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

Guido’s Column | Sun
Carney is a Feminist | Kathy Gyngell
Middle Class Moralism of Owen Jones | Spiked
Booze-Fuelled Fight at Palin Party | Times
Nick Robinson Attacked as “Liar” | Mail
Sweden Turns Left | Times
Public Wants England Only Votes in Commons | Times
Ban Scottish MPs From Voting on Tax and NHS | Mail
Elitist Politicians Caused Democratic Disenchantment | Janet Daley
Police Can’t Stop Man Who Stalked Me for 7 Years | Nadine Dorries
Owen Jones’ Middle Class Moralism | Spiked


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