j2 Global More than Doubles Size of its Digital Media Business with Acquisition of IGN Entertainment

  j2 Global More than Doubles Size of its Digital Media Business with
  Acquisition of IGN Entertainment

Business Wire

LOS ANGELES -- February 4, 2013

j2 Global, Inc. (NasdaqGS: JCOM), today announced that its Ziff Davis, Inc.
subsidiary has acquired IGN Entertainment, a leader in video game,
entertainment and men’s lifestyle content, from News Corporation (NASDAQ: NWS,
NWSA; ASX: NWS, NWSLV). The acquisition provides j2 with a group of
world-class digital properties.

The combination of Ziff Davis’ properties including, amongst others,
PCMAG.com, Geek.com and Toolbox.com, with IGN’s properties, IGN.com, UGO.com,
1UP.com and AskMen.com, make the group one of the largest digital publishers
reaching tech, video game and entertainment enthusiasts. In addition, these
properties have over 600 advertisers and 53 million global monthly unique
visitors. This acquisition more than doubles the revenues of j2’s digital
media business.

All of these properties predominantly attract males 18-34, and the group’s
advertisers will now have access to a larger audience and a broader array of
premium inventory. In addition, IGN’s strength in video content coupled with
Ziff Davis’ strength in data analytics will allow the group’s marketing
partners to more efficiently reach its demographically attractive audience.

“This is a transformative deal for our digital media business,” said Hemi
Zucker, CEO of j2 Global. “By combining two of the most storied organizations
in tech, gaming and entertainment, we have created a very powerful company
capable of producing and delivering content in all forms to an audience that
marketers highly value.” Added Vivek Shah, CEO of Ziff Davis, “IGN and AskMen
are tremendous best-in-class brands that we are proud to have as part of our
digital media portfolio.”

The transaction is expected to be accretive to j2’s 2013 earnings, exclusive
of transition costs.

About j2 Global

j2 Global (JCOM) provides Internet services through its two divisions:
Business Cloud Services and Digital Media. The Business Cloud Services
Division offers Internet fax, virtual phone, hosted email, email marketing,
online backup, unified communications and CRM solutions. It markets its
services principally under the brand names eFax®, eVoice®, FuseMail®,
Campaigner®, KeepItSafe® and Onebox® and operates a messaging network spanning
49 countries on six continents. The Digital Media Division, created with j2
Global’s November 2012 acquisition of Ziff Davis, Inc., offers trusted news
and reviews of technology products on its web properties, which include
PCMag.com, ExtremeTech.com, ComputerShopper.com, Toolbox.com and Geek.com. The
Digital Media Division also operates BuyerBase^®, an advanced ad-targeting
platform; LogicBuy.com, a leading provider of online deals; and Ziff Davis
B2B, a leading provider of research to enterprise buyers and leads to IT
vendors. As of December 31, 2011, j2 Global had achieved 16 consecutive fiscal
years of revenue growth. For more information about j2 Global, please visit
www.j2global.com.

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of
1995: Certain statements in this Press Release are "forward-looking
statements" within the meaning of The Private Securities Litigation Reform Act
of 1995, including but not limited to statements regarding opportunities to
cross-promote content amongst the IGN and Ziff Davis sites and IGN’s video
network being a powerful driver of growth. These forward-looking statements
are based on management's current expectations or beliefs and are subject to
numerous assumptions, risks and uncertainties that could cause actual results
to differ materially from those described in the forward-looking statements.
These factors and uncertainties include, among other items: the ability to
successfully integrate IGN into Ziff Davis; third party online advertising
spend; growth in the video advertising market; and the numerous other factors
set forth in j2's filings with the Securities and Exchange Commission ("SEC").
For a more detailed description of the risk factors and uncertainties
affecting j2, refer to the 2011 Annual Report on Form 10-K filed by j2 on
February, 2012, and the other reports filed by j2 from time-to-time with the
SEC, each of which is available at www.sec.gov. The forward-looking statements
provided in this press release are based on limited information available to
j2 at this time, which is subject to change. Although management's
expectations may change after the date of this press release, j2 undertakes no
obligation to revise or update these statements.

Contact:

j2 Global, Inc.
Laura Hinson, 800-577-1790
laura.hinson@j2.com
 
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