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I think that blogs create some of the most compelling content anywhere, so this quote got my attention:
The golden age of Internet acquisitions is upon us. Large media companies will be gorging on existing and promising content sites for years to come.
The context:
For News Corp. to buy a site like Beliefnet surely shows that News Corp. is only at the beginning of its Internet buying spree. This is bullish news for content sites on virtually any topic. The Internet has finally achieved what I had predicted in the mid-1990s: that the Internet would spawn an enormous wave of vertical content sites way beyond what print was ever able to accomplish. Internet [publishing] is an economic wonder. Regardless of the number of readers, costs do not increase very much. .... And now that the Internet is becoming part of every home and business worldwide the opportunities are greater and greater for vertical content sites to thrive (for both the consumer and the BtoB market).
...
If I had time, I think I would work as a media banker buying and selling Web sites.
BTW, who is this guy and why should we listen to him? He was one of the first successful internet entrepreneurs.
Alan M. Meckler is founder, Chairman and CEO of Jupitermedia, and was an executive at Mecklermedia Corporation from 1971 until it was acquired by Penton Media (a large publisher of trade magazines) in November 1998 for $274 Million. Mecklermedia ran industry-renowned events such as Internet World.
Jupitermedia includes Jupiterimages (with over 7.0 million images online), internet.com and EarthWeb.com for IT and business professionals; DevX.com for developers; Mediabistro.com and Graphics.com for media and creative professionals. JupiterOnlineMedia properties include more than 150 Web sites and over 150 e-mail newsletters that are viewed by over 20 million users and generate over 400 million page views monthly.
Worth noting: I thought the best coverage of the Beliefnet acquisition came from Paid Content with some additional history at alarm:clock.
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