Big News In Blog Land!

Rafat Ali at Paid Content reports that AOL (of all companies!) is buying Jason Calcanis' Weblogs Inc. for as much as $35 million.

Add this to the news that Nick Denton's Gawker Media has teamed up with international media conglomerate VNU, and it's easy to see that blogs are well on their way to becoming mainstream media.

Ali notes that this is perhaps the first pure content-related company being bought out in the blog/ Web 2.0 space..."or at least of this scale." He says that Calcanis refused to comment, but that he was carrying an AOL tote bag.

And I'd been thinking that AOL was a has been. Wrong!

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Posted by: Darren at October 6, 2005 8:13 AM

Posted by: shel Israel at October 6, 2005 12:57 PM

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