Thursday, October 06, 2005

Thurs - AOL announces buying leading blogging site Weblogs

AOL announces buying leading blogging site Weblogs. The 85 blogging sites that AOL is getting as part of its purchase of Weblogs Inc. let users read about everything from travel to technology and debate on topics like parenting and movies.

The move comes as AOL, facing drops in subscriptions as its traditional dial-up business declines, focuses more on offering free content to attract a larger audience and create more advertising space.

AOL, a division of Time Warner Inc., is apparently paying $25 million in an all-cash transaction.

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