The Inquisitr » Jupitermedia http://www.inquisitr.com The Better Mix Wed, 15 Feb 2012 02:23:50 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 WebMediaBrands (formerly JupiterMedia) cuts 25% of workforce http://www.inquisitr.com/19273/webmediabrands-formerly-jupitermedia-cuts-25-of-workforce/ http://www.inquisitr.com/19273/webmediabrands-formerly-jupitermedia-cuts-25-of-workforce/#comments Wed, 04 Mar 2009 22:28:15 +0000 Duncan Riley http://www.inquisitr.com/?p=19273 WebMediaBrands, the parent company of Internet.com, Mediabistro and other well known online brands has cut 25% of its workforce, or 60 people. The company, formerly known as JupiterMedia also cut all existing pay rates by 5% over 5 months (1% per month). CEO and founder Alan Meckler said in an internal memo that the company [...]

WebMediaBrands (formerly JupiterMedia) cuts 25% of workforce is a post from: The Inquisitr




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WebMediaBrands, the parent company of Internet.com, Mediabistro and other well known online brands has cut 25% of its workforce, or 60 people. The company, formerly known as JupiterMedia also cut all existing pay rates by 5% over 5 months (1% per month).

CEO and founder Alan Meckler said in an internal memo that the company has been hit hard by the recession, with its job board experiencing a “huge decline” and advertising across its properties heading south.

Meckler did note that the “learn” area of the company and traffic to sites including Graphics.com, Internet.com and Mediabistro has been growing.

BusinessInsider has the full memo here. The remaining headcount at the company is now 165 people.

WebMediaBrands (formerly JupiterMedia) cuts 25% of workforce is a post from: The Inquisitr

]]> http://www.inquisitr.com/19273/webmediabrands-formerly-jupitermedia-cuts-25-of-workforce/feed/ 1 webmediabrands Jupitermedia sells subsidiary to Getty Images for $96 million in cash http://www.inquisitr.com/6246/jupitermedia-sells-subsidiary-to-getty-images-for-96-million-in-cash/ http://www.inquisitr.com/6246/jupitermedia-sells-subsidiary-to-getty-images-for-96-million-in-cash/#comments Sat, 25 Oct 2008 13:22:42 +0000 Duncan Riley http://www.inquisitr.com/?p=6246 Jupitermedia Corporation has agreed to sell its wholly owned subsidiary Jupiterimages to Getty Images, Inc. for an aggregate purchase price of $96 million in cash. After the sale, Jupitermedia will continue to operate its remaining five distinct online media networks: internet.com and EarthWeb.com for IT and business professionals; DevX.com for developers; and Mediabistro.com and Graphics.com [...]

Jupitermedia sells subsidiary to Getty Images for $96 million in cash is a post from: The Inquisitr




]]> Jupitermedia Corporation has agreed to sell its wholly owned subsidiary Jupiterimages to Getty Images, Inc. for an aggregate purchase price of $96 million in cash.

After the sale, Jupitermedia will continue to operate its remaining five distinct online media networks: internet.com and EarthWeb.com for IT and business professionals; DevX.com for developers; and Mediabistro.com and Graphics.com for media and creative professionals.

“We believe that this transaction will be beneficial to Jupitermedia and its stockholders, both in the near term and the long run, as it will allow Jupitermedia to pay off all of its bank debt. Upon closing of the transaction, we will continue focus on the further development and growth of our Online Media division,” Alan Meckler, Jupitermedia’s CEO, said.

Jupitermedia sells subsidiary to Getty Images for $96 million in cash is a post from: The Inquisitr

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