Weblogs Inc., a blog network run by Jason Calacanis and funded by VC's such as Mark Cuban, was sold to AOL today (October 6, 2005) for what Wired.com reported as $25 million dollars. This might be a wake up call to all those in doubt of the ability to establish a business based on weblogs and generate revenue. We now have a new formula that has been proven:
Successful Blog Network = Potential Big $
Check out what Jason Calacanis had to say on his blog. Find out the blogosphere's take on the big sale by going to posts on Niall Kennedy's Weblog, Blogads weblog, Micro Persuasion, The Trend Junkie, Net, Blogspotting, PaidContent.org, and Building My Empire. Additionally, check out this recap on the washingtonpost.com.
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» Does Weblogs Inc. Know Its Metrics Are Exposed? from Somewhat Frank
I was just viewing The Social Software Blog, a blog in the Weblogs Inc. Network which was acquired by AOL in late October 2005, and I noticed that it was using SiteMeter as an metrics and analytics tool. I [Read More]
Tracked on Mar 3, 2006 1:05:39 AM
» AOL Launches the Technology Network from Somewhat Frank
AOL as they have just relaunched Switched as the hub for the newly created AOL Technology Network. The network will bring together content from Engadget, Switched, TUAW (The Unofficial Apple Weblog), Download Squad, Engadget Mobile and Engadget HD to f... [Read More]
Tracked on Apr 10, 2008 11:34:14 AM
Hey Frank - thanks for the link! What a great move by Jason and the team. Simply put, they executed and got it done.
Great blog. Thanks again.
-Greg
Posted by: Greg | Thursday, October 06, 2005 at 10:28 PM
Thanks for the ping! This move will certainly lead to other blog aquisitions as well. I think is is a move in the right direction for AOL, the question is just how they will use it and integrate Weblogs Inc into their network - my advice to them is not to make the integration too much AOL like in apparance.
Like your blog. Net
Posted by: Net | Friday, October 07, 2005 at 02:20 AM