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| x | Quarterly Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2010. |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

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| Delaware(State or other jurisdiction ofincorporation or organization)                       | 06-1542480(I.R.S. EmployerIdentification No.) |
|---------------------------------------------------------------------------------------------|-----------------------------------------------|
|                                                                                        |                                          |
| 50 Washington Street, Suite 912Norwalk, Connecticut(Address of principal executive offices) | 06854(Zip Code)                               |
|  (203) 662-2800(Registrant’s telephone number, including area code)              |

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

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|                          |                                                                                                                                           | Page     |
|-------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------|----------|
| PART I. Financial Information |                                                                                                                                           |
|                          |                                                                                                                                           |     |
| Item 1.             | Financial Statements                                                                                                                 |     |
|                          |                                                                                                                                           |     |
|                          | Consolidated Condensed Balance Sheets – December 31, 2009 and September 30, 2010 (unaudited)                                   | 3        |
|                          |                                                                                                                                           |     |
|                          | Unaudited Consolidated Condensed Statements of Operations – For the Three Months and Nine Months Ended September 30, 2009 and 2010  | 4        |
|                          |                                                                                                                                           |     |
|                          | Unaudited Consolidated Condensed Statements of Cash Flows – For the Nine Months Ended September 30, 2009 and 2010                   | 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 31,2009 |     |   | September 30,2010 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------|----------|--------|-------------------|--------|
|                                                                                                                                                          |   |             |     |   | (unaudited)       |   |
| ASSETS                                                                                                                                                        |   |             |     |   |              |   |
| Current assets:                                                                                                                                               |   |             |     |   |              |   |
| Cash and cash equivalents                                                                                                                                     |   | $                | 15,012   |   |              | $      | 11,310 |   |
| Accounts receivable, net of allowances of $90 and $71, respectively                                                                                           |   |             | 500      |   |              |   | 465 |   |
| Income taxes receivable                                                                                                                                       |   |             | 2,379    |   |              |   | 443 |   |
| Prepaid expenses and other current assets                                                                                                                     |   |             | 500      |   |              |   | 462 |   |
| Total current assets                                                                                                                                          |   |             | 18,391   |   |              |   | 12,680 |   |
|                                                                                                                                                          |   |             |     |   |              |   |   |   |
| Property and equipment, net of accumulated depreciation of $1,800 and $1,511, respectively                                                                    |   |             | 1,086    |   |              |   | 795 |   |
| Intangible assets, net                                                                                                                                        |   |             | 990      |   |              |   | 1,485 |   |
| Goodwill                                                                                                                                                      |   |             | 9,495    |   |              |   | 10,389 |   |
| Investments and other assets                                                                                                                                  |   |             | 1,051    |   |              |   | 1,033 |   |
| Assets held for sale                                                                                                                                          |   |             | 2,000    |   |              |   | 1,681 |   |
| Total assets                                                                                                                                                  |   | $                | 33,013   |   |              | $      | 28,063 |   |
|                                                                                                                                                          |   |             |     |   |              |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                    |   |             |     |   |              |   |   |   |
| Current liabilities:                                                                                                                                          |   |             |     |   |              |   |   |   |
| Accounts payable                                                                                                                                              |   | $                | 566      |   |              | $      | 345 |   |
| Accrued payroll and related expenses                                                                                                                          |   |             | 811      |   |              |   | 546 |   |
| Accrued expenses and other current liabilities                                                                                                                |   |             | 2,516    |   |              |   | 1,944 |   |
| Deferred revenues                                                                                                                                             |   |             | 955      |   |              |   | 1,364 |   |
| Total current liabilities                                                                                                                                     |   |             | 4,848    |   |              |   | 4,199 |   |
|                                                                                                                                                          |   |             |     |   |              |   |   |   |
| Loan from related party                                                                                                                                       |   |             | 6,197    |   |              |   | 5,997 |   |
| Deferred revenues                                                                                                                                             |   |             | 92       |   |              |   | 19 |   |
| Deferred income taxes                                                                                                                                         |   |             | 1,122    |   |              |   | 1,308 |   |
| Other long-term liabilities                                                                                                                                   |   |             | 586      |   |              |   | 645 |   |
| Total liabilities                                                                                                                                             |   |             | 12,845   |   |              |   | 12,168 |   |
|                                                                                                                                                          |   |             |     |   |              |   |   |   |
| Commitments and contingencies (see note 13)                                                                                                                   |   |             |     |   |              |   |   |   |
|                                                                                                                                                          |   |             |     |   |              |   |   |   |
| 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, 37,060,723 and 37,718,201 shares issued at December 31, 2009 and September 30, 2010, respectively |   |             | 371      |   |              |   | 377 |   |
| Additional paid-in capital                                                                                                                                    |   |             | 280,556  |   |              |   | 280,890 |   |
| Accumulated deficit                                                                                                                                           |   |             | (260,680 | )      |              |   | (265,279 | ) |
| Treasury stock, 65,000 shares at cost                                                                                                                         |   |             | (106     | )      |              |   | (106 | ) |
| Accumulated other comprehensive income                                                                                                                        |   |             | 27       |   |              |   | 13 |   |
|                                                                                                                                                          |   |             |     |   |              |   |   |   |
| Total stockholders’ equity                                                                                                                              |   |             | 20,168   |   |              |   | 15,895 |   |
|                                                                                                                                                          |   |             |     |   |              |   |   |   |
| Total liabilities and stockholders’ equity                                                                                                              |   | $                | 33,013   |   |              | $      | 28,063 |   |

----

|                                                               |   | Three Months EndedSeptember 30, |    |   | Nine Months EndedSeptember 30, |   |
|--------------------------------------------------------------------|--------|---------------------------------|---------|--------|--------------------------------|--------|
|                                                               |   | 2009                            |    |   | 2010                           |   |   | 2009 |   |   | 2010 |   |
| Revenues                                                           |   | $                               | 1,473   |   |                           | $      | 1,943 |   |   | $ | 4,444 |   |   | $ | 6,300 |   |
|                                                               |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Cost of revenues                                                   |   |                            | 941     |   |                           |   | 1,307 |   |   |   | 3,101 |   |   |   | 4,005 |   |
| Advertising, promotion and selling                                 |   |                            | 369     |   |                           |   | 399 |   |   |   | 1,350 |   |   |   | 1,423 |   |
| General and administrative                                         |   |                            | 2,178   |   |                           |   | 1,277 |   |   |   | 9,582 |   |   |   | 4,290 |   |
| Depreciation                                                       |   |                            | 173     |   |                           |   | 104 |   |   |   | 515 |   |   |   | 350 |   |
| Amortization                                                       |   |                            | 62      |   |                           |   | 102 |   |   |   | 230 |   |   |   | 134 |   |
| Impairment                                                         |   |                            | — |   |                           |   | 319 |   |   |   | 662 |   |   |   | 319 |   |
| Restructuring charge                                               |   |                            | — |   |                           |   | — |   |   |   | 875 |   |   |   | — |   |
|                                                               |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Total operating expenses                                           |   |                            | 3,723   |   |                           |   | 3,508 |   |   |   | 16,315 |   |   |   | 10,521 |   |
|                                                               |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Operating loss from continuing operations                          |   |                            | (2,250  | )      |                           |   | (1,565 | ) |   |   | (11,871 | ) |   |   | (4,221 | ) |
| Other income, net                                                  |   |                            | 42      |   |                           |   | 25 |   |   |   | 216 |   |   |   | 64 |   |
| Interest income                                                    |   |                            | 3       |   |                           |   | 14 |   |   |   | 161 |   |   |   | 227 |   |
| Interest expense                                                   |   |                            | (182    | )      |                           |   | (194 | ) |   |   | (1,674 | ) |   |   | (627 | ) |
| Loss on extinguishment of debt                                     |   |                            | — |   |                           |   | — |   |   |   | (2,119 | ) |   |   | — |   |
| Loss on fair value of interest rate swap                           |   |                            | — |   |                           |   | — |   |   |   | (6,732 | ) |   |   | — |   |
|                                                               |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Loss from continuing operations before income taxes           |   |                            | (2,387  | )      |                           |   | (1,720 | ) |   |   | (22,019 | ) |   |   | (4,557 | ) |
| Provision (benefit) for income taxes                               |   |                            | 1,367   |   |                           |   | — |   |   |   | (1,484 | ) |   |   | 20 |   |
| Loss from continuing operations                                    |   |                            | (3,754  | )      |                           |   | (1,720 | ) |   |   | (20,535 | ) |   |   | (4,577 | ) |
| Loss from discontinued operations, net of tax                      |   |                            | (850    | )      |                           |   | — |   |   |   | (968 | ) |   |   | — |   |
| Gain (loss) on sale of discontinued operations                     |   |                            | (41     | )      |                           |   | 7 |   |   |   | 6,976 |   |   |   | (22 | ) |
|                                                               |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                           |   | $                               | (4,645  | )      |                           | $      | (1,713 | ) |   | $ | (14,527 | ) |   | $ | (4,599 | ) |
| Income (loss) per share:                                           |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                              |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Loss from continuing operations                                    |   | $                               | (0.10   | )      |                           | $      | (0.05 | ) |   | $ | (0.56 | ) |   | $ | (0.12 | ) |
| Income (loss) from discontinued operations                         |   |                            | (0.03   | )      |                           |   | — |   |   |   | 0.16 |   |   |   | — |   |
| Net loss                                                           |   | $                               | (0.13   | )      |                           | $      | (0.05 | ) |   | $ | (0.40 | ) |   | $ | (0.12 | ) |
| Diluted                                                            |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Loss from continuing operations                                    |   | $                               | (0.10   | )      |                           | $      | (0.05 | ) |   | $ | (0.56 | ) |   | $ | (0.12 | ) |
| Income (loss) from discontinued operations                         |   |                            | (0.03   | )      |                           |   | — |   |   |   | 0.16 |   |   |   | — |   |
| Net loss                                                           |   | $                               | (0.13   | )      |                           | $      | (0.05 | ) |   | $ | (0.40 | ) |   | $ | (0.12 | ) |
| Weighted average shares used in computing income (loss) per share: |   |                            |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                              |   |                            | 36,813  |   |                           |   | 37,650 |   |   |   | 36,377 |   |   |   | 37,444 |   |
| Diluted                                                            |   |                            | 36,813  |   |                           |   | 37,650 |   |   |   | 36,377 |   |   |   | 37,444 |   |

----

|                                                                                               |   | Nine Months EndedSeptember 30, |    |
|----------------------------------------------------------------------------------------------------|--------|-------------------------------------|---------|
|                                                                                               |   | 2009                                |    |   | 2010 |   |
| Cash flows from operating activities:                                                              |   |                                |    |   |   |   |
| Net loss                                                                                           |   | $                                   | (14,527 | ) |   | $ | (4,599 | ) |
| Less: Loss from discontinued operations, net of tax                                                |   |                                | (968    | ) |   |   | — |   |
| Less: Gain (loss) on sale of discontinued operations                                               |   |                                | 6,976   |   |   |   | (22 | ) |
| Loss from continuing operations                                                                    |   |                                | (20,535 | ) |   |   | (4,577 | ) |
| Adjustments to reconcile loss from continuing operations to net cash used in operating activities: |   |                                |    |   |   |   |   |   |
| Loss on fair value of interest rate swap                                                           |   |                                | 6,732   |   |   |   | — |   |
| Impairment                                                                                         |   |                                | 662     |   |   |   | 319 |   |
| Depreciation and amortization                                                                      |   |                                | 745     |   |   |   | 484 |   |
| Stock-based compensation                                                                           |   |                                | 1,906   |   |   |   | 118 |   |
| Other, net                                                                                         |   |                                | (150    | ) |   |   | 10 |   |
| Amortization of debt issuance costs                                                                |   |                                | 11      |   |   |   | 53 |   |
| Loss on extinguishment of debt                                                                     |   |                                | 2,119   |   |   |   | — |   |
| Deferred income taxes                                                                              |   |                                | (2,561  | ) |   |   | 3 |   |
| Excess tax benefit from stock-based compensation                                                   |   |                                | (3,226  | ) |   |   | — |   |
| Changes in assets and liabilities (net of businesses acquired):                                    |   |                                |    |   |   |   |   |   |
| Accounts receivable, net                                                                           |   |                                | 34      |   |   |   | 34 |   |
| Prepaid expenses and other assets                                                                  |   |                                | 3,586   |   |   |   | 11 |   |
| Income taxes receivable                                                                            |   |                                | 960     |   |   |   | 1,936 |   |
| Accounts payable, accrued expenses and other liabilities                                           |   |                                | (2,420  | ) |   |   | (1,130 | ) |
| Deferred revenues                                                                                  |   |                                | (125    | ) |   |   | 336 |   |
| Discontinued operations                                                                            |   |                                | 1,547   |   |   |   | (22 | ) |
| Net cash used in operating activities                                                              |   |                                | (10,715 | ) |   |   | (2,425 | ) |
| Cash flows from investing activities:                                                              |   |                                |    |   |   |   |   |   |
| Purchases of property and equipment                                                                |   |                                | (233    | ) |   |   | (66 | ) |
| Acquisitions of businesses, assets and other                                                       |   |                                | (1,593  | ) |   |   | (1,200 | ) |
| Proceeds from sale of discontinued operations                                                      |   |                                | 91,205  |   |   |   | — |   |
| Discontinued operations                                                                            |   |                                | (560    | ) |   |   | — |   |
| Net cash provided by (used in) investing activities                                           |   |                                | 88,819  |   |   |   | (1,266 | ) |
| Cash flows from financing activities:                                                              |   |                                |    |   |   |   |   |   |
| Borrowings from related party                                                                      |   |                                | 7,197   |   |   |   | — |   |
| Settlement of interest rate swap                                                                   |   |                                | (6,732  | ) |   |   | — |   |
| Debt issuance costs                                                                                |   |                                | (384    | ) |   |   | (9 | ) |
| Repayment of borrowings from related party                                                         |   |                                | — |   |   |   | (200 | ) |
| Repayment of borrowings under credit facilities                                                    |   |                                | (81,213 | ) |   |   | — |   |
| Excess tax benefit from stock-based compensation                                                   |   |                                | 3,226   |   |   |   | — |   |
| Proceeds from exercise of stock options                                                            |   |                                | 246     |   |   |   | 213 |   |
| Net cash provided by (used in) financing activities                                           |   |                                | (77,660 | ) |   |   | 4 |   |
| Effects of exchange rates on cash                                                                  |   |                                | (65     | ) |   |   | (15 | ) |
| Net increase (decrease) in cash and cash equivalents                                               |   |                                | 379     |   |   |   | (3,702 | ) |
| Cash and cash equivalents, beginning of period                                                     |   |                                | 3,755   |   |   |   | 15,012 |   |
| Cash and cash equivalents, end of period                                                           |   | $                                   | 4,134   |   |   | $ | 11,310 |   |

----

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

| AgencySpy   | FishbowlLA     | PRNewser     | TVNewser  |
|-------------|----------------|--------------|-----------|
| AllFacebook | FishbowlNY     | SocialTimes  | UnBeige   |
| eBookNewser | GalleyCat      | SportsNewser | WebNewser |
| FishbowlDC  | MediaJobsDaily | ThinkMobile  |      |

|   | · | SemanticWeb.com, a leading content Website about the Semantic Web; |
|--------|--------|--------------------------------------------------------------------|

|   | · | BrandsoftheWorld.com, AdsoftheWorld.com and other related Websites that provide content for creative, advertising and design professionals; and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | e-commerce Websites including FreelanceConnect.com and StockLogos.com. |
|--------|--------|------------------------------------------------------------------------|

----

----

|                     |   |  Nine Months EndedSeptember 30, |   |
|--------------------------|--------|--------------------------------------|--------|
|                     |   | 2009                                 |   | 2010 |   |
| Risk-free interest rate  |   | 1.55                                 | %      |   | 1.02 | % |   |
| Expected life (in years) |   | 3.5                                  |   |   | 3.7 |   |   |
| Dividend yield           |   | 0                                    | %      |   | 0 | % |   |
| Expected volatility      |   | 92                                   | %      |   | 109 | % |   |

|                                              | Shares    |   |   | WeightedAverageExercisePrice |   | WeightedAverageRemainingContractualTerm (years) |   | AggregateIntrinsicValue(in thousands) |   |
|---------------------------------------------------|-----------|--------|--------|------------------------------|--------|------------------------------------------------------|--------|--------------------------------------------|--------|
| Outstanding at December 31, 2009             | 5,697,758 |   |   | $                            | 1.53   |                                                 |   |                                       |   |   |   |
| Granted                                           | 1,201,200 |   |   | $                            | 0.80   |                                                 |   |                                       |   |   |   |
| Exercised                                         | (657,478  | )      |   | $                            | 0.32   |                                                 |   |                                       |   |   |   |
| Forfeited, expired or cancelled                   | (535,749  | )      |   | $                            | 5.55   |                                                 |   |                                       |   |   |   |
| Outstanding at September 30, 2010                 | 5,705,731 |   |   | $                            | 1.14   |                                                 | 4.50   |                                       | $      | 1,820 |   |
| Vested and expected to vest at September 30, 2010 | 5,362,180 |   |   | $                            | 1.16   |                                                 | 4.25   |                                       | $      | 1,783 |   |
| Exercisable at September 30, 2010                 | 3,357,631 |   |   | $                            | 1.40   |                                                 | 2.69   |                                       | $      | 1,526 |   |

----

|                                                                            |   | Three Months EndedSeptember 30, |    |    | Nine Months EndedSeptember 30, |   |
|---------------------------------------------------------------------------------|--------|---------------------------------|---------|---------|--------------------------------|--------|
|                                                                            |   | 2009                            |    |    | 2010                           |   |   | 2009 |   |   | 2010 |   |
| Loss from continuing operations                                                 |   | $                               | (3,754  | )       |                           | $      | (1,720 | ) |   | $ | (20,535 | ) |   | $ | (4,577 | ) |
| Loss from discontinued operations, net of tax                                   |   |                            | (850    | )       |                           |   | — |   |   |   | (968 | ) |   |   | — |   |
| Gain (loss) on sale of discontinued operations                                  |   |                            | (41     | )       |                           |   | 7 |   |   |   | 6,976 |   |   |   | (22 | ) |
| Net loss                                                                        |   | $                               | (4,645  | )       |                           | $      | (1,713 | ) |   | $ | (14,527 | ) |   | $ | (4,599 | ) |
|                                                                            |   |                            |    |    |                           |   |   |   |   |   |   |   |   |   |   |   |
| Basic weighted average number of common shares outstanding                      |   |                            | 36,813  |    |                           |   | 37,650 |   |   |   | 36,377 |   |   |   | 37,444 |   |
| Effect of dilutive stock options                                                |   |                            | — |    |                           |   | — |   |   |   | — |   |   |   | — |   |
| Total basic weighted average number of common shares and dilutive stock options |   |                            | 36,813  |    |                           |   | 37,650 |   |   |   | 36,377 |   |   |   | 37,444 |   |
|                                                                            |   |                            |    |    |                           |   |   |   |   |   |   |   |   |   |   |   |
| Income (loss) per share:                                                        |   |                            |    |    |                           |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                                           |   |                            |    |    |                           |   |   |   |   |   |   |   |   |   |   |   |
| Loss from continuing operations                                                 |   | $                               | (0.10   | )  |                           | $      | (0.05 | ) |   | $ | (0.56 | ) |   | $ | (0.12 | ) |
| Income (loss) from discontinued operations                                      |   |                            | (0.03   | )  |                           |   | — |   |   |   | 0.16 |   |   |   | — |   |
| Net loss                                                                        |   | $                               | (0.13   | )  |                           | $      | (0.05 | ) |   | $ | (0.40 | ) |   | $ | (0.12 | ) |
| Diluted                                                                         |   |                            |    |    |                           |   |   |   |   |   |   |   |   |   |   |   |
| Loss from continuing operations                                                 |   | $                               | (0.10   | )  |                           | $      | (0.05 | ) |   | $ | (0.56 | ) |   | $ | (0.12 | ) |
| Income (loss) from discontinued operations                                      |   |                            | (0.03   | )  |                           |   | — |   |   |   | 0.16 |   |   |   | — |   |
| Net loss                                                                        |   | $                               | (0.13   | )  |                           | $      | (0.05 | ) |   | $ | (0.40 | ) |   | $ | (0.12 | ) |

|                                  | Three and Nine MonthsEnded September 30, |   |
|---------------------------------------|------------------------------------------|--------|
|                                  | 2009                                     |   | 2010 |   |
| Number of anti-dilutive stock options |                                     |   | 5,872 |   |   |   | 5,706 |   |
| Weighted average exercise price       |                                     | $      | 2.00 |   |   | $ | 1.14 |   |

----

|                      |   | December 31, 2009 |   |
|---------------------------|--------|-------------------|--------|
|                      |   | Cost              |   |   | AccumulatedAmortization |   |   | NetCarryingValue |   |
| Content development costs |   | $                 | 72     |   |   | $ | (17 | ) |   | $ | 55 |   |
| Website development costs |   |              | 15     |   |   |   | — |   |   |   | 15 |   |
| Total                     |   | $                 | 87     |   |   | $ | (17 | ) |   | $ | 70 |   |

|                      |   | September 30, 2010 |   |
|---------------------------|--------|--------------------|--------|
|                      |   | Cost               |   |   | AccumulatedAmortization |   |   | NetCarryingValue |   |
| Customer relationships    |   | $                  | 187    |   |   | $ | (47 | ) |   | $ | 140 |   |
| Website development costs |   |               | 151    |   |   |   | (23 | ) |   |   | 128 |   |
| Content development costs |   |               | 145    |   |   |   | (57 | ) |   |   | 88 |   |
| Non-compete agreements    |   |               | 53     |   |   |   | (20 | ) |   |   | 33 |   |
| Copyrights and trademarks |   |               | 33     |   |   |   | (4 | ) |   |   | 29 |   |
| Total                     |   | $                  | 569    |   |   | $ | (151 | ) |   | $ | 418 |   |

| Years Ending December 31: |   |
|--------------------------------|--------|
| 2010                           |   | $ | 58 |   |
| 2011                           |   |   | 205 |   |
| 2012                           |   |   | 138 |   |
| 2013                           |   |   | 17 |   |
| 2014                           |   |   | — |   |
|                           |   | $ | 418 |   |

----

|         |   | December 31,2009 |   |   | September 30,2010 |   |
|--------------|--------|------------------|--------|--------|-------------------|--------|
| Domain names |   | $                | 920    |   |              | $      | 1,067 |   |

| Balance as of December 31, 2009   |    | $      | 9,495  |    |
|-----------------------------------|--------------|--------|--------|--------------|
| Goodwill acquired during the year |         |   | 1,125  |         |
| Purchase accounting adjustments   |         |   | (231   | )            |
| Balance as of September 30, 2010  |         | $      | 10,389 |         |

|                                                                   |   | December 31,2009 |    |   | September 30,2010 |   |
|------------------------------------------------------------------------|--------|------------------|---------|--------|-------------------|--------|
| Accrued acquisition contingencies                                      |   | $                | 967     |   |              | $      | 921 |   |
| Working capital purchase price adjustment related to Internet.com Sale |   |             | — |   |              |   | 300 |   |
| Cash received on behalf of the acquirer of the Internet.com business   |   |             | 201     |   |              |   | — |   |
| Customer overpayments                                                  |   |             | 506     |   |              |   | 64 |   |
| Accrued professional fees                                              |   |             | 248     |   |              |   | 91 |   |
| Accrued property and capital taxes                                     |   |             | 196     |   |              |   | 143 |   |
| Other                                                                  |   |             | 398     |   |              |   | 425 |   |
| Total                                                                  |   | $                | 2,516   |   |              | $      | 1,944 |   |

----

----

|                                                                                        |   | Three Months EndedSeptember 30, |    |   | Nine Months EndedSeptember 30, |   |
|---------------------------------------------------------------------------------------------|--------|---------------------------------|---------|--------|--------------------------------|--------|
|                                                                                        |   | 2009                            |    |   | 2010                           |   |   | 2009 |   |   | 2010 |   |
| Net loss                                                                                    |   | $                               | (4,645  | )      |                           | $      | (1,713 | ) |   | $ | (14,527 | )  |   | $ | (4,599 | ) |
| Foreign currency translation adjustment                                                     |   |                            | (2      | )      |                           |   | (15 | ) |   |   | (1,560 | )  |   |   | (14 | ) |
| Reclassification adjustment for loss included in net loss related to foreign currency       |   |                            | — |   |                           |   | — |   |   |   | 1,163 |   |   |   | — |   |
| Change in fair value of interest rate swap, net of income taxes                             |   |                            | — |   |                           |   | — |   |   |   | 320 |   |   |   | — |   |
| Reclassification adjustment for loss included in net loss related to the interest rate swap |   |                            | — |   |                           |   | — |   |   |   | 4,328 |   |   |   | — |   |
| Total comprehensive loss                                                                    |   | $                               | (4,647  | )      |                           | $      | (1,728 | ) |   | $ | (10,276 | )  |   | $ | (4,613 | ) |

----

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

|   | · | mediabistro.com, a leading blog network providing content, career and educational resources about major media markets and industry verticals including new media, social media, TV news, advertising, public relations, publishing, design, and mobile.  Our blog network consists of the focllowing: |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| AgencySpy   | FishbowlLA     | PRNewser     | TVNewser  |
|-------------|----------------|--------------|-----------|
| AllFacebook | FishbowlNY     | SocialTimes  | UnBeige   |
| eBookNewser | GalleyCat      | SportsNewser | WebNewser |
| FishbowlDC  | MediaJobsDaily | ThinkMobile  |      |

|   | · | SemanticWeb.com, a leading content Website about the Semantic Web; and |
|--------|--------|------------------------------------------------------------------------|

|   | · | BrandsoftheWorld.com, AdsoftheWorld.com and other related Websites that provide content for creative, advertising and design professionals; and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | e-commerce Websites including FreelanceConnect.com and StockLogos.com. |
|--------|--------|------------------------------------------------------------------------|

|   | · | 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 from our trade shows;  |
|--------|--------|--------------------------------------------------------|

|   | · | exhibition space and sponsorship fees from our trade shows; and  |
|--------|--------|-----------------------------------------------------------------------|

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

----

|                |   | Three Months EndedSeptember 30, |   |   | 2009 vs. 2010 |   |   | Nine Months EndedSeptember 30, |   |   | 2009 vs. 2010 |   |
|---------------------|--------|--------------------------------------|--------|--------|---------------|--------|--------|--------------------------------|--------|--------|---------------|--------|
|                |   | 2009                                 |   |   | 2010          |   |   | $                              |   |   | %             |   |   | 2009 |   |   | 2010 |   |   | $ |   |   | % |   |
|                |   |                                 |   |   |          |   |   |                           |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Online job postings |   | $                                    | 546    |   |          | $      | 997    |                           |   | $      | 451           |   |   |   | 83 | % |   | $ | 1,466 |   |   | $ | 2,700 |   |   | $ | 1,234 |   |   |   | 84 | % |
| Education           |   |                                 | 426    |   |          |   | 387    |                           |   |   | (39           | )      |   |   | (9 | ) |   |   | 1,367 |   |   |   | 1,301 |   |   |   | (66 | ) |   |   | (5 | ) |
| Advertising         |   |                                 | 203    |   |          |   | 253    |                           |   |   | 50            |   |   |   | 25 |   |   |   | 496 |   |   |   | 1,006 |   |   |   | 510 |   |   |   | 103 |   |
| Trade shows         |   |                                 | 98     |   |          |   | 92     |                           |   |   | (6            | )      |   |   | (6 | ) |   |   | 475 |   |   |   | 658 |   |   |   | 183 |   |   |   | 39 |   |
| Other               |   |                                 | 200    |   |          |   | 214    |                           |   |   | 14            |   |   |   | 7 |   |   |   | 640 |   |   |   | 635 |   |   |   | (5 | ) |   |   | (1 | ) |
| Total               |   | $                                    | 1,473  |   |          | $      | 1,943  |                           |   | $      | 470           |   |   |   | 32 | % |   | $ | 4,444 |   |   | $ | 6,300 |   |   | $ | 1,856 |   |   |   | 42 | % |

----

----

|             |   | Three Months EndedSeptember 30, |   |   | 2009 vs. 2010 |   | Nine Months EndedSeptember 30, |   |   | 2009 vs. 2010 |
|------------------|--------|---------------------------------|--------|--------|---------------|--------|--------------------------------|--------|--------|---------------|
|             |   | 2009                            |   |   | 2010          |   |                           | $      |   |          | % |   | 2009 |   |   | 2010 |   |   | $ |   |   | % |
| Interest income  |   | $                               | 3      |   |          | $      | 14                             |   |   | $             | 11 |   |   |   | 367 | % |   | $ | 161 |   |   | $ | 227 |   |   | $ | 66 |   |   |   | 41 | % |
| Interest expense |   |                            | (182   | )      |          |   | (194                           | )      |   |          | (12 | ) |   |   | (7 | ) |   |   | (1,674 | ) |   |   | (627 | ) |   |   | 1,047 |   |   |   | 63 | % |

----

|                                         |   | Nine Months EndedSeptember 30, |    |   | 2009 vs. 2010 |   |
|----------------------------------------------|--------|--------------------------------|---------|--------|---------------|--------|
|                                         |   | 2009                           |    |   | 2010          |   |   | $ |   |   | % |   |
| Operating cash flows                         |   | $                              | (10,715 | )      |          | $      | (2,425 | ) |   | $ | 8,290 |   |   |   | 77 | % |
| Investing cash flows                         |   |                           | 88,819  |   |          |   | (1,266 | ) |   |   | (90,085 | ) |   |   | (101 | ) |
| Financing cash flows                         |   |                           | (77,660 | )      |          |   | 4 |   |   |   | 77,664 |   |   |   | 100 |   |
| Acquisitions of businesses, assets and other |   |                           | (1,593  | )      |          |   | (1,200 | ) |   |   | 393 |   |   |   | 25 |   |
| Purchases of property and equipment          |   |                           | (233    | )      |          |   | (66 | ) |   |   | 167 |   |   |   | 72 |   |

|                      |   | As of                 |   |   | 2009 vs. 2010     |
|---------------------------|--------|-----------------------|--------|--------|-------------------|
|                      |   | December 31,2009 |   |   | September 30,2010 |   |   | $ |   |   |   | % |
| Cash and cash equivalents |   | $                     | 15,012 |   |              | $ | 11,310 |   |   | $ | (3,702 | ) |   |   | (25 | )% |
| Accounts receivable, net  |   |                  | 500    |   |              |   | 465 |   |   |   | (35 | ) |   |   | (7 | ) |
| Loan from related party   |   |                  | 6,197  |   |              |   | 5,997 |   |   |   | (200 | ) |   |   | (3 | ) |
| Working capital           |   |                  | 13,543 |   |              |   | 8,481 |   |   |   | (5,062 | ) |   |   | (37 | ) |

----

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

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

----

| Item 1. | LEGAL PROCEEDINGS None. |
|--------------|------------------------------|

| Item 1A. | RISK FACTORS The primary risk factors affecting our business have not changed materially from the risk factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2009. |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Item 2. | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Not Applicable |
|--------------|---------------------------------------------------------------------------------|

| Item 3. | DEFAULTS UPON SENIOR SECURITIES Not Applicable |
|--------------|-----------------------------------------------------|

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

| Item 5. | OTHER INFORMATION Not Applicable |
|--------------|---------------------------------------|

| Item 6. | EXHIBITS The following is a list of exhibits filed as part of this Report on Form 10-Q. |
|--------------|----------------------------------------------------------------------------------------------|

| 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 |

----

|   | WebMediaBrands Inc.                                                                                                                                                                                                                                                                                                                             |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                 |
|   |                                                                                                                                                                                                                                                                                                                                                 |
|   |                         /s/ Alan M. Meckler                                      |
|   | Alan M. Meckler                                                                                                                                                                                                                                                                                                                                      |
|   | Chairman and Chief Executive Officer                                                                                                                                                                                                                                                                                                                 |
|   |                                                                                                                                                                                                                                                                                                                                                 |
|   |                                                                                                                                                                                                                                                                                                                                                 |
|   |                         /s/ Donald J. O’Neill                              |
|   | Donald J. O’Neill                                                                                                                                                                                                                                                                                                                              |
|   | Vice President and Chief Financial Officer                                                                                                                                                                                                                                                                                                           |
|   | (Principal Financial Officer and Chief Accounting Officer)                                                                                                                                                                                                                                                                                      |

----