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

Why are Tories so Upbeat? | Alex Wickham
Clear Public Interest in Newmark Sting | Mirror
Boris Invites Farage to Join Tories | Guardian
RAF Too Run Down to Fight Islamic State | Con Coughlin
Osborne’s Personal Cuts Regime | Quentin Letts
Whoever Wins is Cursed | Janan Ganesh
Dave Will Never Be Forgiven if Ed Becomes PM | Trevor Kavanagh
What is Dave’s Big Message? | Tim Montgomerie
Voting UKIP Only Helps Ed | Boris
Only Tory-UKIP Deal Can Stop Labour Win | Dan Hannan
Tories Need to Be Party of Ideas | Laura Perrins


VOTER-RECALL
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Mark Reckless told UKIP…

“We are more than a star on someone else’s flag.”



cynic says:

Can anyone help me? I went on holiday a week ago and returned to find someone has pulled out the stake and Gordon Brown is back and acting as Prime Minister. What did I miss? Has there been a snap election?


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