WebMediaBrands (WEBM) Authorizes Common Buyback Program

WebMediaBrands Inc. (Nasdaq: WEBM) reports its Board has approved a stock repurchase program whereby WebMediaBrands may repurchase its common stock from time to time in the open market or through privately negotiated transactions. WebMediaBrands intends to finance the repurchase of its stock with cash and purchases will not be made if they would reduce WebMediaBrands cash below $1.2 million.

The purchase plan is expected to continue indefinitely and the amount of purchases will depend on cash available and other investment and business opportunities.

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