July 23rd, 2008

New Statesman Owner Buys LabourHome

Guido has been hearing rumours that LabourHome was “in play” and that two bidders were after the site. Tom Miller’s Newer Labour has the exclusive confirming that LabourHome has been bought by Mike Danson, the new owner of the New Statesman.
Newer Labour reports that it went for a “high five figure sum… with some of the existing editors, like Alex Hilton, one of the foremost Labour bloggers and co-founder, Jag Singh, staying on board.” PoliticsHome had also shown an interest in bringing the site into the “home” network – Freddie Sayers had been in negotiations with the site but got gazumped.

Guido called Alex Hilton, LabourHome’s chief commissar, to commiserate with him for not getting a six-figure valuation. (Guardian Media Group just bought PaidContent for $30 million, the Gawker group of blogs is valued at over $100 million.) Alex would only say “We are very pleased to have the support of the New Statesman” from his yacht in the Caribbean.

Guido reckons that if the valuations being achieved in the U.S. were reflected here, the leading blogs would be worth seven figure sums. Mrs Fawkes has become noticeably less intolerant of Guido’s blogging of late…



Seen Elsewhere

Nick Robinson’s Britain First Selfie | Metro
Dyson: Leave German Dominated EU, Join EFTA |
How UKIP Won Rochetser | Seb Payne
Labour’s Islington Problem | Harry Phibbs
Ed Lost More Than a By-Election | Labour Uncut
Labour the Biggest Losers in Rochester | Speccie
Thornberry a Gift to Farage | Nick Wood
Is Left Finally Turning Against EU? | Dan Hannan
Labour Votes Going Green | Guardian
UKIP Winning Class War | Tim Stanley
UKIP is a Good Thing | Peter Bone


Find out more about PLMR AD-MS


Ralph Miliband on the English…

“The Englishman is a rabid nationalist. They are perhaps the most nationalist people in the world.”



Left on Left says:

The lefties are attacking because the panellist is a millionaire and lives in a London home worth upwards of two million. Someone had best tell them he’s called Ed Miliband.


Tip off Guido
Web Guido's Archives

Subscribe me to:






RSS




AddThis Feed Button
Archive


Labels
Guido Reads
Follow

Get every new post delivered to your Inbox.

Join 1,595 other followers