According to the Indy’s Feral Beast, questions raised about executive bonuses at a Guardian News & Media meeting last week ‘were given short shrift’ by editor Alan Rusbridger.
As a result of Guardian News & Media’s acquisition of ContentNext, Media Guardian content has started to appear on paidContent:UK. Just recently the same occured vice versa: the appearance of Paid Content articles on the Media Guardian site.
In July, Journalism.co.uk reported that Guardian News & Media had bought ContentNext, behind paidcontent.org, paidContent:UK and the Indian news site contentSutra.com.
An early report by the Wall Street Journal’s AllThingsD column reported that according to sources it was a figure ‘north of $30 million.’
The deal marked a ‘significant expansion’ of GNM’s US presence, a press statement said at the time.
Guardian News and Media is expected to announce the acquisition of ContentNext, the company behind news sites paidContent.org and paidContent:UK.
According to the report, ‘north of $30m’ will be paid for the firm, which will continue to be run independently.