http://cache.gawker.com/assets/base/img/thumbs140x140/idolator.com.png http://idolator.com/tag/the pilot group http://idolator.com/tag/the pilot group The owners of indiecentric blog Stereogum—founder Scott Lapatine, ex-AOL head Bob Pittman, and former MTV digital guru Jason Hirschhorn—have flipped their equity stakes in the site to the music-centric social-networking service Buzznet; in exchange, the three men will get an ownership stake in Buzznet. According to the New York Post, the deal places Stereogum's value at $5 million, a dollar amount that should send some of the more careerist bloggers out there scrambling to recheck their SiteMeter logs. Me? I just can't wait to see how the 'Gum's pop-averse readership will react to their gathering place being so close to a site that is currently featuring High School Musical starlet Ashley Tisdale on its homepage.

PITTMAN FLIPS STAKE [NYP]

]]> http://idolator.com/tunes/web-2%27no/stereogums-worth-a-bubblicious-5-million-331179.php http://idolator.com/tunes/web-2%27no/stereogums-worth-a-bubblicious-5-million-331179.php Fri, 07 Dec 2007 09:01:35 EST mjohnston http://idolator.com/index.php?op=postcommentfeed&postId=331179&view=rss&microfeed=true