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CBS buys Dotspotter for $10 Million

October 11, 2007 By 2 Comments

Gossip blogs and websites are all the rage. They generate enormous amounts of traffic and run the gamut of pop culture searches. I have blogged about CBS numerous times (wallstrip and last.fm acquisitions) as the network continues to diversify into a number of interactive and web 2.0 properties. “Content is king” and CBS continues to bet big on that platitude. $10 Million bucks for an infant site with next to no revenue is par of the course in the wake of over-inflated valuations in web acquisitions. However it bods well for a friend of my who is in this catergory and it may have just landed him some nice valuation. Take a peak at his glamor gab blog with a southern twist over at Fatback and Collards.

Paid content has the full scoop along with some sweet info about the seed angels behind Dotspotter.




 

Filed Under: Web 2.0 and Beyond
About Tod Whipple

An obsessed serial entrepreneur. Founder of Startup Addict. Commercial Real Estate Expert. Technology Ninja. Lover of all things Business. Former movie & television producer. I have a Black Belt in "Keep'in it Real". Fuel your passion it will be 1% work 99% fun. You can connect with me on LinkedIn or follow me at @todwhipple or this blog @startupaddict.

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  • http://www.fatbackandcollards.com fatback

    Dotspotter did everything right, dude and they are reaping the bennies. It’s the poor legacy slobs trying write original content that are left in the lurch. Look at the difference between and Oh No they Didn’t (a live journal site) and Perez Hilton. You have monetize big if you want to sell out. It’s all about creating the Empire. UNLIMITED POWER!