Ad Ops Daily Briefs: March 4 2009

Otilia Otlacan — Wed, 04 Mar 2009 23:50:42 +0000

- Jupitermedia Announces Completion of Sale of Jupiterimages to Getty Images and Change of Jupitermedia Name to WebMediaBrands
Jupitermedia Corporation announced 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.

- Alliance for the Arts Integrates Online Marketing Campaigns with Lyris
Lyris, Inc., the online marketing expert, announced that Alliance for the Arts is using Lyris HQ to better manage, track and interact with their diverse audiences through targeted email communications.

Alliance for the Arts serves the New York cultural community through research and advocacy and issues cultural guides and calendars for the public. With limited resources spread across the management of three separate online properties (NYC-ARTS.org, NYCkidsARTS.org and AllianceforArts.org), Alliance for the Arts needed a solution that could maximize the reach and effectiveness of each site with the most efficient investment of time and money. Lyris HQ provided the right solution for the organization to better manage and cleanse email lists and send and track weekly email communications to its diverse audiences. They also have future plans to utilize the mobile and social media enhancement features of Lyris HQ.

Ad Ops Daily Briefs: November 20 2008

Otilia Otlacan — Thu, 20 Nov 2008 22:00:38 +0000

- Jupitermedia Corporation Reports an Adjustment to Its Results for the Third Quarter Ended September 30, 2008
Jupitermedia Corporation (Nasdaq: JUPM) announced today that it identified an adjustment to its financial results for the third quarter ended September 30, 2008, which results were previously announced on November 6, 2008. The adjustment to the results for the third quarter ended September 30, 2008 was due to the recording of a non-cash impairment charge to goodwill in the amount of $40.0 million. In connection with the recently announced agreement to sell its Online images business to Getty Images, Inc., Jupitermedia concluded that goodwill was impaired as of September 30, 2008 based on the negotiations with Getty Images that occurred during the third quarter ended September 30, 2008.

Ad Operations Online » Getty Images Inc.;

Ad Ops Daily Briefs: March 4 2009

Ad Ops Daily Briefs: November 20 2008