Paid Content, indeed
Well, there’s an embargo on this. So go read the scoop Kara has. I’ve been bursting with this news. For me, I see two of my favorite companies and sites come together and I get to work with both. More later.
: LATER: Now that word is officially out, I’ll offer official congratulations to both parties. I talked with them both as talks progressed and told them both that this would be a great marriage. I am sure of it. I can say from firsthand experience that the Guardian people are just great to work with: brilliant, challenging, civlized, witty, strategic. (And they don’t pay me enough to suck up to them.) Rafat has always been my premier example of what web journalism and entrepreneurism can product. I know no staff that is more dogged in its pursuit of the story than Paid Content’s. I strongly believe that there is a great opportunity to cover media in America as the Guardian covers them in the UK — it’s incredible to me how little and badly they are covered here with a few exceptions (start with Howie Kurtz). And so I’ve argued that one of the best landing craft’s the Guardian could have for its U.S. invasion is media. And PaidContent is a helluva battleship. I think this is a great move for both.
July 11th, 2008 at 5:37 am
I don’t understand why we can’t read the news from our friend Rafat?
July 11th, 2008 at 6:08 am
Jeff: For a second there I thought you were reporting that BOTH paidcontent and Indeed.com were getting acquired today.
July 11th, 2008 at 6:12 am
Embargoed up to eyeballs. But amazing news.
July 11th, 2008 at 6:13 am
Wow! This is really exciting.
July 11th, 2008 at 5:33 pm
Couldn’t agree more. Both very highly regarded media companies, and as you point out, Rafat and his team just ‘get it.’ Given the all the industry blogs out there, PaidContent has really paved the way for a new generation of journalists who can not only survive, but flourish in the new, connected world.
July 12th, 2008 at 5:39 pm
Thanks for all the thoughts here…only coming up for air now after the crazy time yesterday. Jeff: Very excited about the chance to work with you and blow this out even bigger….
July 16th, 2008 at 1:02 am
Why is anyone paying $30 million for a bunch of reporters and editors? Do they have the traffic to justify that? Look at what alleyinsider.com has done in just a year with a handful of smart correspondents. 6 people x $150K per FTE and you have paidcontent for a helluva lot less than $30 million. Suckas!