Getty Images to Acquire Jupiterimages

* Reuters is not responsible for the content in this press release.

Thu Oct 23, 2008 8:00am EDT

Acquisition Will Enhance the Jupiterimages Brand, Provide a Broader Selection
of Digital Content Across All Platforms, Media and Geographies and Improve
Customer Service 

SEATTLE, Oct. 23 /PRNewswire/ -- Getty Images, Inc., the world's leading
creator and distributor of visual content and other digital media, today
announced that it has entered into a definitive agreement to acquire
Jupiterimages, a wholly-owned subsidiary of Jupitermedia (Nasdaq: JUPM), for
$96 million in cash. The acquisition will benefit existing and potential
customers by making even more digital content easily accessible. The
acquisition is subject to the approval of shareholders and the receipt of
certain regulatory approvals.

"The digital content market is expanding, and the customers of both Getty
Images and Jupiterimages will benefit from the combination of these
businesses," said Jonathan Klein, co-founder and CEO of Getty Images.
"Jupiterimages' customers already appreciate its value-based offerings, and
through this acquisition we will be able to offer more content, better
technology, more customer service and additional local content. Combining
Jupiterimages' product with Getty Images' extensive media assets and global
distribution will further enhance Getty Images' offerings and provide more
relevant content to both companies' customers while extending the presence of
the Jupiterimages brand to customers around the world." 

Getty Images will retain the Jupiterimages brand and website, and will
integrate Getty Images' technology, licensing expertise, content, business
processes and service. Jupiterimages' large portfolio of wholly-owned imagery
will allow Getty Images to offer still more versatility and flexibility in
providing imagery and other content assets to customers. Additionally, Getty
Images' global distribution channels will increase international customers'
access to Jupiterimages' products and services, including the Jupiterimages
Unlimited subscription product. 

"Jupiterimages has built a foundation that Getty Images will build upon to the
benefit of customers worldwide," added Klein. "Getty Images has always been
dedicated to making strategic investments that will provide long-term value to
our customers." 


About Getty Images
Getty Images is the world's leading creator and distributor of still imagery,
footage and multi-media products, as well as a recognized provider of other
forms of premium digital content, including music.  Getty Images serves
business customers in more than 100 countries and is the first place creative
and media professionals turn to discover, purchase and manage images and other
digital content.  Its award-winning photographers and imagery help customers
produce inspiring work which appears every day in the world's most influential
newspapers, magazines, advertising campaigns, films, television programs,
books and websites.  Visit Getty Images at http://www.gettyimages.com to learn
more about how the company is advancing the unique role of digital media in
communications and business, and enabling creative ideas to come to life. 


For more information, please contact:

    Media:
    Edelman for Getty Images
    John Dillard, 212-704-8174, john.dillard@edelman.com and
    Meaghan Smith, 212-704-8196, meaghan.smith@edelman.com

    Getty Images
    Bridget Russel, Senior Director, Corporate Communications
    206.925.6405
    bridget.russel@gettyimages.com

    Alison Crombie, Senior Director, Public Relations
    +44 (0) 207 424 8081
    alison.crombie@gettyimages.com



SOURCE  Getty Images, Inc.

John Dillard, +1-212-704-8174, john.dillard@edelman.com, or Meaghan Smith,
+1-212-704-8196, meaghan.smith@edelman.com, both of Edelman for Getty Images;
Bridget Russel, Senior Director, Corporate Communications, +1-206-925-6405,
bridget.russel@gettyimages.com, or Alison Crombie, Senior Director, Public
Relations, +44 (0) 207 424 8081, alison.crombie@gettyimages.com, both of Getty
Images
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