PaidContent bought for $30 million

Guardian News & Media buys six-year-old new media site

Financial trends and news by Bambi Francisco Roizen
July 11, 2008 | Comments (1)
Short URL: http://vator.tv/n/2e0

5

 Congratulations to Rafat Ali for a nice exit. Rafat started paidContent.org six years ago, and has kept a consistent watch on the goings on across digital media. Today, Rafat writes about the sale to Guardian News & Media, the news media division of UK-based Guardian Media Group.Kara Swisher today is reporting that paidContent was purchased for north of $30 million, which includes an earnout.

As part of the acquisition, paidContent, which is owned by ContentNext, will be part of Guardian Professional group, the B2B media division for GNM. Larry Kramer, founder of CBS MarketWatch, and my former boss, is on ContentNext's board. He hired Nathan Richardson, a former colleague of mine at Dow Jones MarketWatch, to be the CEO.

 

Comment

Bradly Couch
Bradly Couch, on July 11, 2008

Bambi I can tell, this is going to be fun, thank you for taking time out to get me acclimated. Can you believe the newsroom goof (mine) LOL

now that's keeping it real


blog comments powered by Disqus
Find your friends' startup new!
Vator is more valuable if you know who's here.
Discover who has a startup and help their success by following their progress!

Featured Stories

Latest company news bites on Vator

Cognitive Code Corporation - Mimi Chen (Co-Founder and President)
Crowdfunding is cool - pre-order SILVIA for your Android here: http://www.kickstarter.com/projects/cogcode/silvia-for-android
See more
BuildingLayer - Nick Such (Co-founder and CEO)
BuildingLayer co-founder and Chief Scientist, John Kiffmeyer, is a Featured Engineer this week on EEWeb http://www.eeweb.com/spotlight/interview-with-john-p.-kiffmeyer
See more
AllowanceTree CEO named Today's Entrepreneur by Vator: http://vator.tv/news/2012-05-25-todays-entrepreneur-arnie-benn
See more
Cognitive Code Corporation - Mimi Chen (Co-Founder and President)