Friday News Watch 2: UK Guardian Buys PaidContent for $30m ... More Euro Buys Ahead?
The UK newspaper group Guardian Media paid $30 million for PaidContent, a media company founded by Rafat Ali and which publishes a popular newsletter and web site covering the media industry.
The Guardian newspaper is one of the top UK newspapers famous for its left of center position. It is also well known for its extensive coverage of the media industry, making it a good fit for the acqusition of PaidContent.
The Guardian has also been one of the leaders in using new media technologies such as RSS.
Will European Euros be used to buy more US media properties?