Thursday, August 02, 2007

Discovery Splashes a green $10 million on Treehugger

Discovery discovers TreeHugger
Blogs continue to sell -- but blog valuations are staying modest. Discovery Communications, the cable-and-online media company, has bought enviro blog TreeHugger for a reported $10 million. With nearly 2 million unique visitors, that means Discovery paid a very modest $5 per "eyeball" -- the unpleasant online-advertising slang for a reader.

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