I began this post months ago and never posted it. Now it’s all but confirmed that BuzzNet FULLY owns Stereogum and on top of that Just received up to $25 million in funding. This according to Rafat Ali of paidcontent who is sitting right next to me at the Community Next conference.
We have confirmed through sources that Buzznet now fully owns Stereogum. Not sure how this plays into the new funding, but the financing may be used in making some other music and entertainment related content acquisitions and possibly rollups, our sources say.
UPDATE: Mashable is reporting that Buzznet has also acquired QLoud, the Steve Case-backed music network seen on Facebook and elsewhere.
Continue reading “BuzzNet Gets Up to $25 Million + Stereogum”