( July 29, 2007 ) - DeSilva + Phillips, Media Investment Bankers, announced the acquisition of its client Mediabistro.com by Jupitermedia Corporation for $23 million. Mediabistro.com, founded by CEO Laurel Touby in 1993, is the leading provider of career services and other resources to professionals working in the content/creative industries. Jupitermedia Corporation is an Internet research company which also sells photographs and art images.

Reed Phillips, DeSilva + Phillips' Managing Partner, said, "Laurel Touby did a great job of building out Mediabistro.com to include a number of revenue streams that made her business very attractive to buyers."

As Simon Dumenco wrote in New York magazine, Laurel Touby has 'cornered the market on media-job listings and generated a Learning Annex-esque set of classes with all the can-do sense of possibility contained in women's magazine cover lines ("Writing Travel Guidebooks: Live the Dream: Travel, Write and Get Paid," "Career Reinvention Toolkit," "How to Write Chick Lit").' Her business not only provides substantive services to its thousands of members across the country, but also supplies them with 'a piece of the dream.'"

DeSilva + Phillips is glad that we're not among "just about everybody," who, according to New York, underestimated the value of Laurel Touby's company.