announced that it acquired all of the shares of Social Times Incorporated (“Social Times”). The acquisition includes two social media blogs, AllFacebook.com and SocialTimes.com, a tradeshow (Social Ad Summit), and an online learning school (New Media School). Nick O’Neill, founder of Social Times, will be joining WebMediaBrands as an employee. Terms of the acquisition were not disclosed.
“Social Times is a terrific acquisition for WebMediaBrands because it adds two dynamic blogs to our growing media blog network, an important tradeshow to our events portfolio, and another dimension to our fast-growing online education operations,” stated Alan M. Meckler, Chairman and CEO of WebMediaBrands. “In addition to gaining these great assets, we are also obtaining the services of Nick O’Neill, who created all of these properties and will be assuming a significant role in growing our social media offerings in coming years.”
"I'm excited to become part of WebMediaBrands," stated Social Times founder Nick O'Neill. "Becoming part of the WebMediaBrands team presents a huge growth opportunity for Social Times. We have complementary businesses and I look forward to working together to grow our ongoing coverage of the social web economy."
About WebMediaBrands Inc.
WebMediaBrands (www.webmediabrands.com), headquartered in New York, NY, is the leading global provider of events, education, jobs, and content for business, media, and creative professionals. The company consists of four distinct brands: mediabistro.com, LearnNetwork, Freelance Connect, and Semantic Web. Over 6 million users visit WebMediaBrands monthly.
All current WebMediaBrands press releases can be found online at www.webmediabrands.com/corporate/press.html.
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