I am not surprised this happened: CEO and founder Alan Meckler has lost all interest in media and events, and is focusing on Jupiter’s digital images business. In fact, if the media division gets sold in the next few weeks/months, as I have heard rumors about (also to private equity people for a similar rollup with another slightly-more distressed company), I would not be surprised either.

Anyway, the news: it has sold its JupiterResearch division for $10.1 million in cash to Kagan, which is a portfolio company of MCG Capital (bought two years ago by MCG from Primedia).

Meckler said: “The funds received will…allow us to have greater buying power for more acquisitions for our Jupiterimages division.”