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Jupitermedia Announces Acquisition of MediaBistro.com Online Community and Job Board Serving Media & Creative Professionals

Jul 18th, 2007 - Jupitermedia Corporation (Nasdaq: JUPM) today announced that it has acquired all of the shares of mediabistro.com inc. (www.mediabistro.com), the career and community site for media and creative professionals, for $20.0 million in cash and a two year earn-out that could result in an additional $3.0 million in cash consideration.

Based in New York City, Mediabistro.com was founded in 1999 by Laurel Touby. Funding for this acquisition was secured through the recently
announced closing of a $115 million senior credit facility arranged by KeyBanc Capital Markets.
Mediabistro includes job postings, educational courses, events, forums, original content and a premium subscription service.
Mediabistro.com is dedicated to those who create or work with content, and other professionals who work in creative industries.
This vibrant group of professionals includes editors, writers, television producers, graphic designers, book publishers, people in
production and circulation departments-across many media sectors, such as magazines, television, radio, newspapers, book
publishing, online media, advertising, PR and graphic design. Mediabistro.com was founded in order to provide opportunities (both
online and off) for professionals to meet each other, share resources, become informed of job opportunities and interesting
projects, improve their career skills, and showcase their work.
"We are very excited to add Mediabistro and their community of members to Jupitermedia. Mediabistro.com is run by a top-notch
team, led by founder Laurel Touby. This team has nurtured a very loyal following of media and creative professionals that relies
on Mediabistro to find jobs, learn about the latest industry happenings and best practices, and bring them together at live
community-driven events around the country," said Alan M. Meckler, Chairman and CEO of Jupitermedia Corporation. "Mediabistro
provides our JupiterOnlineMedia division with another diversified and fast growing revenue stream through its vertical online job
board, which has broad appeal to all aspects of the media industry. The Mediabistro job board should benefit from the vast traffic
generated from our online media and Jupiterimages properties. Furthermore, Mediabistro has a wide variety of original content and
blogs, which will augment our 150 original content sites. And, Mediabistro events mesh nicely with Jupitermedia's growing trade
show and Webinar operations," added Meckler.
"Becoming part of the Jupitermedia team will mean a huge growth opportunity for Mediabistro. Our organizations' product
offerings complement each other perfectly. We are so excited to be working with people who are very experienced at cross
promoting products and services across their networks and customer bases," said Laurel Touby, CEO and Founder of Mediabistro.
"And the members of the Mediabistro community will certainly be interested in all Jupitermedia has to offer on their online media
networks and digital content libraries," added Touby.

Source: http://www.webmediabrands.com/corporate/releases/07.07.18-JM_Mediabistro.html

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