Alan Meckler, one of the pioneers in the tech trade business online, is exiting the sector, which tells you more about the long-term prospects of big tech trade businesses than anything else. He is in the process of selling off the Internet.com division, part of his company WebMediaBrands (NSDQ: WEBM) (fka Jupitermedia) to Foster City, CA-based vertical media and marketing firm QuinStreet, for about $18 million in cash. The network consists of brads such as flagship Internet.com, InternetNews.com, DevX, Linux Today, and may others. The only site the company has held back is related to semantic search, around which the company also has a trade show.
The deal is subject to shareholder approval, but Meckler and other shareholders. totaling about 40 percent of the outstanding stock, have already voted in favor of the deal. With this, Meckler