Tuesday, January 17, 2006

Duncan Riley: first Aussie to cash out on Web 2.0

Duncan Riley's Blog Herald has been announced as the mystery blog sell-out target for the transaction being handled by Jeremy Wright at Ensight. The price will be one of "60K, 65K and 72K" according to Jeremy, which is presumably in US dollars. Seeing as how the Herald started back in March 2003 and earns upwards of $2000 per month it could be seen as a bit of a bargain if you're drinking the Web 2.0 red cordial, as at least three potential buyers obviously are.

Congratulations to Duncan in any case, as AFAIK he's the first Australian to get real cash money in return for a Web 2.0 asset. May he be the first of many.


Anonymous Phillip Molly Malone said...

I haven't fully looked into this but from what I read (and could be very wrong) Ducan isn't going to continue writing on the site so isn't any income that came in other months not a good indication of what will come in future months as it will all depend on what the new author/s are able to do with the site?

Huge risk in my opinion (but hey what do I know, I am just a blogger/podcaster).

11:16 am, January 17, 2006  
Blogger Paul Montgomery said...

THat's true Molly, but TBH isn't as personalised as most other blogs, it's very newsy. As long as the new writer is sufficiently skilled as a journalist then I don't think there will be any appreciable slackening of revenue.

11:24 am, January 17, 2006  

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