51% of College Humor Sold for ~$20mil
I’m not really a fan of College Humor…don’t get me wrong, I don’t hate it, I’m just not an avid viewer. It seems that some people are…in fact, some 6 million unique visitors a month are. The Gawker reports that InterActiveCorp took notice of the sheer number (read: success) of hits going to the beer-drinking-boob-posting-frat-boy blog site and made an offer. The result: College Humor has sold 51% of the site’s ownership to IAC - and if you find it hard believe it, simply check IAC’s list of businesses on its site. This ~$20 million+ move gives IAC a say in the way the lude blog is run…For the site’s success, one can hope the influence would be minimal.
All things considered, the creators of College Humor (who are also the creators of BustedTees…where I got my cool shirt) are doing quite well, as Gawker states:
CollegeHumor founders Josh Abramson and Ricky Van Veen will continue to oversee the Connected Ventures operations. The Company recently released the book The CollegeHumor Guide to College and is developing a film for Paramount Pictures. Through Connected Ventures they also operate a number of other successful online content and retail brands including BustedTees.com, a retail business aimed at the CollegeHumor.com demographic.
This is definately a blogging success story if I’ve ever seen it.
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One Response to “51% of College Humor Sold for ~$20mil”
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Stevie D.
Posted: Aug 29th, 2006 at 12:16 pm1
I hope they don’t change it, but sadly it wouldn’t surprise me. Perhaps they don’t think they’re making enough $$ from it.
- Stevie D. (lazycomic.blogspot.com)