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Internet.com Sold for $18 Million

Internet.com Sold for $18 Million

By Chris Crum August 10, 2009 | 1 Comment

WebMediaBrands (formerly JupiterMedia) has just announced that it is selling Internet.com for $18 million to QuinStreet Inc. QuinStreet calls itself the leader in online performance-based vertical marketing.

Can Jupitermedia Rise Again?
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Jupitermedia has great assets, a long history and is still run by the founder, Alan Meckler, who built the company from the ground up. As of this writing JUPM is at 45 cents a share, which values the company at only $16.25 million. It appears that there is no rational reason to explain this low valuation except that there are apparently very few investors interested in the stock.

Jupitermedia Reports 2nd Quarter Results

Jupitermedia Corporation has released the financial results for the second quarter of 2008 ending on June 30.

JupiterMedia

The company had slightly higher revenues of $35 million for the second quarter, compared with 34.6 million last year.

Jupitermedia Reports Fourth Quarter Results

The market’s doing its best imitation of a healthy Superman this morning – up, up, and all that – but Jupitermedia has been left on the sidelines.  Following the corporation’s report on its fourth quarter earnings, Jupitermedia’s stock is acting in a less than heroic fashion.

Jupitermedia Purchases eStockMusic.com
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Jupitermedia said today that it has purchased eStockMusic.com, a library of royalty free stock music, samples and sound effects. Terms of the deal were not released.

The purchase adds a micropayment music business to Jupiterimage’s micropayment offerings of royalty free digital images and footage on Stockexpert.com.

eStockMusic’s library is searchable and allows customers to listen to tracks before they make a purchase. Tracks sell for $1.00 for a minute and are available for direct download.

Getty Images Sells For $2.4 Billion
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Just a couple of weeks after Getty Images, the world’s largest stock images company, appeared to have failed to find a buyer for itself, the company announced an agreement to be sold to private equity firm Hellman & Friedman LLC for $2.4 billion. That’s 55% more than the stock was valued on Wall Street.

Getty Images For Sale
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Getty Images, the world’s largest supplier of pictures and video to the media is for sale.

Monster Buys Affinity Labs For $61 Million Cash
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Monster Worldwide, Inc. announced the purchase of Affinity Labs‘ year old network of vertical community sites for $61 million cash today.

Jupitermedia CEO Talks Stock, Future Developments

Transparency’s nice – assuming that a person (or company) is indeed being transparent, and you’re not so paranoid that you can’t believe it, you get to find out many of the who-what-when-where-why details.  And in that spirit, Alan Meckler, the CEO of Jupitermedia, has announced his purchase of some stock and referenced his company’s future.

Alan Meckler Slams JP Morgan For “Chickening Out”

Alan Meckler, CEO of JupiterMedia has an interesting blog post about how JP Morgan Private Bank withdrew funding from Internet.Com Venture Funds back in 2002.

Jupitermedia Folds Up Mediabistro For $23 Million

Media and creative professional job site Mediabistro joins Jupitermedia in an all-cash $23 million acquisition.

Jupitermedia Buys Two Web Sites

Jupitermedia has purchased AdsofTheWorld.com and CreativeBits.org. Both Web sites offer user-generated content for design communities and have one million unique monthly visitors combined.

Jupitermedia, Getty Deal Falls Apart

Jupitermedia has ended talks with Getty images concerning a possible merger. In a press release from February 22 the company confirmed they were in discussions with Getty Images only after speculative articles had been written in the business press about the proposed deal.

Alan Meckler To Buy Back Content Sites

Jupitermedia may be sold to Getty Images, but it is reported (as I speculated yesterday) that CEO Alan Meckler will buy back  all assets that are not Jupiterimages.

Jupitermedia To Be Acquired By Getty?

The New York Post reports that Getty Images is considering a purchase of digital image rival Jupitermedia Corp.  The purchase price would likely be an amount substantially higher than Jupitermedia’s current stock price of around $8 per share.

Over the last few years Jupitermedia has become a major player in online imaging by acquiring more than 25 online subscription image sites including Comstock and Photos.com.

Jupiter Research Becomes JupiterKagan

A $10.1 million price tag allowed MCG Capital Corporation’s JupiterKagan to purchase Jupiter Research from the Jupitermedia Corporation.

Jupitermedia Earnings Up, Stock Down

Shares dropped 70 cents before Jupitermedia announced after market-close that revenues and net income grew for the company in the third quarter.