Bloggers who work for Weblogs Inc, newly acquired by AOL for $25 million, soon will have ownership of their content; vastly increased exposure through AOLs subscriber network; and other favorable terms yet to be announced. But there’s no more than an “allusion” to more money for the bloggers, who now work for a pittance.
That’s the word from Darren Rowse of ProBlogger, who says a WIN staffer sent him an internal email with the details.
Dot Blog Millionaires? Not Bloody Likely
The many dot.com millionaires of the 90s included rank and file who got stock. I sure hope the WIN bloggers, whose content is the heart of the blogs, will get a big payout. But I wouldn’t bet on it.
Everyone at Weblogs, Inc is said to be happy that Calcanis is staying on. I predict that he’ll be on to his next great adventure in no time flat. Money goes to money, as my grandma always said.
Who’ll Get Rich From AOL’s Buyout of Weblogs Inc? Not the Bloggers!
BL Ochman | October 6, 2005 | Permanent Link | Comments (3) | TrackBack (
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Why blog networks are worth millions
It had been bugging me all throughout yesterday. Why are blog networks suddenly worth millions ? Well, last night, around 2 am (I’m a night owl and I work best at night – by about 8 am I’ve de-evo…
From the stuff I saw, it looks like the bloggers in the network won’t even be getting a raise. I’d imagine any money coming in from AOL will probably be used to hire ad reps…
Kinda makes you wonder if you’re a blogger about signing contracts for your content now huh?