Exhibit 21
Subsidiaries of the Registrant*
| Subsidiary | Jurisdiction | |
| Propel Media LLC** | California | |
| Kitara Media Corp.** | Delaware | |
| Kitara Media, LLC*** | Delaware | |
| New York Publishing Group, Inc.*** | Delaware | |
| Tek Array, Inc.*** | Delaware |
*Omitted from the table are those subsidiaries which are not significant subsidiaries and in the aggregate would not constitute a significant subsidiary.
**Each of these subsidiaries is wholly-owned by the Registrant.
*** Each of these subsidiaries is wholly-owned by Kitara Media Corp.