Monday, December 8, 2008

JUPITERMEDIA ANNOUNCES EARLY TERMINATION OF WAITING PERIOD UNDER HART-SCOTT-RODINO ACT

DARIEN, CT (December 8, 2008) - Jupitermedia Corporation ("Jupitermedia") (NASDAQ: JUPM) announced today that the U.S. Department of Justice and Federal Trade Commission have granted early termination of the Hart-Scott-Rodino review period for the proposed sale of Jupiterimages Corporation ("Jupiterimages"), a wholly-owned subsidiary of Jupitermedia, to Getty Images, Inc. ("Getty Images"). The transaction still requires the satisfaction or waiver of the other closing conditions set forth in the stock purchase agreement. Jupitermedia expects the transaction to close in early 2009.

Important Additional Information Regarding the Stock Purchase Agreement and the Proposed Sale of Jupiterimages will be filed with the Securities and Exchange Commission (SEC).

This communication is not a solicitation of a proxy from any security holder of Jupitermedia. In connection with the stock purchase agreement between Jupitermedia and Getty Images, Inc., Jupitermedia Corporation has filed a preliminary proxy statement with the U.S. Securities and Exchange Commission and will file a definitive proxy statement with the U.S. Securities and Exchange Commission. THE DEFINITIVE PROXY STATEMENT WILL BE SENT TO JUPITERMEDIA CORPORATION STOCKHOLDERS, WHO ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER RELEVANT MATERIALS WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE STOCK PURCHASE AGREEMENT, THE PROPOSED SALE OF JUPITERIMAGES AND THE PARTIES TO THE STOCK PURCHASE AGREEMENT. Jupitermedia Corporation investors and security holders may obtain free copies of these documents (when they are available) and other documents filed with the Securities and Exchange Commission at its web site at www.sec.gov. In addition, investors and security holders may obtain free copies of the documents filed with the Securities and Exchange Commission by going to Jupitermedia Corporation's Investors page on its corporate website at www.Jupitermedia.com/corporate/investors.html.

Jupitermedia Corporation and its directors and officers may be deemed to be participants in the solicitation of proxies from the stockholders of Jupitermedia Corporation in connection with the stock purchase agreement and the proposed sale of Jupiterimages. Information about Jupitermedia Corporation and its directors and officers can be found in its proxy statements on Schedule 14A and annual reports on Form 10-K filed with the Securities and Exchange Commission, as well as on Jupitermedia Corporation's Investors page on its corporate website at www.Jupitermedia.com/corporate/investors.html. Additional information regarding the interests of those persons may be obtained by reading the proxy statement for the proposed transaction when it becomes available.

Source: Jupitermedia


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