Idolator
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]
web 2.no
Comments
$5 million? Talk about fools and their money...
Ladies and gentlemen, "music blogging" is now officially O-V-E-R. Move along, nothing to see here.
Maybe now they can afford a word processor with a spellcheck function.
I just love that they're spending the internet funny money on a social network that's been around for years and no one has heard of before now. Holy MOLI, right?
Stereogum for make sell $5 million dollar for people make own...but still suck.Also, Buzznet also suck. Who use Buzznet?FUUUUUCK. Gerardblog worth $5. Who want? Gerard want stock in bad website too!
Yeah, Stereogum ain't worth a cent. You're so much better, Idolator!
Let's party like it's 1998
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