PaidContent.org gets paid for content
ContentNext Media, a website operator best known for online-media blog PaidContent.org, has taken a first round of funding from Greycroft Partners, the latest investing vehicle for private equity biggie Alan Patricof. ContentNext founder Rafat Ali describes the funding as the "next big step" since his site's launch in 2003. A gaggle of bloggers logged comments on his post to bask in the reflected warmth of the infusion of capital: "This is not only a good day for you and your team but also a great day for blogging and all of the bloggers," writes one.
Ali's new backer, Patricof, is the celebrated investor known for putting money behind Apple, AOL, New York magazine, and Office Depot, among others. Patricof also backed Wolff New Media, the ill-fated startup of journalist-turned-entrepreneur-turned-journalist Michael Wolff, who later penned the book Burn Rate, a bemused reflection on his own dealings with Patricof, media revolutions, and liquidity events. 
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer
LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer.
Morningstar: © 2013 Morningstar, Inc. All Rights Reserved. Disclaimer
The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2013 is proprietary to Dow Jones & Company, Inc.
Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
FactSet Research Systems Inc. 2013. All rights reserved. Most stock quote data provided by BATS.
© 2013 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices .
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