In a deal said to be worth approximately $5-6M, it is rumored that Rainbow Media, a wholly-owned subisidiary of New York’s Cablevision system, has purchased Gothamist LLC which owns the DCist blog here in DC. When asked for comment, DCist Editor Sommer Mathis said she had seen the story, but hadn’t received any information from Gothamist concerning the disposition of any deal.
The story remains unconfirmed, and could be incorrect, but the idea of large media outlet systems like Cablevision purchasing up medium- and large-sized blogs has all kinds of far-reaching consequences. The parallels between websites and radio stations is one that we would do well to remember in this particular situation.
More as the details unfold.
Business Insider says talks are still going on, and Jake Dobkin, despite repeated attempts to get anything else, just said, “No Comment.”