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"Following its reported $25 million in fresh funding, Buzznet is continuing its acquisition spree, snapping up the music blog Idolator from Nick Denton\u2019s Gawker Media.  The move follows Buzznet\u2019s recent acquisitions of Stereogum and Qloud.\nBuzznet, a social network already noted for its focus on music and pop culture, appears set on using its funding for bringing in new content and users through acquisition.  According to Compete, Idolator and Stereogum combine for around 300,000 visitors per month (US-only), with Buzznet claiming they are the #1 and #2 blogs in the music vertical.  Certainly, Buzznet will be hoping to gain some sort of \u201Cnetwork effect\u201D by rolling up several similar properties into its own blog network.  \nIdolator\u2019s founding editor Maura Johnston will stay on board.  Terms of the deal are not being disclosed at this time.\nUpdate (8:30 PT): Media Bistro reports that Gawker has also sold Wonkette and Gridskipper to Blogads and Curbed, respectively."^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2008/04/14/buzznet-acquires-idolator/>