Guardian buys pathbreaking blog network ContentNext for rumored $30M
Guardian News & Media, a private UK publisher, has acquired ContentNext, the publisher of PaidContent.org, the news site launched by Rafat Ali in 2002 that was an early example of a lone blogging effort that turned into a larger media company.
Ali told Reuters that ContentNext would continue to be run as a stand-alone business. Reports, based on an anonymous source, suggest the Guardian paid around $30 million.
[Update: Kara Swisher, of AllThingsD, follows up with a… Continue Reading