All Posts Tagged Tag: ‘Jupitermedia’
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 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.
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 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.
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.
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.
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.
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.
Search marketers were surprised yesterday by the announcement that three of the most influential publications in the search marketing sector had quietly been sold to new owners.
ClickZ, which Jupitermedia had purchased for nearly $20 million USD, and the Search Engine Strategies trade shows, went to UK-based Incisive Media for $43 million.
Jupitermedia announced the winners of its Wi-Fi Planet Conference & Expo Best of Show Awards, which concludes today at the San Jose Convention Center in San Jose, California.
In a press release today Jupitermedia Corporation announced that its wholly-owned subsidiary JupiterImages Corporation has acquired Hemera Technologies for $7.3 million in cash.
Jupitermedia today announced it has sent cease and desist letters to eMarketer Inc. claiming inducement to breach contract and infringement of its copyright and database rights in both France and the United Kingdom.