Weblogs Inc to be bought by AOL

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by

Tom Raftery
in , ,

I see PaidContent.org and Reuters are reporting that AOL are about to buy Weblogs Inc. network for $25m!

Weblogs Inc was set up by Jason Calacanis two years ago as a network of blogs and includes under its umbrella titles such as Engadget and Autoblog. According to Calacanis, Weblogs Inc earns in excess of $1m annually in Google Adsense revenues.

Congrats to Jason, $25m for two years work is, by any standards, a good return!

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Comments

One response to “Weblogs Inc to be bought by AOL”

  1. Tom Raftery’s I.T. views » Blog Archive » Blog for sale – apply within!

    […] Couple that with the news that AOL are buying Weblobsinc.com for somewhere between $25-$40m, and the news of Nick Denton of Gawker Media’s deal with VNU and I’m starting to think, hey maybe there’s money in them thar blogs after all! […]