Monday, April 14, 2008

Buzznet Buys Music Blog

Los Angeles-based Buzznet, an online social media and networking site focused on music, said Monday that it has acquired Idolator, a music blog owned by Gawker Media. Financial terms of the acquisition were not disclosed. Idolator is a blog which provides music reviews, recommendations, and commentary on music, and was started in 2006. Buzznet said that Idolator will continue to maintain its editorial direction, with founding editor Maura Johnston. The acquisition of Idolator is the second blog acquisition for the firm this month; the firm announced earlier this month that it had acquired Stereogum, another music-focused blog site. Buzznet is venture backed by Anthem Ventures, Interscope, and Redpoint Ventures.