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Thirty million dollar nonprofit blogging acquisition

By Jeff Trexler on July 11, 2008 4:11 PM | | | Comments (6)

Corporate organization is like that who-slept-with-whom map on the L Word--when you chart things out you can find all sorts of unexpected connections. Today, Valleywag looks at the Guardian group's big money acquisition of Paidcontent.org and finds a good punchline:

[T]he sale is odd in many ways. . . . But it does resolve one thing: PaidContent's odd domain name. Insiders have long been quizzical about the ".org", supposedly reserved for nonprofits, on a plainly capitalist blog. Guardian Media Group is owned by a nonprofit trust. Blogging not-for-profit? An apt description of the enterprise for the vast majority of its players.

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