| Log in

ContentNext Media Sold To UK's Guardian For $30 Million

28 April, 2016

 

 

Here is some big news for the online media world. US-based ContentNext Media, which owns sites like , MocoNews.net and ContentSutra.com, has been bought by Guardian News & Media (GNM), the new media division of UK-headquartered Guardian Media Group (GMG). The financial terms of the deal are not disclosed. However, AllThingsD reported that the deal has been done at $30 million, which also includes an earn-out.

ContentNext, which tracks digital media business globally through its news sites, had received an undisclosed amount of venture funding from Greycroft Partners, the digital media focused venture fund of Alan Patricoff, the founder of private equity fund Apax Partners.

This is the biggest exit for a new media company based on blogging platform after Jason Calacanis sold his Weblogs Inc to AOL for $25 million in 2006.

This writer was part of ContentNext in its early stages as the founding editor of ContentSutra.com, a news website tracking Indian digital media. (Disclosure: VC Circle is currently the content partner for ContentSutra.)

ContentNext was founded in 2002 by Rafat Ali (in the picture), a journalist. He started of in India with Spectrum Publications (publisher of A&M), and moved to the US where he had worked with several financial and tech publications. See the company founder Rafat Ali’s note and also the press release (click here).

 


Leave Your Comment
GigaOM Acquires PaidContent, Other Assets From Guardian News & Media

GigaOM Acquires PaidContent, Other Assets From Guardian News & Media

Nandana Das 6 years ago
US-based business and technology media firm GigaOM has acquired paidContent, the...
Travel media firm Skift raises $1.1M in seed funding led by Lerer Ventures

Travel media firm Skift raises $1.1M in seed funding led by Lerer Ventures

Sainul K Abudheen 5 years ago
Skift, a New York-based travel intelligence media company that offers news,...
HT Media to launch a startup accelerator for digital media along with US partner

HT Media to launch a startup accelerator for digital media along with US partner

Manu P Toms 3 years ago
HT Media Ltd, the 91-year old media company and the publisher of English daily...
No Comments

ContentNext Media Sold To UK's Guardian For $30 Million

Powered by WordPress.com VIP