Jupiter 1Q08 results: revenue, margins decline
JupiterMedia released its results for the 1st quarter of 2008 showing a year-over-year decline in both actual revenue and profit margins. These came despite growth in the company’s high-end royalty-free subscription business, JupiterImages Unlimited, and its micro-stock business, StockXpert. According to the company, decreased revenue from JupiterImages’ distribution network and lower-than-anticipated job-board revenue from MediaBistro contributed to the disappointing numbers. Jupiter’s stock closed at $2.17 per share on Friday, May 9, about 26% of it’s 52-week high of $8.38.
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JupiterMedia CEO, Alan Meckler has announced on his 
Jupitermedia has announced the appointment of James Alexander to the position of Senior Vice President and General manager of Jupiterimages. Alexander comes to Jupiter from Adobe where he led the now discontinued Adobe Stock Photos (ASP) division. He will work at Jupiter’s head offices in Darien, Connecticut and will report directly to Jupitermedia President and COO, Chris Cardell.
Jupitermedia Corporation (Nasdaq: 
Jupitermedia Corporation (
Jupiterimages, a division of Jupitermedia Corporation (Nasdaq: JUPM), has announced that photo industry veteran Ellen Herbert has been promoted to Senior Director, Creative Content. Ellen joined Jupiterimages in January of 2006 and previously led creative for the FoodPix brand. In this new role she will lead the West Coast office of Jupiterimages for content creation and photographer affiliations.
Beate Chelette, the founder of the Beateworks, a boutique agency that specialized in architecture, interior design and celebrity homes, will leave the post she has held since Corbis bought her company in March, 2006. After the sale to Corbis, the company appointed Chelette to the position of Senior Director of Photography, Entertainment. Edie Tobias, a veteran of the stock photo industry who most recently worked for Jupiter Images, will take over for Chelette effective immediately.
Looking back at 2007 in the stock photo industry, several interesting stories come to the fore. The year started with a bang when news leaked about a possible acquisition of Jupiter by Getty. That deal never happened, but several other high-profile acquisitions did take place last year, from Getty’s acquisitions of WireImage, Punchstock and Pump Audio to the purchase of Veer by Corbis. Jupiter took a break from the stock photo business buying spree of previous years but remained busy developing its events and on-line media segments which included the launch of several new trade shows and the acquisition of MediaBistro.
