People Media Acquired By

Los Angeles-based People Media, which operates an online network of vertically focused dating sites, has been acquired by IAC's According to, it will pay $80M in cash for People Media, which operates 27 dating sites, including,,, and People Media was owned by American Capital Ltd. said that People Media had $11.6M in EBITDA in 2008, and has over 225,000 paying subscribers.