The Guardian Buys Rafat Ali's PaidContent For $30 Million
Rafat Ali's 6 year old web publishing company Content Next has been bought for maybe up to $30 million by Guardian News & Media, the news media division of UK-headquartered Guardian Media Group. Content Next began when Rafat started to publish their cornerstone publication PaidContent.org. A press release by Rafat on his site says:
This starts the 2.0 phase of our company ContentNext Media: we will remain a stand-alone business under GNM. This also marks a major expansion of Guardian’s U.S. presence….it already runs the Guardian America website, focused on U.S. audiences. You can see all the formal details in the release below.