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!
Big News In Blog Land!
BL Ochman | October 5, 2005 | Permanent Link | Comments (3) | TrackBack (
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Categories: Blogging and Moblogging
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it’s a pretty amazing story – 2 years – 25million – wow…
If you really think this play is enough to salvage AOL who bet on a business model that is now inoperable; who has a policy of making it nearly impossible to stop subscribing, then perhaps I can interest you in purchasing a bridge I own which goes from Manhattan’s Fulton Street into Brooklyn.
Money, Blogs, DC, and Money
This morning I met with an enterprising young man named Ken Yarmosh, owner of a DC-area technology company called Technosight. He contacted me after reading a press release I sent out last week. Ken visited my business and personal blogs and wanted to…