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INTERNET.COM REPORTS RESULTS FOR THE QUARTER ENDED MARCH 31, 2001

(New York, NY -May 8, 2001) -- internet.com Corporation (Nasdaq: INTM), the Internet & IT Network, today reported results for the quarter ended March 31, 2001. Revenues for the first quarter of 2001 increased to $12.0 million, a 25% increase over revenues of $9.6 million for the same period last year. Net loss for the first quarter, excluding amortization of intangibles, workforce redundancy costs and losses on venture investments, was $3.9 million, or $0.15 per share, compared to net income of $85,000, or $0.00 per share, for the same period last year. Including amortization of intangibles, workforce redundancy costs and losses on venture investments, net loss for the first quarter ended March 31, 2001 was $14.3 million, or $0.57 per share.

"Our proposed name change from internet.com Corporation to INT Media Group, Incorporated, more accurately reflects our current business as a media company as well as our strategy to continue to expand our services, online and offline, to Internet and IT professionals," stated internet.com Chairman and CEO Alan M. Meckler. "Online, the internet.com Network, including the recently acquired EarthWeb sites, is a trade publishing company unmatched by any other with nearly 5.0 million unique Internet and IT professional users worldwide. Offline, we have over 20 Internet and IT-specific events scheduled for 2001 for our seminar operations, which include a number of internally generated properties as well as the recently acquired Intermedia Group events. We are also moving aggressively into market research using our existing operations and those already created by Intermedia Group. Our strong balance sheet, with $36.5 million in cash, $31.9 million in working capital and no debt as of March 31, 2001, combined with a more efficient operating model due to our ongoing expense reduction initiatives, leaves us well positioned for the future. Despite the difficult economic environment, these initiatives and our multi-faceted revenue lines should restore the company to breakeven operations short-term and return us to a cash positive operating basis before the end of this year." added Meckler.

Workforce and Expense Reduction Initiatives

On April 2, 2001, internet.com announced that it was eliminating approximately 15% of its total workforce. These staff reductions are part of an ongoing effort to increase the efficiency and effectiveness of internet.com's media operations. The majority of the reductions involved positions made redundant by recent acquisitions of a number of Web sites and Internet media properties, both domestically and internationally. Other reductions were the result of the softening advertising market that has negatively impacted both traditional media print publications and trade shows, as well as new media properties.

Acquisitions

internet.com continued to pursue strategic acquisitions to strengthen its content offerings and services. During the first quarter we announced the acquisition and re-launch of NewMedia.com, a vertical site targeted toward Internet professionals, from HyperMedia Communications Inc. In addition, internet.com acquired Intermedia Group, Inc., an integrated conference, consulting and event management firm specializing in emerging information technology markets.

New Content Areas and Services

During the first quarter, internet.com continued to expand and strengthen its world-class proprietary content offerings and services with the launch of the following internally developed sites:

• ApplicationPlanet.com (breaks new ground in coverage of the Application Service Provider (ASP) market)
• eCRMGuide.com (the definitive source for Customer Relationship Management (CRM) technology)
• NetworkStorageForum.com (news and resources for network attached storage, storage area networks, backup and administration, outsourcing, RAID and datamining/warehousing)
• WirelessAdWatch.com (provides users with in-depth wireless marketing data, news, company profiles and insight)
• OpticallyNetworked.com (news and resources for optical network builders)

E-Commerce Agreements, Licensing and Alliances

internet.com continued to expand its e-commerce relationships, adding new agreements with many of the Internet's well-known brands. Additional partners added during the first quarter included: ChekFaxx Development Company, Inc., Digi-Net Technologies, Fourth Technologies Inc., NoStops.com, 1GlobalPlace, Inc., QualGuard, Sell It Direct, L.L.C., Ulead Systems, Inc. and Webster Group International. internet.com works with each of its commerce partners to increase their traffic, generate additional revenue and support their brands by promoting their brands, products and services to our audience of nearly 5.0 million unique users worldwide.

During the first quarter internet.com entered into an exclusive alliance with Dice.com, part of EarthWeb Inc. (Nasdaq: EWBX), and simultaneously launched a new vertical content channel - the Careers Channel.

Seminars and Conferences

internet.com runs paid conferences on Internet and IT-specific topics worldwide that are aligned with the content on our Web sites. internet.com offered four paid seminars in the first quarter, each focusing on a different issue pertaining to the Internet industry. Seminar topics included: Affiliate Solutions Europe 2001, Search Engine Strategies London 2001, Search Engine Strategies 2001 and eSecurity Conference and Exposition. Including the Intermedia Group acquisition, we have plans to run over 20 offline events for 2001.

Venture Fund Investments

internet.com Corporation is the portfolio manager of internet.com Venture Fund I LLC (April '99), internet.com Venture Fund II LLC (November '99) and internet.com Venture Partners III (June '00), which have invested in over 40 Internet properties to date.

internet.com Venture Funds I and II and internet.com Venture Partners III were formed to invest in early-stage online content providers serving targeted business-to-business markets that follow the strategy of, but are not competitive with, internet.com. internet.com is an investor in all three funds. internet.com continues to hold the added benefit of being a public company operating in the Internet space that also extends value to its stockholders by having an Internet venture capital arm.

Metrics

• March 2001 page views were over 275 million
• March 2001 total views were over 350 million (includes Web site page views, e-mail newsletter views and e-mail discussion list views)
• There were over 5.5 million e-mail newsletter subscribers as of March 31, 2001
• There were over 6.5 million total opt-in subscribers as of March 31, 2001
• There were over 750,000 unique opt-in subscribers as of March 31, 2001
• March 2001 unique users were nearly 3.7 million in the United States alone
• There were 220 new advertisers during the first quarter
• There were 360 employees as of March 31, 2001

Business Outlook

The following forward looking-statements reflect internet.com's expectations as of May 8, 2001. Given the emerging nature of online advertising, potential changes in general economic conditions, and the various other risk factors discussed below and in internet.com's reports filed with the Securities and Exchange Commission from time to time, actual results may differ materially. internet.com intends to continue its practice of not updating forward-looking statements until its next quarterly results announcement, other than in publicly available statements.

Future Expectations

	Q1 2001	Q2 2001	Q3 2001	Q4 2001	Total 2001
Revenues ($M)	$12.0	$11.5-13.5	$12.5-14.5	$14.0-16.0	$50.0-56.0
Cash operating expenses ($M)	$15.9	$13.8-15.4	$12.5-13.6	$13.3-14.2	$55.5-59.1
Depreciation ($M)	$0.7	$0.7	$0.8	$0.8	$3.0
Interest Income ($M)	$0.7	$0.3	$0.3	$0.3	$1.6
Share Count(M)	25.3	25.3	25.3	25.3	25.3
EPS before amortization expense	$(0.15)	$(0.10)	$0.00	$0.03	$(0.22)

About internet.com
internet.com Corporation (http://www.internet.com), the Internet & IT Network, is headquartered in Darien, CT. It is a leading provider of global real-time news and information resources for Internet industry and information technology professionals, Web developers and experienced Internet users. internet.com owns and operates a network of over 160 Web sites, nearly 300 e-mail newsletters and over 400 online discussion forums that generate over 275 million page views monthly. Total "views", which include Web site page views, e-mail newsletter views and e-mail discussion list views, are now over 350 million per month. According to NetRatings, internet.com has 3.7 million unique users in the United States alone. Over 25% of internet.com's views are from outside of the U.S. internet.com's global presence includes editions for Arabia, Asia, Australia, France, Germany, India, Israel, Japan, Korea, Singapore, South Africa, Sweden and the United Kingdom. internet.com also produces over 20 offline seminars on Internet and IT-specific topics that are aligned with our network of Web sites and e-mail newsletters.

internet.com Q 1 '01 Conference Call Alert
Alan M. Meckler, Chairman and CEO, Christopher S. Cardell, President and COO, and Christopher J. Baudouin, CFO of internet.com, invite you to participate in a conference call reviewing 2001 first quarter results on May 8, 2001 11:00 am EST. The conference call number is 1-877-807-9258 for domestic participants and 1-706-634-2391 for international participants, pass code internet.com first quarter. Please call five minutes in advance to ensure that you are connected prior to the presentation. Instant replay will be available for two weeks subsequent to the call. Replay call numbers are 1-800-642-1687 for domestic participants and 1-706-645-9291 for international participants; enter the conference id number 788191.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release which are not historical facts are "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties which could cause actual results to differ materially from those described in the forward-looking statements. The potential risks and uncertainties address a variety of subjects including, for example, the competitive environment in which internet.com competes; the unpredictability of internet.com's future revenues (including those resulting from online advertising on internet.com's network of Web sites and related internet media properties), expenses, cash flows and stock price; internet.com's investments in international and venture fund investments; any material change in internet.com's intellectual property rights and continued growth and acceptance of the Internet. For a more detailed discussion of such risks and uncertainties, refer to internet.com's reports filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933 and the Securities Exchange Act of 1934. The forward-looking statements included herein are made as of the date of this press release, and internet.com assumes no obligation to update the forward-looking statements after the date hereof.

internet.com Corporation