WebProNews

Internet.com Sold for $18 Million

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.

Jupitermedia Changes Name to WebMediaBrands

Jupitermedia is changing its name to "WebMediaBrands Inc." The announcement comes along with the official sale of Jupiterimages to Getty Images for $96 million in cash.

Jupitermedia Reports Earnings Are Down

Jupitermedia Corporation has released its earnings report for the third quarter of 2008.Revenues for the third quarter of 2008 were $31 million down from revenues of $34.8 million for the same period last year. The company says its loss per diluted share was $0.63 and included non-cash stock based compensation expense, legal fees related to the recent signed stock purchase agreement with Getty Images.

Jupitermedia President Chris Cardell Resigns

Jupitermedia Corporation has announced that its President and Chief Operating Officer, Chris Cardell, has resigned.

Jupitermedia Sells Image Business To Getty For $96 Million

Jupitermedia Corporation said today that it is selling its online images business to Getty Images for $96 million in cash. This sale will re-focus the company on the B2B content business which is arguably a step in the right direction.

Can Jupitermedia Rise Again?

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. 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

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

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.