So bear with me while I prove something very obvious: the circle jerk called media. Starts with reports about comedy/parody site/paper TheOnion being in sale talks with Viacom/Comedy Central….the report first came out in HuffingtonPost, here. Also, it is also coming out in NYPost (which says the deal price, if it happens, may be in the $10 million range) that Diller’s company is in advance talks to buy or invest in another comedy site CollegeHumor, for about $20 million.
We noted earlier this year that Diller’s company was in talks with HuffPo to help build a separate satiric news and entertainment site. Also, Michael Jackson, the recently appointed president of programming at IAC said at MIPTV that it is looking at comedy ventures, and would be launching and acquiring for it.
And then, the news leaking out that HuffPo is raising about $5 million in its first institutional round of VC funding later this summer. And oh, also, IAC is now selling ad inventory on HuffPo site.
I’m all confused now…
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