Erick Schonfeld provides a detailed breakdown of the ad-network for blogs called Federated Media. He says:
Rather than launch 50 blogs that may or may not be interesting and sell advertising across them, Batelle is trying a different tack with FM Publishing. He’s collected about 50 high-quality blogs and Websites like BoingBoing, Digg, GigaOm, TechCrunch, and Techdirt to be part of his network. They focus on producing great content, and FM Publishing focuses on bringing great advertisers to them. It’s a distributed, er, federated, business model that positions FM Publishing at the crucial nexus betweeen its network of bloggers and its network of advertisers.
business2blog: B2Day : Battelle’s Federated Media is Open For Business

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Hi I am looking to buy inventory, specifically i need online media (all standard IAB formatts) that is targeted to German IPs.
I can buy on the mormal CPM and CPC basis. Please let me know what you have for sale, the volume and price points.
I look forward to hearing from you and hope we can do some business.
kindest regards
Bo ( Miss )
Media Executive
eSpot Digital
landline uk: +44 (0) 203 371 7363
fax: +44 (0) 1752 451914
April 22nd, 2009 at 1:39 am