Beringer Capital acquires Adweek from Mediabistro

Canadian private equity firm Beringer Capital has acquired Adweek, a New York-based source of news for marketing, media and advertising professionals. No financial terms were disclosed. Mediabistro Holdings LLC, a U.S. group of media and creative brands, was the seller. With the deal, Brian F. Martin, co-founder of Beringer, has been appointed Adweek's chairman. Established in 1978, Adweek has been ranked within the top three most shared media content sources online. Toronto-based Beringer, an investor in digital media and marketing services, said it would provide the business with resources to expand its current editorial content.

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