PaidContent bought for $30 million

Bambi Francisco Roizen · July 11, 2008 · Short URL: https://vator.tv/n/2e0

Guardian News & Media buys six-year-old new media site

Congratulations to Rafat Ali for a nice exit. Rafat started paidContent.org six years ago, and has kept a consistent watch on the goings on across digital media. Today, Rafat writes about the sale to Guardian News & Media, the news media division of UK-based Guardian Media Group.Kara Swisher today is reporting that paidContent was purchased for north of $30 million, which includes an earnout.

As part of the acquisition, paidContent, which is owned by ContentNext, will be part of Guardian Professional group, the B2B media division for GNM. Larry Kramer, founder of CBS MarketWatch, and my former boss, is on ContentNext's board. He hired Nathan Richardson, a former colleague of mine at Dow Jones MarketWatch, to be the CEO.

 

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Bambi Francisco Roizen

Founder and CEO of Vator, a media and research firm for entrepreneurs and investors; Managing Director of Vator Health Fund; Co-Founder of Invent Health; Author and award-winning journalist.

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