----

----

----

----

| x | Quarterly Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 |
|---|----------------------------------------------------------------------------------------------------|

|  ̈ | Transition Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 |
|--------|-----------------------------------------------------------------------------------------------------|

----

----

|                                                          |   |                                |
|---------------------------------------------------------------|--------|-------------------------------------|
| Delaware                                                      |   | 06-1542480                          |
| (State or other jurisdiction ofincorporation or organization) |   | (I.R.S. EmployerIdentification No.) |
|                                                          |   |
| 50 Washington Street, Suite 912Norwalk, Connecticut           |   | 06854                               |
| (Address of principal executive offices)                      |   | (Zip Code)                          |

----

|                                          |                     |                                    |         |   |
|-----------------------------------------------|--------------------------|-----------------------------------------|--------------|--------|
| Large accelerated filer    ̈    |      | Accelerated filer    ̈    |    |   |
| Non-accelerated filer    ̈      |      | Smaller reporting company   x |    |   |
| (Do not check if a smaller reporting company) |                |                                    |

----

----

----

|                          |                                                                                                                 |  Page |
|-------------------------------|----------------------------------------------------------------------------------------------------------------------|------------|
| PART I. Financial Information |                                                                                                                 |
|                          |                                                                                                                 |       |
| Item 1.                       | Financial Statements                                                                                                 |       |
|                          |                                                                                                                 |       |
|                          | Consolidated Condensed Balance Sheets – December 31, 2010 and March 31, 2011 (unaudited)                       | 3          |
|                          |                                                                                                                 |       |
|                          | Unaudited Consolidated Condensed Statements of Operations – For the Three Months Ended March 31, 2010 and 2011 | 4          |
|                          |                                                                                                                 |       |
|                          | Unaudited Consolidated Condensed Statements of Cash Flows – For the Three Months Ended March 31, 2010 and 2011 | 5          |
|                          |                                                                                                                 |       |
|                          | Notes to Unaudited Consolidated Condensed Financial Statements                                                       | 6          |
|                          |                                                                                                                 |       |
| Item 2.                       | Management’s Discussion and Analysis of Financial Condition and Results of Operations                          | 14         |
|                          |                                                                                                                 |       |
| Item 3.                       | Quantitative and Qualitative Disclosures about Market Risk                                                           | 19         |
|                          |                                                                                                                 |       |
| Item 4.                       | Controls and Procedures                                                                                              | 19         |
|                          |                                                                                                                 |       |
| PART II. Other Information    |                                                                                                                 |
|                          |                                                                                                                 |       |
| Item 1.                       | Legal Proceedings                                                                                                    | 20         |
|                          |                                                                                                                 |       |
| Item 1A.                      | Risk Factors                                                                                                         | 20         |
|                          |                                                                                                                 |       |
| Item 2.                       | Unregistered Sales of Equity Securities and Use of Proceeds                                                          | 20         |
|                          |                                                                                                                 |       |
| Item 3.                       | Defaults Upon Senior Securities                                                                                      | 20         |
|                          |                                                                                                                 |       |
| Item 4.                       | (Removed and Reserved)                                                                                               | 20         |
|                          |                                                                                                                 |       |
| Item 5.                       | Other Information                                                                                                    | 20         |
|                          |                                                                                                                 |       |
| Item 6.                       | Exhibits                                                                                                             | 20         |
|                          |                                                                                                                 |       |
| Signatures                    |                                                                                                                 | 21         |

----

|                                                                                                                                                                 |   | December 31,2010 |     |   | March 31,2011 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------|----------|--------|---------------|--------|
| ASSETS                                                                                                                                                               |   |             |     |   |          |   |
| Current assets:                                                                                                                                                      |   |             |     |   |          |   |
| Cash and cash equivalents                                                                                                                                            |   | $                | 12,970   |   |          | $      | 11,100 |   |
| Accounts receivable, net of allowances of $10 and $10, respectively                                                                                                  |   |             | 581      |   |          |   | 726 |   |
| Income taxes receivable                                                                                                                                              |   |             | 392      |   |          |   | 189 |   |
| Prepaid expenses and other current assets                                                                                                                            |   |             | 520      |   |          |   | 591 |   |
| Total current assets                                                                                                                                                 |   |             | 14,463   |   |          |   | 12,606 |   |
|                                                                                                                                                                 |   |             |     |   |          |   |   |   |
| Property and equipment, net of accumulated depreciation of $1,556 and $1,198, respectively                                                                           |   |             | 728      |   |          |   | 672 |   |
| Intangible assets, net                                                                                                                                               |   |             | 1,535    |   |          |   | 1,814 |   |
| Goodwill                                                                                                                                                             |   |             | 10,261   |   |          |   | 10,189 |   |
| Investments and other assets                                                                                                                                         |   |             | 1,005    |   |          |   | 1,338 |   |
| Total assets                                                                                                                                                         |   | $                | 27,992   |   |          | $      | 26,619 |   |
|                                                                                                                                                                 |   |             |     |   |          |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                           |   |             |     |   |          |   |   |   |
| Current liabilities:                                                                                                                                                 |   |             |     |   |          |   |   |   |
| Accounts payable                                                                                                                                                     |   | $                | 1,210    |   |          | $      | 450 |   |
| Accrued payroll and related expenses                                                                                                                                 |   |             | 424      |   |          |   | 537 |   |
| Accrued expenses and other current liabilities                                                                                                                       |   |             | 1,447    |   |          |   | 1,411 |   |
| Deferred revenues                                                                                                                                                    |   |             | 817      |   |          |   | 1,384 |   |
| Total current liabilities                                                                                                                                            |   |             | 3,898    |   |          |   | 3,782 |   |
|                                                                                                                                                                 |   |             |     |   |          |   |   |   |
| Loan from related party                                                                                                                                              |   |             | 5,947    |   |          |   | 5,897 |   |
| Deferred revenues                                                                                                                                                    |   |             | 19       |   |          |   | 21 |   |
| Deferred income taxes                                                                                                                                                |   |             | 410      |   |          |   | 418 |   |
| Other long-term liabilities                                                                                                                                          |   |             | 57       |   |          |   | 58 |   |
| Total liabilities                                                                                                                                                    |   |             | 10,331   |   |          |   | 10,176 |   |
|                                                                                                                                                                 |   |             |     |   |          |   |   |   |
| Commitments and contingencies (see note 11)                                                                                                                          |   |             |     |   |          |   |   |   |
|                                                                                                                                                                 |   |             |     |   |          |   |   |   |
| Stockholders’ equity:                                                                                                                                          |   |             |     |   |          |   |   |   |
| Preferred stock, $.01 par value, 4,000,000 shares authorized, no shares issued                                                                                       |   |             | —  |   |          |   | — |   |
| Common stock, $.01 par value, 75,000,000 shares authorized, 37,986,851 and  38,101,513 shares issued at December 31, 2010 and March 31, 2011, respectively |   |             | 380      |   |          |   | 381 |   |
| Additional paid-in capital                                                                                                                                           |   |             | 281,087  |   |          |   | 281,217 |   |
| Accumulated deficit                                                                                                                                                  |   |             | (263,700 | )      |          |   | (265,049 | ) |
| Treasury stock, 65,000 shares at cost                                                                                                                                |   |             | (106     | )      |          |   | (106 | ) |
| Total stockholders’ equity                                                                                                                                     |   |             | 17,661   |   |          |   | 16,443 |   |
| Total liabilities and stockholders’ equity                                                                                                                     |   | $                | 27,992   |   |          | $      | 26,619 |   |

----

|                                                      |   | Three Months EndedMarch 31, |    |
|-----------------------------------------------------------|--------|-----------------------------|---------|
|                                                      |   | 2010                        |    |   | 2011 |   |
| Revenues                                                  |   | $                           | 1,904   |   |   | $ | 2,246 |   |
|                                                      |   |                        |    |   |   |   |   |   |
| Cost of revenues                                          |   |                        | 1,298   |   |   |   | 1,448 |   |
| Advertising, promotion and selling                        |   |                        | 529     |   |   |   | 432 |   |
| General and administrative                                |   |                        | 1,642   |   |   |   | 1,355 |   |
| Depreciation                                              |   |                        | 128     |   |   |   | 84 |   |
| Amortization                                              |   |                        | 11      |   |   |   | 118 |   |
|                                                      |   |                        |    |   |   |   |   |   |
| Total operating expenses                                  |   |                        | 3,608   |   |   |   | 3,437 |   |
|                                                      |   |                        |    |   |   |   |   |   |
| Operating loss from continuing operations                 |   |                        | (1,704  | ) |   |   | (1,191 | ) |
| Other income (loss), net                                  |   |                        | 8       |   |   |   | (4 | ) |
| Interest income                                           |   |                        | 17      |   |   |   | 35 |   |
| Interest expense                                          |   |                        | (230    | ) |   |   | (179 | ) |
|                                                      |   |                        |    |   |   |   |   |   |
| Loss from continuing operations before income taxes       |   |                        | (1,909  | ) |   |   | (1,339 | ) |
| Provision for income taxes                                |   |                        | 3       |   |   |   | 10 |   |
| Loss from continuing operations                           |   |                        | (1,912  | ) |   |   | (1,349 | ) |
| Loss on sale of discontinued operations                   |   |                        | (6      | ) |   |   | — |   |
|                                                      |   |                        |    |   |   |   |   |   |
| Net loss                                                  |   | $                           | (1,918  | ) |   | $ | (1,349 | ) |
| Loss per share:                                           |   |                        |    |   |   |   |   |   |
| Basic                                                     |   |                        |    |   |   |   |   |   |
| Loss from continuing operations                           |   | $                           | (0.05   | ) |   | $ | (0.04 | ) |
| Income from discontinued operations                       |   |                        | — |   |   |   | — |   |
| Net loss                                                  |   | $                           | (0.05   | ) |   | $ | (0.04 | ) |
| Diluted                                                   |   |                        |    |   |   |   |   |   |
| Loss from continuing operations                           |   | $                           | (0.05   | ) |   | $ | (0.04 | ) |
| Loss from discontinued operations                         |   |                        | — |   |   |   | — |   |
| Net loss                                                  |   | $                           | (0.05   | ) |   | $ | (0.04 | ) |
| Weighted average shares used in computing loss per share: |   |                        |    |   |   |   |   |   |
| Basic                                                     |   |                        | 37,185  |   |   |   | 37,977 |   |
| Diluted                                                   |   |                        | 37,185  |   |   |   | 37,977 |   |

----

|                                                                        |   | Three Months EndedMarch 31, |    |
|-----------------------------------------------------------------------------|--------|-----------------------------|---------|
|                                                                        |   | 2010                        |    |   | 2011 |   |
| Cash flows from operating activities:                                       |   |                        |    |   |   |   |
| Net loss                                                                    |   | $                           | (1,918  | ) |   | $ | (1,349 | ) |
| Less: Loss on sale of discontinued operations                               |   |                        | (6      | )  |   |   | — |   |
| Loss from continuing operations                                             |   |                        | (1,912  | ) |   |   | (1,349 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: |   |                        |    |   |   |   |   |   |
| Depreciation and amortization                                               |   |                        | 139     |   |   |   | 202 |   |
| Stock-based compensation                                                    |   |                        | 45      |   |   |   | 84 |   |
| Other, net                                                                  |   |                        | — |   |   |   | (4 | ) |
| Amortization of debt issuance costs                                         |   |                        | 34      |   |   |   | 8 |   |
| Deferred income taxes                                                       |   |                        | 2       |   |   |   | 8 |   |
| Changes in current assets and liabilities (net of businesses acquired):     |   |                        |    |   |   |   |   |   |
| Accounts receivable, net                                                    |   |                        | (180    | ) |   |   | (145 | )  |
| Prepaid expenses and other assets                                           |   |                        | 73      |   |   |   | (71 | ) |
| Income tax receivable                                                       |   |                        | 79      |   |   |   | 203 |   |
| Accounts payable, accrued expenses and other liabilities                    |   |                        | (21     | ) |   |   | (688 | ) |
| Deferred revenues                                                           |   |                        | 260     |   |   |   | 569 |   |
| Discontinued operations                                                     |   |                        | (5      | ) |   |   | — |   |
| Net cash used in operating activities                                       |   |                        | (1,486  | ) |   |   | (1,183 | ) |
| Cash flows from investing activities:                                       |   |                        |    |   |   |   |   |   |
| Purchases of property and equipment                                         |   |                        | (12     | ) |   |   | (24 | ) |
| Acquisitions of businesses, assets and other                                |   |                        | (91     | ) |   |   | (652 | ) |
| Net cash used in investing activities                                  |   |                        | (103    | )  |   |   | (676 | )  |
| Cash flows from financing activities:                                       |   |                        |    |   |   |   |   |   |
| Repayment of borrowings from related party                                  |   |                        | — |   |   |   | (50 | ) |
| Proceeds from exercise of stock options                                     |   |                        | 128     |   |   |   | 39 |   |
| Net cash provided by (used in) financing activities                    |   |                        | 128     |   |   |   | (11 | ) |
| Effects of exchange rates on cash                                           |   |                        | (1      | ) |   |   | — |   |
| Net decrease in cash and cash equivalents                                   |   |                        | (1,462  | )  |   |   | (1,870 | ) |
| Cash and cash equivalents, beginning of period                              |   |                        | 15,012  |   |   |   | 12,970 |   |
| Cash and cash equivalents, end of period                                    |   | $                           | 13,550  |   |   | $ | 11,100 |   |

----

|   | · | mediabistro.com, a blog network providing content, education, community and career resources about major media industry verticals including new media, social media, Facebook, TV news, sports news, advertising, public relations, publishing, design, mobile and the Semantic Web. The Company’s blog network consists of the following: |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10,000Words | AllTwitter  | FishbowlLA | MediaJobsDaily  | SocialTimes  | TVSpy   |
|--------|-------------|-------------|------------|-----------------|--------------|---------|
|   | AgencySpy   | eBookNewser | FishbowlNY | PRNewser        | SportsNewser | UnBeige |
|   | AllFacebook | FishbowlDC  | GalleyCat  | SemanticWeb.com | TVNewser     |    |

|   |   | The mediabistro.com business also includes an industry-leading job board for media and creative professionals focusing on job categories such as social media, online/new media, publishing, public relations/marketing, advertising, sales, design, web development,  television and more; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | AllCreativeWorld.com, a network of online properties providing content, education, community, career and other resources for creative and design professionals that includes the following Websites: |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| AdsoftheWorld    | DynamicGraphics     | LiquidTreat      |
|------------------|---------------------|------------------|
| BrandsoftheWorld | Graphics.com        | StepInsideDesign |
| Creativebits     | GraphicsDesignForum |             |

|   | · | Community, membership and e-commerce offerings including a freelance listing service, a marketplace for designing and purchasing logos and premium membership services. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|                     |   | Three Months Ended March 31, |
|--------------------------|--------|---------------------------------------------|
|                     |   | 2010                                        |   | 2011 |
| Risk-free interest rate  |   |                                        | 1.17% |   |   |   | 2.57% |   |
| Expected life (in years) |   |                                        | 2.6% |   |   |   | 6.0% |   |
| Dividend yield           |   |                                        | 0% |   |   |   | 0% |   |
| Expected volatility      |   |                                        | 116% |   |   |   | 93% |   |

|                                          |   |   | Shares    |    |   |   | WeightedAverageExercisePrice |   |   | WeightedAverageRemainingContractualTerm (years) |   |   |  AggregateIntrinsicValue(in thousands) |   |
|-----------------------------------------------|--------|--------|-----------|---------|--------|--------|------------------------------|--------|--------|------------------------------------------------------|--------|--------|--------------------------------------------------|--------|
| Outstanding at December 31, 2010         |   |   | 5,173,911 |    |   | $      | 1.00                         |   |   |                                                 |   |   |                                             |   |
| Granted                                       |   |   | 23,312    |    |   | $      | 1.37                         |   |   |                                                 |   |   |                                             |   |
| Exercised                                     |   |   | (114,662  | )  |   | $      | 0.34                         |   |   |                                                 |   |   |                                             |   |
| Forfeited, expired or cancelled               |   |   | (70,133   | )       |   | $      | 0.97                         |   |   |                                                 |   |   |                                             |   |
| Outstanding at March 31, 2011                 |   |   | 5,012,428 |    |   | $      | 1.02                         |   |   |                                                 | 4.25   |   |                                             | $      | 3,924 |   |
| Vested and expected to vest at March 31, 2011 |   |   | 4,851,648 |    |   | $      | 1.03                         |   |   |                                                 | 4.10   |   |                                             | $      | 3,808 |   |
| Exercisable at March 31, 2011                 |   |   | 3,121,647 |    |   | $      | 1.16                         |   |   |                                                 | 2.43   |   |                                             | $      | 2,741 |   |

----

|                                                                            |   | Three Months EndedMarch 31, |    |
|---------------------------------------------------------------------------------|--------|-----------------------------|---------|
|                                                                            |   | 2010                        |    |   | 2011 |   |
| Loss from continuing operations                                                 |   | $                           | (1,912  | ) |   | $ | (1,349 | ) |
| Loss on sale of discontinued operations                                         |   |                        | (6      | )  |   |   | — |   |
| Net loss                                                                        |   | $                           | (1,918  | ) |   | $ | (1,349 | ) |
|                                                                            |   |                        |    |   |   |   |   |   |
| Basic weighted average number of common shares outstanding                      |   |                        | 37,185  |   |   |   | 37,977 |   |
| Effect of dilutive stock options                                                |   |                        | — |   |   |   | — |   |
| Total basic weighted average number of common shares and dilutive stock options |   |                        | 37,185  |   |   |   | 37,977 |   |
|                                                                            |   |                        |    |   |   |   |   |   |
| Loss per share:                                                                 |   |                        |    |   |   |   |   |   |
| Basic                                                                           |   |                        |    |   |   |   |   |   |
| Loss from continuing operations                                                 |   | $                           | (0.05   | ) |   | $ | (0.04 | ) |
| Loss from discontinued operations                                               |   |                        | — |   |   |   | — |   |
| Net loss                                                                        |   | $                           | (0.05   | ) |   | $ | (0.04 | ) |
| Diluted                                                                         |   |                        |    |   |   |   |   |   |
| Loss from continuing operations                                                 |   | $                           | (0.05   | ) |   | $ | (0.04 | ) |
| Loss from discontinued operations                                               |   |                        | — |   |   |   | — |   |
| Net loss                                                                        |   | $                           | (0.05   | ) |   | $ | (0.04 | ) |

|                                  |                                  |   |   |   |   |   |
|---------------------------------------|---------------------------------------|--------|--------|--------|--------|--------|
|                                  | Three Months EndedMarch 31, |   |
|                                  | 2010                                  |   | 2011   |   |
| Number of anti-dilutive stock options |                                  |   | 4,963  |   |   |   | 5,012 |   |
| Weighted average exercise price       |                                  | $      | 1.30   |   |   | $      | 1.02 |   |

----

|                      |   | December 31, 2010 |   |
|---------------------------|--------|-------------------|--------|
|                      |   | Cost              |   |   | AccumulatedAmortization |   |   | NetCarryingValue |   |
| Website development costs |   | $                 | 238    |   |   | $ | (36 | ) |   | $ | 202 |   |
| Customer relationships    |   |              | 187    |   |   |   | (62 | ) |   |   | 125 |   |
| Content development costs |   |              | 160    |   |   |   | (77 | ) |   |   | 83 |   |
| Copyrights and trademarks |   |              | 39     |   |   |   | (7 | ) |   |   | 32 |   |
| Non-compete agreements    |   |              | 53     |   |   |   | (27 | )  |   |   | 26 |   |
| Total                     |   | $                 | 677    |   |   | $ | (209 | ) |   | $ | 468 |   |

|                      |   | March 31, 2011 |   |
|---------------------------|--------|----------------|--------|
|                      |   | Cost           |   |   | AccumulatedAmortization |   |   | NetCarryingValue |   |
| Customer relationships    |   | $              | 374    |   |   | $ | (109 | ) |   | $ | 265 |   |
| Website development costs |   |           | 290    |   |   |   | (64 | ) |   |   | 226 |   |
| Content development costs |   |           | 165    |   |   |   | (97 | ) |   |   | 68 |   |
| Non-compete agreements    |   |           | 109    |   |   |   | (47 | ) |   |   | 62 |   |
| Copyrights and trademarks |   |           | 39     |   |   |   | (10 | )  |   |   | 29 |   |
| Total                     |   | $              | 977    |   |   | $ | (327 | ) |   | $ | 650 |   |

----

| Years Ending December 31: |   |
|--------------------------------|--------|
| 2011                           |   | $ | 270 |   |
| 2012                           |   |   | 287 |   |
| 2013                           |   |   | 89 |   |
| 2014                           |   |   | 4 |   |
| 2015 & thereafter          |   |   | — |   |
|                           |   | $ | 650 |   |

|         |   | December 31,2010 |   |   | March 31,2011 |   |
|--------------|--------|------------------|--------|--------|---------------|--------|
|         |   |             |   |   |          |   |   |   |
| Domain names |   | $                | 1,067  |   |          | $      | 1,164 |   |

| Balance as of December 31, 2010   |    | $      | 10,261 |    |
|-----------------------------------|--------------|--------|--------|--------------|
| Goodwill acquired during the year |         |   | 267    |         |
| Purchase accounting adjustments   |         |   | (339   | )            |
| Balance as of March 31, 2011      |         | $      | 10,189 |         |

----

|                              |   | December 31,2010 |   |   | March 31,2011 |   |
|-----------------------------------|--------|------------------|--------|--------|---------------|--------|
| Accrued acquisition contingencies |   | $                | 695    |   |          | $      | 695 |   |
| Customer overpayments             |   |             | 274    |   |          |   | 215 |   |
| Other                             |   |             | 478    |   |          |   | 501 |   |
| Total                             |   | $                | 1,447  |   |          | $      | 1,411 |   |

----

----

|   Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
|--------------------------|---------------------------------------------------------------------------------------------|

|   | · | mediabistro.com, a leading blog network providing content, education, community and career resources about major media industry verticals including new media, social media, Facebook, TV news, sports news, advertising, public relations, publishing, design, mobile and the Semantic Web.  Our blog network consists of the following: |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10,000Words | AllTwitter  | FishbowlLA | MediaJobsDaily  | SocialTimes  | TVSpy   |
|--------|-------------|-------------|------------|-----------------|--------------|---------|
|   | AgencySpy   | eBookNewser | FishbowlNY | PRNewser        | SportsNewser | UnBeige |
|   | AllFacebook | FishbowlDC  | GalleyCat  | SemanticWeb.com | TVNewser     |    |

|   | · | AllCreativeWorld.com, a leading network of online properties providing content, education, community, career and other resources for creative and design professionals that includes the following Websites: |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| AdsoftheWorld    | DynamicGraphics     | LiquidTreat      |
|------------------|---------------------|------------------|
| BrandsoftheWorld | Graphics.com        | StepInsideDesign |
| Creativebits     | GraphicsDesignForum |             |

|   | · | Community, membership and e-commerce offerings including a freelance listing service, a marketplace for designing and purchasing logos and premium membership services. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | · | fees charged for online job postings; |
|--------|--------|---------------------------------------|

|   | · | attendee registration fees for our online and in-person courses; |
|--------|--------|------------------------------------------------------------------|

|   | · | advertising on our Websites and e-mail newsletters; |
|--------|--------|-----------------------------------------------------|

|   | · | attendee registration fees to our trade shows; |
|--------|--------|------------------------------------------------|

|   | · | exhibition space fees and vendor sponsorships to our trade shows; and |
|--------|--------|-----------------------------------------------------------------------|

|   | · | subscription sales for our paid membership services. |
|--------|--------|------------------------------------------------------|

|                |   | Three Months EndedMarch 31, |   |   | 2010 vs. 2011 |   |
|---------------------|--------|----------------------------------|--------|--------|---------------|--------|
|                |   | 2010                             |   |   | 2011          |   |   | $ |   |   |   | % |   |
| Online job postings |   | $                                | 792    |   |          | $      | 1,149 |   |   | $ | 357 |   |   |   | 45% |   |
| Education           |   |                             | 463    |   |          |   | 460 |   |   |   | (3 | ) |   |   | (1 | ) |
| Advertising         |   |                             | 331    |   |          |   | 356 |   |   |   | 25 |   |   |   | 8 |   |
| Trade shows         |   |                             | 114    |   |          |   | 34 |   |   |   | (80 | ) |   |   | (70 | ) |
| Other               |   |                             | 204    |   |          |   | 247 |   |   |   | 43 |   |   |   | 21 |   |
| Total               |   | $                                | 1,904  |   |          | $      | 2,246 |   |   | $ | 342 |   |   |   | 18% |   |

----

----

|             |   | Three Months EndedMarch 31, |   |   | 2010 vs. 2011 |   |
|------------------|--------|-----------------------------|--------|--------|---------------|--------|
|             |   | 2010                        |   |   | 2011          |   |   | $ |   |   |   |   | % |   |
| Interest income  |   | $                           | 17     |   |          | $      | 35 |   |   | $ | 18 |   |   |   | 106% |   |
| Interest expense |   |                        | (230   | )      |          |   | (179 | ) |   |   | 51 |   |   |   | 22 |   |

|                 | Three Months EndedMarch 31, |   | 2010 vs. 2011 |   |
|----------------------|-----------------------------|--------|---------------|--------|
|                 | 2010                        |   | 2011          |   | $ |   |   |   | % |   |
| Operating cash flows |                        | $      | (1,486        | )      |   | $ | (1,183 | ) |   | $ | 303 |   |   |   | 20% |   |
| Investing cash flows |                        |   | (103          | )      |   |   | (676 | )  |   |   | (573 | ) |   |   | (556 | ) |
| Financing cash flows |                        |   | 128           |   |   |   | (11 | ) |   |   | (139 | )  |   |   | (109 | ) |

|                      |   | As of                 |   |   | 2010 vs. 2011 |   |
|---------------------------|--------|-----------------------|--------|--------|---------------|--------|
|                      |   | December 31,2010 |   |   | March 31,2011 |   |   | $ |   |   |   | % |   |
| Cash and cash equivalents |   | $                     | 12,970 |   |          | $      | 11,100 |   |   | $ | (1,870 | ) |   |   | (14% | ) |
| Working capital           |   |                  | 10,565 |   |          |   | 8,824 |   |   |   | (1,741 | ) |   |   | (16 | ) |
| Loan from related party   |   |                  | 5,947  |   |          |   | 5,897 |   |   |   | (50 | ) |   |   | (1 | ) |

----

----

|  Item 3. | Quantitative & Qualitative Disclosures about Market Risk |
|--------------------|-------------------------------------------------------------------|

|  Item 4. | Controls and Procedures |
|--------------------|-------------------------|

----

| Item 1. | LEGAL PROCEEDINGS |
|--------------|-------------------|

| Item 1A. | RISK FACTORS |
|---------------|--------------|

| Item 2. | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS |
|--------------|-------------------------------------------------------------|

| Item 3. | DEFAULTS UPON SENIOR SECURITIES |
|--------------|---------------------------------|

| Item 4. | (REMOVED AND RESERVED) |
|--------------|------------------------|

| Item 5. | OTHER INFORMATION |
|--------------|-------------------|

| Item 6. | EXHIBITS |
|--------------|----------|

|          |         |                                                                                                                   |
|---------------|--------------|------------------------------------------------------------------------------------------------------------------------|
| ExhibitNumber |    | Description                                                                                                            |
|          |         |
| 31.1          |    | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                |
|          |         |
| 31.2          |    | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                |
|          |         |
| 32.1          |    | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
|          |         |
| 32.2          |    | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |

----

|                |   |                                                                                                                                                          |
|---------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Dated: May 13, 2011 |   | WebMediaBrands Inc.                                                                                                                                           |
|                |   |
|                |   | /s/ Alan M. Meckler  Alan M. MecklerChairman and Chief Executive Officer                                                                                 |
|                |   |                                                                                                                                                          |
|                |   |
|                |   | /s/ Donald J. O’Neill  Donald J. O’NeillVice President and Chief Financial Officer(Principal Financial Officer and Chief Accounting Officer) |

----