How should one propagate events from one ViewModel to another ViewModel in MVVW?

I'm brand new to the MVVW pattern, so you'll have to forgive me if I'm asking a very basic question.

I have two ViewModels, we'll call them TreeViewViewModel and ListViewViewModel. TreeViewViewModel binds to an IsSelected property in its view. Whenever IsSelected changes, I need to inform ListViewViewModel so that it can update it's view.

After some research online, I've come across the EventAggregator which looks like it might be a good solution.

Is this the right solution? If so, how should I go about implementing this? Or, is there a better solution I should be considering? Below is a simplified version of how I think the EventAggregator might be integrated into the ViewModel publishing the event.

public class TreeViewViewModel : INotifyPropertyChanged
{
    public bool IsSelected
    {
        get { return _isSelected; }
        set
        {
            if (value == _isSelected)
                return;

            _isSelected = value;

            OnPropertyChanged("IsSelected");

            // Is this sane?
            _eventAggregator.GetEvent<TreeViewItemSelectedEvent>().Publish(value);
        }
    }

    protected virtual void OnPropertyChanged(string propertyName)
    {
        if (PropertyChanged != null)
        {
            PropertyChanged(this, new PropertyChangedEventArgs(propertyName));
        }
    }
}