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TechCrunch Sold to AOL for $40M

by bgmacaw
3 replies
See Technolog - AOL buys TechCrunch

The interesting part to me was this quoted from a WSJ article behind their subscription wall...

Terms of that deal weren't disclosed, either, but as The Wall Street Journal notes, both purchases by AOL "come amid a series of hookups between content and Internet companies, which are seeking to draw more users and advertisers by pumping out inexpensive articles on popular topics like fashion, news and sports."

AOL, the Journal said, "has lately increased its appetite for media business -- it also recently has hired hundreds of writers to create more original news and local and entertainment content."
Just lets you know what kind of competition you're up against in the marketplace, inexpensive mass produced articles being pumped out by people who have this as their $10-12/hr job (based on pay scales seen on some employment sites).
#$40m #aol #sold #techcrunch
  • Profile picture of the author sbucciarel
    Banned
    Holy Cow ... I was just reading an article on Arrington recently and there wasn't even a hint of this coming.
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  • Profile picture of the author Vulk
    Holy...Insane what blogs can do these days...
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  • Profile picture of the author MichaelHiles
    It's not a "blog"... it's a "channel" that provides access to a highly targeted audience demographic in an interest-specific niche.
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