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Times Company Invests In WordPress Commercial Arm

         

engine

11:42 am on Jan 23, 2008 (gmt 0)

WebmasterWorld Administrator 10+ Year Member Top Contributors Of The Month



Automattic, the commercial arm of the popular WordPress publishing platform for blogs, has received $29.5 million in financing from four companies, including a small portion from The New York Times Company.

Automattic received $1.1 million in financing about two years ago. Polaris Venture Partners, True Ventures and Radar Partners were joined by the Times Company in the second round of financing.

Times Company Invests In WordPress Commercial Arm [nytimes.com]

vincevincevince

12:05 pm on Jan 23, 2008 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Could this possibly be a platform for subtly influencing blog systems away from direct competition with mainstream news?

phranque

12:20 pm on Jan 23, 2008 (gmt 0)

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good thing there is MTOS [webmasterworld.com]!

rogerd

7:40 pm on Jan 23, 2008 (gmt 0)

WebmasterWorld Administrator 10+ Year Member



It will be interesting to see what kind of business model evolves to justify a $30MM investment.

Bloggers have an insatiable appetite for free stuff...