Mediabistro parent acquires TVSpy.com

Press release

WebMediaBrands Acquires TVSpy.com

(New York, NY – November 17, 2010) WebMediaBrands (Nasdaq: WEBM) today announced that it has acquired the website TVSpy.com from Vault, Inc. TVSpy will become part of the Mediabistro blog network. Terms of the acquisition were not disclosed.

“TVSpy and its predecessor ShopTalk have been the go-to source for coverage of local television news and job moves for more than two decades,” stated Alan M. Meckler, Chairman and CEO of WebMediaBrands. “TVSpy fits perfectly into our Mediabistro blog network, which includes TVNewser, the must-read site for coverage of network news. The combination of TVSpy and TVNewser should further ensure our leadership in coverage of local and national broadcast and cable news on air and online.”

“TVSpy has been an important part of the broadcast news business for a very long time. We are thrilled that with the WebMediaBrands acquisition TVSpy will be integrated into media blog powerhouse Mediabistro. We are delighted that TVSpy will have the right parent and the right focus to drive the continued growth of this important business,” stated Claude Sheer, CEO of Vault.

Andrew Gauthier will continue as Editor of TVSpy.

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