News broke on 6 October 2005 that media monolith AOL forked out $25 million to acquire Weblogs Inc., a network of just over 80 popular, industry-leading blogs. All this happened while rumours spread of talks between Gawker Media, another prominent blog network, and News Corp. Hundreds of venture capital investors are watching fast-growing blogs and blog networks (9rules, as another example), searching relentlessly for the next big thing. Without question, blogging has evolved from geeky fad to mainstream medium.
By Mike Stopforth 18 Oct 2005 12:58