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.