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Variety Launches 'The Biz' Social Networking Site Powered by Jobster

LOS ANGELES-(Business Wire)-February 19, 2008 - Variety, the world's premier source of entertainment news, in association with Jobster, today announces the launch of "The Biz" (www.variety.com/thebiz) the first social networking site for entertainment professionals and enthusiasts in the U.S.

"The Biz" serves as an online meeting space for media and entertainment professionals to network, pitch products, exchange ideas, and search for jobs among peers and industry experts. The site also offers a vehicle for employers to recruit new talent and target candidates by specific interests, skills and experience, on Variety's platform which is the top destination for entertainment news and information.

Unlike other social networking sites, "The Biz" in its beta launch will encompass careers, community and content where users will be able to upload profiles, photos, portfolios, videos and more to connect with each other.

"We are thrilled to be launching 'The Biz,' said Variety president and publisher Neil Stiles. "This site will give our readers a unique new way to interact and forge relationships with their peers in the community."

"'The Biz' gives people a new opportunity to have a voice on Variety.com," said Jennifer Glen, Variety's Vice President and Sales Director. "Leveraging the web to build relationships and make connections in this industry is a natural next step."

"Variety is on the cutting edge of the emerging trend of vertical online networking and its team brings the industry knowledge needed to make this a great success," said Jobster CEO Jeff Seely. "'The Biz' is poised to be the go-to place for entertainment industry professionals and enthusiasts."

For more information, please visit: www.variety.com/thebiz.

About The Variety Group/Reed Business Information (RBI):

The Variety Group—Daily Variety, Daily Variety Gotham, Weekly Variety, Variety Europe, Variety.com, 411 Publishing, Video Business and Tradeshow Week—are all owned by Reed Business Information (RBI), the largest business publisher in the U.S. RBI is part of Reed Elsevier (NYSE: RUK and ENL)—a world-leading publisher and information provider operating in the science and medical, legal and business-to-business industry sectors.

About Jobster:

Founded in 2004, Jobster is the online career network for the digital generation. Millions of individuals use Jobster to connect with people, information, and opportunities to further their careers. Thousands of employers contract with Jobster to connect with valuable audiences, including more than 15 percent of the Fortune 100. Jobster is backed by industry-leading investors Ignition Partners, Trinity Ventures, Mayfield Fund and Reed Elsevier Ventures. For more information, visit www.jobster.com.

Copyright Jobster, Inc. 2007. Jobster is a service mark of Jobster, Inc. and may not be used without express written consent of Jobster, Inc.

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