Valleywag
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Posts Tagged “
Rafat Ali
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paidcontent.org
blogging for dollars
PaidContent raises blog sale bet to $30 million -- who's next?
ContentNext, the parent of media technology blog PaidContent, was purchased by the UK's Guardian Media for $30 million, pending the site meeting performance expectations in the coming months. The company will continue to report independently in the meantime under new CEO Nathan Richardson and the editorial direction of founders Rafat Ali. It's certainly more than the $15 million deal blog prospector Michael Arrington thought would only afford Ali, Kramer and Co. "spending money," and it's in line with other recent deals such as MediaBistro's $25 million sale to Jupiter and ArsTechnica's $25-30 million sale to Condé Nast. So, which tech news entrepreneur might follow? More »
party report
Founders Club partiers revel in the view from the top
HEARST TOWER, NEW YORK — Far from the sweaty, screaming fans that attended Digg's Brooklyn meetup Wednesday night, the suits of the Alley and Valley gathered last night on the top-most floor of the Hearst Tower for another Founders Club party to celebrate each others' transcendent splendor. All night, giant screens at either end of the party played clips from Citizen Kane, the barely fictionalized biopic based on the life of Hearst Corp.'s own founder, William Randolph Hearst. There wasn't a Hearst in the crowd, but there were those who aspire to be him. Blog moguls like PaidContent's Rafat Ali, Gawker Media's Nick Denton and AlleyCorp's Henry Blodget mingled. New Gifts.com CEO Jason Rapp attended, as did Digg cofounders Kevin Rose and Jay Adelson. Facebook CEO Mark Zuckerberg's mentor, Valley bad boy Sean Parker, was rumored to be in the crowd as well. Jimmy Wales, cofounder of the world's most comprehensive list of William Randolph Heart's angry responses to Citizen Kane, attended with Andrea Weckerle on his arm. Photos below. More »
nerdfight
Rafat Ali's blogging hopes and dreams: to be as boring and profitable as Reed Elsevier
It takes a brave man to get in the middle of TechCrunch's bloggin' VC Michael Arrington and PaidContent founding editor Rafat Ali as they duke it out over the future of their micromedia empires. Timesman Saul Hansell is nothing but brave. In a Bits blog post, he quotes Rafat Ali's new hired hand Nathan Richardson saying that PaidContent differentiates itself from TechCrunch, Silicon Alley Insider and our own Valleywag because it "has not gone down the road of following personal foibles." Then, towards the end of the piece, Ali himself suggeests that Arrington is thinking too small by gunning for CNET:The big market for us is the trade media. Companies like Reed Elsevier, Nielsen, Incisive and Informa play in this market, not these blogs.But are these publishers so evenhanded? Trade publications have a history of being self-interested boosters for the markets they cover. More »
hires
Rafat Ali confirms PaidContent moves, New York office
Confirming early reports, Rafat Ali posted the details of ContentNext Media's new hires, including the promotion of employee number two Staci D. Kramer (pictured, right) to co-editor and EVP and plans to lease space in downtown Manhattan, expanding the company's geographic footprint to the other coast from its current space in Santa Monica. Patrick Dignan (pictured, left) from Forbes will join new CEO Nathan Richardson in New York, and Charlie Koones (pictured, center), former president and publisher of entertainment trade Variety joins the board. Seems more and more execs are buying into Ali's belief that "in the near future, all media will be digital media."
hires
PaidContent blog network hires Dow Jones, Yahoo veteran as CEO
ContentNext Media, the parent company of blogtrepreneur Rafat Ali's media news site PaidContent.org has named former Dow Jones executive Nathan Richardson as the company's new CEO. He's pictured here in his days as general manager of Yahoo Finance. Most recently, Richardson has been doing volunteer work in Liberia for the International Rescue Committee. The move will free Ali from his role as CEO to focus on editorial duties. Look for the company to announce another senior-level hire by early next week. The move makes it clear that company is focused on continuing to grow independently — and Ali certainly won't be selling it to TechCrunch investor-slash-journalist Michael Arrington anytime soon. Update: More on the company's as-yet-unannounced moves after the jump. More »
blogging for dollars
Valleywag seeking $10 million among VC blog feeding frenzy
What is Michael Arrington smoking? His self-indulgent fantasy: All the bloggers should band together into a "dream team," owning equity in the joint venture. "Someone needs to pony up a big round of financing around an existing blog, or perhaps a new entity, and then start rolling them up into a big fat CNET crushing $200 million/year in revenue business," he writes. That existing blog he has in mind is obviously TechCrunch, though he never comes out and says it. What pushed him into this delusion? A rumor that Silicon Alley Insider is raising a $3 million to $5 million round and that PaidContent is also seeking more financing, a charge founder Rafat Ali doesn't exactly deny. Arrington doesn't want his competitors to raise money, because that will screw his ambitions for a big blog rollup. More »
nerdfight
Slide's funding brings out reporters' knives
Scoops are important to journalists. But do readers care? Some writers persist in thinking so. I can't remember ever seeing such backbiting over a humdrum funding announcement: Kara Swisher of AllThingsD scooped everyone last Friday with a rumor that Slide, Max Levchin's Web widget maker, was raising a big funding round. Sarah Lacy of BusinessWeek had more details of the $50 million round in an already-written column published to the Web after Swisher's post. Brad Stone of the New York Times weighed in that afternoon. And that's when the knives came out. More »
parties
