February 21, 2005

How much is a blog worth?

Just back from a few days offline (chasing old fountain pens in LA, if you must know), and I see that Instapundit is linking to a Times-skeptical post that starts off:

How much are 500 weblogs worth? $410 million! Or $820,000.00 per weblog! How do I know this? Because that's what the New York Times paid Prime Media (KKR) for About.com. You can't make this stuff up.
The only thing is, About.com is hardly "500 weblogs" -- as anyone who's ever used it will attest. An online encyclopedia with 500 collaborator-authors is more like it. It seems it's not just the Old Media that can have trouble discerning what is and isn't a blog . . . .

PS I have no stake in About.com whatsoever (unfortunately!)

Posted by David on February 21, 2005 11:21 AM

Comments

I think you're giving About.com more credit than it deserves. I've tried using it (different subjects) perhaps a half-dozen times over the years and never received a satisfactory answer. Either the moderators don't know their subjects, or don't have either the time or inclination to answer, or something. And, yes, the fora can be used for information. It's also possible to summon a rescue part by putting a message in a bottle. But it's not much of a strategy.

Posted by: Dave Schuler on February 21, 2005 1:44 PM

I don't have About.com bookmarked, but its articles often pop up when I Google a topic, and I've found them very useful.

Mind you, I've never posted a question there -- I've used it strictly non-interactively. For forums, I always seek out more specialized ones, anyway.

This all tends to bear out the original point, however. I doubt that the NYT paid all that money thinking only of About.com's forums -- very likely, quite the opposite.

Posted by: David on February 21, 2005 2:52 PM

I've read About.com articles found by Googling, too. When the article was on a subject about which I have a fair amount of expertise, I found some factual errors; this made me unwilling to take other subjects about which I am less knowledgable with a grain of salt--and to do more research in other venues, double-checking before I commit myself.

Posted by: Rhubarb on February 21, 2005 11:42 PM

That's fair enough -- I've seen plenty of badly mistaken stuff, too, so I probably should have qualified my comments a bit more carefully. The most useful articles I've found through About.com have pretty much all been on other sites.

Still, About.com ain't a blog, nor a collection thereof. If the NYT should be faulted here, it should be for buying a too carelessly edited encyclopedia.

Posted by: David on February 22, 2005 8:36 AM
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