Everyone knows that there’s a recession going on right now. I’ve heard that word so many times that I’m already sort of pissed at myself for typing it out two seconds ago. If you find yourself in need of money these days, or perhaps a new job opportunity, look no further than blog network giant, Buzznet, which garners more than 40 million visitors each month to sites like Stereogum, Idolator, and Absolute Punk. Focus Ventures, a Palo Alto-based company, has just invested $12.5 million in the blog network, coinciding with its name change from Buzznet to Buzz Media. The company intends to use the money to focus on adding more pop culture blogs to their network (look out, Mr P!). [Editor's note: I'm looking!]
Excuse me, but $12.5 million for a network of music blogs? Must be nice to have some extra cash to invest with! Meanwhile, the water for my ramen is boiling, so I’ll catch you guys later.
