"I am very passionate about SPACE.com, and its commitment to engage and excite people about the wonder and endless possibilities of space and space exploration," said Dobbs. "This transition could not come at a better time in SPACE.coms evolution. The company met its first quarter budget in terms of both revenue and expenses, the Website continues to grow at an impressive rate and now has in excess of one and half million unique visitors per month, our astronomy software product, Starry Night, is now the worlds best seller and our print publications, and Space News and Space Illustrated continue to grow at a rapid rate. We now have in place an outstanding management team, lead by John C. Ferrara, who are well positioned to take the company to profitability in the next nine months."

The companys president, John C. Ferrara, will oversee the company until a successor is named.

"Lou Dobbs established a vision and built a foundation for this company that will ensure its continued growth and success," said Ferrara. "We wish Lou all the best in his new role at CNN and look forward to working with him as Chairman of the Board."

SPACE.com, Inc.

SPACE.com, Inc. is the first multimedia company dedicated to space and space related content and to serving its audience on a wide variety of platforms. Anchored on the Web, the company has rapidly expanded across media with its print and software offerings. SPACE.com, the definitive space Web site, offers the richest and most compelling content, featuring news, information, education, entertainment, games, science fiction and a kids' channel. SPACE.com is also at the forefront of broadband content and technology, having launched the broadband channel SPACE.com TV. SPACE.com publishes SPACE Illustrated magazine, which conveys the wonder of humankind's greatest adventure through spectacular space imagery and content and Space News, the premiere business to business international newsweekly dedicated entirely to space business. The company also publishes Starry Night, the world's leading astronomy software. SPACE.com's two principal strategic media partners are the Gannett Company and NBC. SPACE.com is headquartered in New York City with offices and news bureaus in Washington, D.C.; Cape Canaveral, Florida; Toronto, Canada; and Paris, France.