AdBumb to be Sold, Pace Media to Launch Adotas

After months of rumors and hinting, we've learned AdBumb is being sold and sister sites 92.5 and New Media Reports are being folded. Publisher Pace Media is, on January 6, 2006, launching Adotas, a blog formatted site which will be staffed by writers from the three publications. After spotting an initial design of the site Spunker's Ben Popken writes, "Pace sales guy Ron Cummings the Second told me that if I act now, I can get 400k impressions for only $20,000, a $47,500 value. Furthermore, he said 'Since we are both located in New York let me know what kind of food you like and I can meet you for a lunch meeting.' Ron, my favorite food is green spam and eggs." Ouch. Here's a screenshot if the site has moved.