ChasNote

06 October 2005

AOL Buys Weblogs Inc

The gang at PaidContent confirms that AOL has bought Jason Calacanis's Weblogs Inc. No price tag announced. They also have this quote from Gawker's Nick Denton:

"The acquisition of WIN by AOL is exhilirating news, in many respects, most of which I shouldn't list here. For what it's worth, Gawker isn't for sale. The whole point about blogs is that they're not part of big media. Consolidation defeats the purpose. It's way too early. Like a decade too early."

Hmm. If consolidation defeats the purpose now, what's going to change in 10 years (when Gawker goes up for sale)?

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