CyberMedia Expands Globally - Acquires Strategic Stake in Computer Shopper

New Delhi, India - Feb 22nd 2006 : Cyber Media (India) Ltd. today announced its purchase of 20% stake in Sx2 Media Labs LLC, a new company formed by David Sills and Ston ey brook Capital, which has recently taken over Computer Shopper magazine, a 26 year old print publication that serves as a monthly guide to new technology and shopping guide for more than 300 products per issue on information technology and related items. The transaction is effective immediately.

Earlier in February 2006, New York based Sx2 Media Labs acquired part of CNET's publishing business portfolio comprising of Computer Shopper, CNET Digital Living, College Buying Guide, Computershopper.com and custom publishing that together generated revenues in excess of US $19 million during the fiscal year ended Dec 2004.

The Computer Shopper Magazine, with a circulation in excess of 450,000, enjoys a strong competitive positioning amongst the top three B2C computer magazines. Computer Shopper has been ranked #1 in the “Considerable Advertising Interest” study by MRI Fall, 2005.

Speaking on the occasion, Mr. Pradeep Gupta, Chairman and Managing Director of CyberMedia said “CyberMedia's strategic investment in Sx2 Media Labs is aimed at leveraging its 23 year IT and Telecom publishing experience to partner with Sx2 Media Labs in growing Computer Shopper and its allied brands, College Buying Guide, CNET Digital Living and Computershopper.com, over all types of media delivery vehicles. We are excited to be part of Sx2 Media Labs journey into the future with the brand history loaded, Computer Shopper Magazine.”

"We're excited about partnering with CyberMedia, South Asia's leading specialty media house, in our venture to take Computer Shopper to the next level," said Barry Schwimmer, Chairman of SX2 Media Labs. "The Sx2 Media Labs and CyberMedia partnership will create value in infusing new life-force to Computer Shopper, a magazine that has impressed the market with its enduring popularity with its readers, thanks to the efforts of its top-notch editorial staff."

About CyberMedia

CyberMedia is South Asia's first and largest specialty media house, with twelve publications (including Dataquest, PCQuest and Global Services) in the infotech, telecom, consumer electronics and biotech areas; and a media value chain including the internet (www.ciol.com), events and television. The group's media services include market research (IDC India), job board (CyberMedia Dice), content management, multimedia, and media education.

About SX2 Media Labs

SX2 Media Labs LLC was formed in 2005 with the mission of becoming a major provider of technology enthusiast information. The acquisition of Computer Shopper Magazine marks the company's first major step towards this goal.

Cyber Media (India) Ltd.

Pramiti Bhargava
pramitib@cybermedia.co.in
Tel: 0124 – 5031234, Extn 254

At Sx2 Media Labs
Josh London
+1-646 472-3853