Jupitermedia Announces Completion of Sale of Jupiterimages to Getty Images and Change of Jupitermedia Name to WebMediaBrands

Jupitermedia Corporation (�Jupitermedia�) (NASDAQ: JUPM) announced today that it has completed the previously announced sale of Jupiterimages Corporation (�Jupiterimages�), a wholly-owned subsidiary of Jupitermedia, to Getty Images, Inc. (�Getty Images�) for $96 million in cash, subject to certain post-closing adjustments (the �Sale�).

In connection with the Sale, Jupitermedia terminated its Credit Agreement with KeyBank National Association (�KeyBank) and applied approximately $82 million of the proceeds from the Sale to repay all outstanding indebtedness. Jupitermedia�s existing interest rate swap arrangement with KeyBank will remain outstanding.

In addition, Jupitermedia announced that it will change its name to �WebMediaBrands Inc.� and its NASDAQ symbol to WEBM, effective February 24, 2009.

The sale of Jupiterimages to Getty Images and the name change were approved by Jupitermedia�s stockholders during a special meeting held on February 20, 2009.

WebMediaBrands will continue to operate the�BtoB online communities�that were not sold to Getty Images. These�communities are�comprised of Internet.com for IT managers and Web developers; Mediabistro.com for media, publishing�and communications professionals; and Graphics.com for design and�creative professionals. These three�communities have a combined�22 million unique visitors and 70 million page views.

All current Jupitermedia and WebMediaBrands Inc. press releases can be found online at www.jupitermedia.com/corporate/press.html.

Jupitermedia (MM) (NASDAQ:JUPM)
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