Buzznet Acquires AbsolutePunk 2008-05-05 by Dave de Sylvia EMERITUS | 5 Comments | The social networking site Buzznet, which includes Universal Music Group among its chief financial backers, has acquired the scene news site Absolutepunk.net.
Said founder Jason Tate:
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Originally Posted by Jason Tate
I'll confirm to all of you first - because you're all very important to me. I have a more lengthy response tomorrow (in my personal blog) as the official press release hits the internet.
There have been some rumblings today that we have been "acquired" by Buzznet and I’m excited to let you know that -- welp, it's true.
Basically not much will change other than AP will reap the rewards of engineering resources through the deal – which puts a smile on my face – that single mouse I had powering the site was getting very tired. I will continue to run the site and all the news and stories will continue to be written and reported by the writers you’ve grown to know, trust and love.
For those who rumbled about UMG and all that – UMG doesn’t own Buzznet, they’ve made an investment in the company – those are 2 different things.
UMG will not have any influence or input into anything AP.net is doing editorially – our editorial will stay true to how it’s always been – we cover what we want to cover and what the readers want to see. Period.
Reading a lot of these comments today really made me feel good - because I realized what I've known for a long time: We have a great community that understands my goal, drive, and the overall vision of AP.net. Thanks for everything! Hit up the blog for a lengthy and glorified thank you in the next few hours. Much love.
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Buzznet has also acquired the music blogs Idolator and Stereogum in recent months.
http://www.absolutepunk.net/showthread.php?t=316469&page=21
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Tagged: Various Artists (Punk)
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It's the corporate machine, buying our weapons and taking them from us. /stupid punk comment
| | | so has anyone heard rage against the machin'e's new album
| | | tr00 punx unit3
| | | Wow, a totally lame fanboy site became even crappier.
| | | Despite Jason Tate being a fairy and most of the staff consisting of scenesters, I visit the site a lot.
They do some pretty smart shit there (band chats, lots of news with quick delivery), you just need to swim through lots of shitty scenester news.
Also they have the some of the worst reviewers there.
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