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                                                                   EXHIBIT 10.33

                            [ZIFF DAVIS MEDIA LOGO]

                                                June 20, 2003

PERSONAL AND CONFIDENTIAL
Mr. Larry Green
356 Broadway, Apartment 3B
New York, NY  10013

Dear Larry:

         We are pleased to extend to you our offer of employment with Ziff Davis
Media Inc. (ZDM) as Senior Vice President, Business Development and Worldwide
Licensing for the company. You will jointly report both to Bob Callahan, the
Chairman and CEO and to me, the Chief Operating Officer and CFO. As we have
discussed, this is an important position at ZDM, and it will certainly give you
the opportunity to make a major contribution to our business. The challenges for
ZDM now and in the future are substantial. We welcome your playing a key role in
defining and building-out the global licensing business and also developing the
longer-term business growth strategies for each of the ZDM divisional groups.

         This letter sets forth the terms of our offer:

BASE SALARY

         Your annual base salary will be $225,000. You will be eligible for an
annual review in which your base salary and other compensation may be adjusted
on a discretionary basis. Your initial review will occur on approximately the
first anniversary of your starting date with ZDM and subsequent reviews will
occur approximately at the time that other members of the management team
receive their reviews. Base salary will be paid in accordance with ZDM's
standard payroll policies as may be in effect from time to time. Currently, base
salary is paid on the 15th and the last day of each month.

ANNUAL INCENTIVE BONUS

         Your annual incentive bonus target for 2003 will be approximately
$125,000 and will be based on ZDM's operating performance as well as specific
quantitative and qualitative objectives that we will mutually develop. Payment
of the annual incentive bonus is at ZDM's discretion and to the extent ZDM
determines it is payable, it shall be payable by March 31, of the following year
(e.g., the incentive bonus for 2003 shall be payable by March 31, 2004) provided
you remain a

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Mr. Larry Green
June 20, 2003
Page 2

full-time employee of ZDM continuously through such date. Your annual incentive
bonus target for future years will be determined by you and ZDM on later dates.
This annual incentive will be prorated based on the number of days you are
employed by ZDM during 2003.

EMPLOYEE STOCK OPTION PLAN

         I will recommend that you be granted an option (the "Option") to
purchase shares of certain classes of the capital stock of Ziff Davis Holdings
Inc. ("ZDH"), ZDM's indirect parent, pursuant to the ZDH's 2002 Employee Stock
Option Plan ("Plan"), on the next date grants from the Plan are made following
the day you commence your employment. We currently expect the next grant to
occur sometime in the fourth quarter of 2003. The number of shares of each class
of stock subject to the Option, and the respective exercise prices thereof,
would be as determined by the compensation committee of ZDH. The Option would be
subject to the terms and conditions of an option agreement in the form approved
by ZDH ("Option Agreement"), and the Plan, and subject to your execution of the
Option Agreement.

MEDICAL, DENTAL, LIFE AND DISABILITY INSURANCE AND OTHER BENEFITS

         You will be eligible to participate in the standard ZDM benefits
programs that may be in effect from time to time. Your rights and eligibility
under each benefits plan will be governed by the terms of such plan. Under ZDM's
current plans, you would be eligible to participate in medical, dental, life and
disability insurance, and flexible spending and dependent care accounts,
effective on the 1st day of your employment with ZDM.

401(k) PLAN

         You will be eligible to participate in ZDM's 401(k) plan that may be in
effect from time to time. Your rights and eligibility under each benefits plan
will be governed by the terms of such plan. Under ZDM's current 401(k) plan, you
would be eligible to participate effective on the 1st day of your employment
with ZDM. Among other provisions, ZDM's current 401(k) plan provides that each
pay period ZDM will make a matching contribution equal to 50% of the
contribution you make up to 4% of your compensation (i.e., the matching
contribution may be up to 2% of your compensation), with such matching
contributions vesting over a period of 3 years.

VACATION

         You will receive 4 weeks of vacation per year beyond the company
holidays.

GENERAL

         Your employment will be on at "at will" basis and may be terminated by
either you or ZDM at any time, with or without advance notice or warning, for
any reason or no reason. You will be subject to ZDM's employment policies in
effect from time to time. ZDM reserves the right to at any time to change its
employment policies and to change the terms of (or to discontinue) any of its
benefits plans (including its 401 (k) plan). This letter contains the entire
agreement of the parties with respect to the subject matter hereof, and
supersedes all other discussions, negotiations and understandings, whether
written or oral, with respect to such subject matter. This letter may not be
amended except in a writing signed by each party provided, however, that no
amendment altering the "at will" nature of your employment will be effective

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Mr. Larry Green
June 20, 2003
Page 3

unless signed by the Chief Executive Officer of ZDM. Signatures received via
facsimile shall be deemed originals for all purposes.

         This offer shall be contingent upon your ability to commence full-time
employment with ZDM by no later than July 17, 2003.

         We are extremely pleased to offer you this opportunity to join ZDM and
Bob Callahan and I, personally, look forward to once again working with you.
Please indicate your agreement with the terms of this letter by signing below
and returning your signed copy to me.

         I look forward to your long and prosperous relationship with Ziff Davis
Media Inc.

                                                Sincerely,

                                                Bart W. Catalane
                                                Chief Operating Officer and CFO

cc:      Bob Callahan

AGREED AND ACCEPTED:

/s/ Larry Green                                 July 14, 2003
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Larry Green                                     Date