Tuesday, October 28, 2008

What Recession? Not In Online Sports Media

Congrats to Tyler and the SB Nation crew for the mid-seven-figure investment that puts former AOL programming honcho Jim Bankoff in charge (and Ted Leonsis, among others, as an investor).

Founded by Daily Kos' Markos Moulitsas, SB Nation is an aggregation of team-specific blogs -- some their market leader, others not.

Meanwhile, congrats to Bleacher Report for snagging a $3.5 million investment in a B-round of financing. (That should help finance those 7,500 contributors cranking out 400 articles a day.)

Aside from being entirely scalable -- though perhaps not without diminishing editorial quality -- BR has some notable distribution deals with mainstream sports sites.

Now, to the both of you, two words: Cash preservation! (Kidding: Just ask Mark Cuban -- this is the time to find your focus and create market share while others hunker down.)

-- D.S.

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