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Home | Blogs for Sale
Gawker Sells Consumerist and Plans to Sell Defamer
Gawker's Consumerist blog has been sold to nonprofit Consumers Union. Gawker Media's Hollywood gossip blog Defamer is also up for sale. The Gawker blog network has been steadily shrinking since last year. There's no official word on how much Consumerist was sold for but Peter Kafka at Media Memo says he's been told mid-six figures.
Denton wouldn't comment on the sale of Consumerist, an advocacy site with attitude that he put on the block last month. And he would only confirm that Defamer, his attempt to break into Hollywood coverage, is for sale.
But I'm told that Consumerist may have fetched something in the "mid-six figure range," and that a logical buyer for Defamer would be BuzzNet, the pop culture blog network that picked up Denton's Idolator music site earlier this year.
Consumerist never seemed like the kind of blog that could attract lots of advertising so it seems appropriate that it was sold to the company behind the subscription Consumer Reports publication. Some commenting on a Consumerist post about the sale sound concerned the Consumerist blog itself could go subscription but Consumer Reports has a number of blogs on its website (see here) that are available free to the public so Consumerist is probably safe from subscriber fees for now.
Posted on December 31, 2008
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BlogMedia Puts Biziki Up for Sale
BlogMedia, the publisher of the Blog Herald, has announced that they have put their business blog called Biziki up for sale. The listing can be found here on Sitepoint Auctions.
Biziki is an existing blog that launched in February 2006. The site currently has one lead blogger. His contract is not transferable but he would likely stay on for a similar arrangement.
The blog is focused on business and related leadership, management, and financial topics.
The blog is profitable - earning an average of $260 (USD) monthly.
The design is included - it's a Chris Pearson designed site. Chris is one of the leading designers for Wordpress.
The Biziki discussion thread at Sitepoint also lists the blog's current blogger payment method.
The current blogger earns 100% of the first $150 and 50% of any remaining income. If you're blogging on your own, you obviously don't need him. That's up to the buyer.
There is usually strong interest in blogs that can show an income stream at the Sitepoint Auctions and Biziki has several bids already. The Biziki listing has a Buy It Now listing of $5,000 and the current highest bid is $1,750. Filed in Blogs for Sale.
Posted on November 5, 2006
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Gawker a Buyout Candidate?
Frank Barnako reports that Gawker was one of the companies in a list of buyout candidates presented by an investment banker to the Online Publishers Association.
YouTube, Bankrate.com (RATE), eHarmony, and Gawker are on a list of candidates for buyouts shown by an investment banker at a presentation to the Online Publishers Association this morning.
Tolman Geffs, managing director of Jordan, Edmiston Group, said the number of deals for online consumer media companies has nearly doubled in the last three months. There have been 91 in the last nine months compared to 47 in the three previous quarters.
The last word on this from Gawker publisher Nick Denton was that Gawker's blog network was not for sale. Denton also said Gawker Media is "unacquirable."
Nick Denton, publisher of Gawker Media, doesn't believe there's really been a big rush of VC money or Big Media interest in blog publishing. He told me Gawker's blogs would cease doing what they do best if they were bought by a mainstream media company.
"Put the Gawker titles in a media conglomerate and they would spontaneously combust," Denton said via e-mail. "Imagine, for instance, how AOL Time Warner would handle the X-rated party photos in yesterday's Fleshbot, or a snide report on Defamer about the latest dross from Warner Brothers, or Gawker's borderline libelous mockery of [Time Warner CEO] Dick Parsons. Without media conglomerates as targets, the Gawker titles would have no purpose. Gawker is not for sale but it is, more importantly, and in a deeper sense, unacquirable.
That was from November, 2005. Gawker did recently put blogs on the block and closed Sploid -- the Sploid site now contains the depressing message: "Sploid is closed, and its domain and content archive are for sale." However, Gawker also just launched another new blog: Idolator.
Posted on September 14, 2006
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Stowe Boyd Auctions Podosphere Domain
Stowe Boyd blogs that he has put the domain podosphere.com up for auction on eBay. The domain plays on the popularity of the blogosphere term. The auction listing is here.
I created a domain name a few years ago, www.podosphere.com, thinking I might do something with it. I've decided that I won't be, so I thought I would auction it off. Someone out there is planning yet-another-podcasting-aggregation site, I bet.
Bidding started at $17.49 and has climbed to $18.45 but it is still early on in the bidding. The auction ends on September 6th. Biz Podcasting blogs that the domain should "go for many hundreds of dollars and perhaps even $1K."
Posted on August 27, 2006
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Gawker Media Puts Two Blogs on the Block
The blog business is tough even for Gawker Media, one of the blogging industry's first stars. A New York Times article says Gawker has cut staff and put two blogs up for sale: Sploid and Screenhead.
One of the overlords of the blogosphere with 15 sites and enough buzz to arm every doorbell in the nation, Mr. Denton has watched page views at his sites double in the last year; Gawker Media and Nielsen/NetRatings put monthly unique visitors at 4.2 million. So it comes as a bit of a surprise that Mr. Denton celebrated a very upbeat stretch in the blogging industry by putting two of his sites on the block, reorganizing others and laying off several people.
Laying off journalists? How very old media.
"Better to sober up now, before the end of the party," he said in announcing the realignment. As of last Friday, Sploid, a tabloid-infested site built on screen shots, and Screenhead, an aggregator of video clips, were put up for sale. Editors at Gawker, Wonkette, Gizmodo, and Gridskipper were moved or replaced. At a time when mainstream media companies are madly baking their own piece of blog pie, Mr. Denton was summarily executing underperformers.
The article also says Gawker is working on proprietary software solutions for its blogs and planning a music site.
Posted on July 3, 2006
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Fine Fools Blog Network For Sale
Paul Scrivens has announced that he is selling the Fine Fools blog network. Scrivens has put Fine Fools up for auction here on SitePoint. He says the network makes $300/month and gets 300,000 monthly pageviews.
All money generated through Adsense and Yahoo ads. When Adsense was up on Damn I'm Cute it was making over $200/mo. Being a celebrity site obviously it should be more geared towards CPM ads or BlogAds. I'm not sure about the yahoo/google ads across the rest of the sites since most of the pages still use the adcode of whoever the author was, but it's a min. of $100/mo. There was a 90 day agreement to remove the ad code once the author departs and we are well past 90 days so there aren't any issues there with regards to putting in your own adcode.
The auction is listed with a starting bid of $3,000 and a BIN of $20,000. More discussion of the Fine Fools sale can be found here, here, here, here and here. So far the Sites Sales Blog hasn't picked up the Fine Fools auction listing. Filed in Blogs for Sale.
Posted on May 24, 2006
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BlogExplosion.com Sold for Six Figures
BlogExplosion.com has been sold to Stephen Sartain and a group of private investors for a six figure amount. The deal was brokered by Jeremy Wright. The only specific information about the final sale price is that it was "well beyond" the minimum bid of $100,000. More information and a farewell from Thomas and Jeff can be found here on the HelpMeBlog.
BlogExplosion has definitely been a very rewarding and interesting experience since we launched back in September 2004. We never imagined that BE would become so popular or develop such a devout following. We leave BlogExplosion as one of the leading blog communities on the internet and a top blog destination website. We want to thank all of our members for the support and encouragement to keep us going each day as we met some truely amazing people along the way. There is no way we could have done it without our loyal members and again a sincere thanks to everyone that were always there for us.
(via Bloglogic.net)
Posted on April 24, 2006
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BlogExplosion is For Sale
BlogExplosion.com has announced on their HelpMeBlog.com blog that they are putting BlogExplosion.com and the assets up for sale. BlogExplosion.com is a blog community and traffic exchange with about 50,000 members. The latest update is that Jeremy Wright will broker the sale. Jeremy Wright also has a post about it on his blog. Here are the assets the company is selling:
Our main site BlogExplosion.com
Our blog helpmeblog.com
Our blog counter site LiveBlogStats.com
Our image hosting site BlogPhotoHut.com
Our blog hosting service BlogCharm.com with 1300 members
Our blog radio station BE Radio
The sale also includes a list of seventy blog-related domain names. There is no asking price listed. Some other blogs talking about this sale include Site Sales Blog, AMCP Tech Blog, BSmart, Robert McIlree, Make You Go Hmm, Squiggler and AwesomeBlogs.com.
Filed in our Blogs for Sale category.
Posted on March 12, 2006
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Military.com Acquires Milblogging.com
Military.com has acquired Milblogging.com, a directory of over 1,150 military blogs, and added it to its network of military-related websites. Milblogging was started by Spc. Jean Paul Borda, an Operation Enduring Freedom veteran. Borda blogged from Afghanistan in 2004-2005 and started Milblogging.com after returning from deployment. DefenseTech.org, a blog at Military.com, also reported on the news. Milblogging.com organizes milblogs by rank, gender, country, branch and language as well as alphabetically. They run an annual contest for milblogs called the Milbloggies. And they also do a great job of finding new milblogs each week. Here is a list of their latest milblog finds.
Posted on January 18, 2006
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The Blog Herald Sells for Over $60K
Jeremy Wright at Ensight.org reports that the Blog Herald, a blog providing blogging news written by Duncan Riley, is being sold for over $60,000 in a private auction.
The current high bids are 60K, 65K and 72K. The private auction will be ending today sometime, after which we'll get down to the business of sorting out the transaction. Once that's all done, we'll be announcing the winner at whatever time works best for the winner.
The current high bidders are all looking at the blog as a brand / profile investment more than a pure cash investment. After all, 36 times monthly revenues is a fairly high multiple for any site, even if it experiences 10% growth every month (as Blog Herald does) and could earn more. At 72K, it would likely take someone about a year to earn it back with a redesign and with the growth it's experiencing.
If a website makes $2,000 per month that's about $24,000 a year so it is selling for three times revenues if it goes for the highest bid of $72,000. Stowe Boyd thought the blog could have sold for higher: "I think highly focused blogs, like TBH, will drive good value, even if the original authors step down. Still, I would have imagined that a blog that is ranked 183 on Technorati would have brought more than $60 or $70K." It's much lower than the price valuation that tnl.net came up with that used inbound Technorati links and was based on the Weblogs, Inc. sale to AOL. This calculation shows a number way over $800,000 -- but everyone knew those numbers were way too high anyway.
Tin Finger writes that Duncan Riley is the first Aussie to cash out on Web 2.0. Other blogs discussing the sale can be found here, here and here. It was also reported in Site Sales Blog, which is a new blog reporting blog and website sales.
Update: Duncan Riley now has a post of his own about selling his blog.
Update 2: The Blog Herald ended up selling for less than $50K
Posted on January 16, 2006
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Blogster.com Domain Sold for $100,000
Whir.com reports that the Blogster.com domain name was sold for $100,000. Two Cleveland entrepreneurs acquired the domain and turned it into a blog hosting service.
Cleveland Entrepreneur Tony Colan and partner Ed Harrison announced on Thursday they have purchased the domain blogster.com (blogster.com), for $100,000.
The site's programmers rewrote the entire software for blogster.com and took the site live on Thanksgiving Day. The redesigned site features image hosting, a user-friendly interface and pre-designed templates, which provides continuity and easy navigation for blogsters.
"We were attracted to the name immediately," says Tony Colan, VP of Blogster.com. "Blogging is no longer just for teens, techies and political pundits. The growth, we expect, will be explosive, and as a result, we were willing to pay a premium for a domain that will help us build brand awareness in the marketplace."
Today Blogster.com is a few blog host that claims to be splog free:
Blogster.com differentiates itself from the other blogging sites, by
eliminating all spam. "We intend to take hard line against spam. We don't want
our blogs clogged with all that Internet garbage," Colan said.
Posted on December 15, 2005
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AOL to Acquire Weblogs, Inc.
Reuters has a
news story about AOL's plans to buy Weblogs, Inc., a blog network with over 80 blogs. Reuters says that the deal was for $25 million but the actual
purchase figure could be more or less. The story was originally
broken by Paid Content who
said:
How much will Weblogs Inc. cost AOL? One estimate I heard today was
roughly $20 million as an earn-out -- to get it all, Weblogs Inc.
would have to meet certain goals. But I've also heard talk of
Flickr-like numbers, which would make it closer to $30-35 million
range. Certainly to Weblogs' execs advantage to have people thinking
towards the higher end. Weblogs Inc. revenues are running at $1
million-plus annually from Google AdSense alone, according to numbers
jubilantly released by Calacanis on his own blog; during a panel last
week he said the company was bringing in $2 million a year. With that
in mind, either of those numbers would be a generous multiple.
Paid Content also says that AOL's plans are to keep the Weblogs, Inc.
blogs seperate from AOL but Jeff Jarvis
points out that "AOL has a history of buying things and killing them."
A Paid Content follow-up to their original story says the news about the Weblogs, Inc. and AOL deal has spread like wildfire around the blogosphere and that there is possible news of yet another big blog deal.
This story has spread like wildfire across the blogosphere...check
Technorati here and Tech Memeorandum here...it might be announced tomorrow
AM now, we've learned. Also, Reuters has picked up the story, here.
Scoble says he knows of another big blog-related deal about to be announced...
Coverage of the deal via the blog search engines can be found here, here,
here and here
Posted on October 6, 2005
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Blo.gs Sold to Yahoo
Yahoo has bought Blo.gs, a blog directory and blog tracking service, from owner Jim Winstead. Yahoo has been busy acquiring blogging tools like Flickr and Blo.gs as well as launching Yahoo 360, its
own blogging service. Jim Winstead wrote about the sale of his
company is a recent blog post:
This is the sort of good home that i was looking for — yahoo!
obviously has the resources to run and improve blo.gs in pace with
the incredible growth of blogs (and syndication in general), and
in talking with them it was also clear that we had some of the same
vision for the future of the service and the ping/notification
infrastructure.
for users of the website and the cloud interface, nothing much is
changing. The service will continue to be completely open, and
both yahoo! and i hope you continue to use it and help it grow.
Posted on June 15, 2005
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Ask Jeeves Acquisition of Bloglines Confirmed
Bloglines has confirmed tha acquisition rumor that spread
around the Blogosphere over the weekend. An acquisition faq
has been posted on the Bloglines.com website. And on his
website Mark Fletcher, CEO of Bloglines, promises that the Blogines service will continue and that Teoma a search engine company owned by Ask Jeeves, and Bloglines will launch a world-class blog search tool. Fletcher writes, "For example, we'll be integrating Ask's killer Teoma search engine technology within Bloglines. This will vastly improve
our blog search capabilities. We don't think that world-class blog search exists yet; with Teoma and Bloglines that will happen." Here is the official press release. Slashdot has an ongoing discussion about the Ask Jeeves and Bloglines deal.
Posted on February 8, 2005
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