10-Q Watch: Jupitermedia-MediaBistro; Scripps Interactive; Lee Enterprises, Classmates.com

Jupitermedia: In its 10-Q, the stock photo and online media company, says its MediaBistro unit did revenue of $2.3 million in the latest quarter, and $4.4 million in the first half. Based on the $5 million in revenue the company did in the second half of last year, the unit now has trailing revenue of $9.4 million. So while MediaBistro continues to grow, Jupitermedia (NSDQ: JUPM) is warning about ad spending at its other media properties, due to slower spending from tech company advertisers. Excluding MediaBistro, the media business had Q1 revenue of $6.6 million, down from $7.3 million a year ago. Also, on the earnout, looks like MB is hitting it: Besides the $20 million in cash, Jupitermedia had to make a payment of additional $3.0 million based profit targets achieved by MB for the period from July 1, 2007 to June 30, 2008; and for the period from July 1, 2008 to June 30, 2009. Based on MB’s results until June 30th this year, Jupitermedia has recorded a liability of $900,000, which means that’s the amount it will pay sometime in the near future.

*Scripps* Interactive: The company’s 10-Q breaks out online ad revenue at the unit: “We continue to successfully develop our network brands on the Internet. Online advertising revenues were approximately $20.1 million in the second quarter of 2008 compared with $19.3 million in the second quarter of 2007. Year-to-date online advertising revenues were $36.4 million in 2008 compared with $34.7 million in 2007.”

Lee Enterprises: The newspaper company has the distinction of being among the few media companies that saw an online ad decrease during Q208. Online advertising at Lee decreased $1,467,000, or 9.1 percent, on a same property basis. Online retail advertising grew strongly, but online classified advertising was negatively impacted by declines in print classified advertising.

United Online: The company still has some hopes for a Classmates.com IPO… United Online (NSDQ: UNTD) canceled its IPO plans in December last year, due to what it termed as market conditions. Of course they are much worse now, but the company’s 10-Q says: “While it still remains the Company’s strategy to complete an IPO of CMC, because the Company believes that capital markets have not improved significantly since the CMC Form S-1 registration statement was withdrawn in December 2007 and there is limited visibility as to when capital markets might improve significantly, the Company has concluded that it is unlikely that an IPO will be completed before 2009. As such, the Company determined, on June 23, 2008, that the $3.9 million in deferred transaction-related costs relating to the IPO would be expensed in the quarter ended June 30, 2008 and the Company’s financial results and the financial results of its Classmates Media segment for the quarter and six months ended June 30, 2008 were negatively impacted.”