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Jupiter Media CEO Alan Meckler is blogging about why he sold Search Engine Strategies and ClickZ, two of the company’s most valuable assets for $43 million in cash. The units generated $23.6 million in gross profits that year.
Says Meckler, “I believe I made the right decision to sell some assets, avoid stock dilution, and dramatically grow our JupiterImages division. Hopefully all of our stockholders will applaud this thinking in the coming months.”
Sure feels like 1999 again. Gee, anyone wanna buy a great blog?