WebMediaBrands formerly JupiterMedia has just announced that it is selling Internet.

com for 18 million to QuinStreet Inc. QuinStreet calls itself the leader in online performancebased vertical marketing.We believe that this transaction will be beneficial to WebMediaBrands and its stockholders as it will significantly improve our balance sheet and at the same time allow us to focus on growing BtoB communities in the nontech space, said WebMediaBrands Chairman and CEO Alan Meckler in a statement.From the release The Board of Directors of WebMediaBrands unanimously approved the transaction and resolved to recommend that WebMediaBrands stockholders approve the transaction.