Conde Nast to buy Wired News

Iria · Jul 12, 2006, 03:58 AM

Source: ZDNet
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Conde Nast, which bought Wired magazine eight years ago, is paying $25 million to acquire troubled online site Wired News from Lycos, the companies said late Tuesday.

Conde Nast, whose roster of publications includes The New Yorker, Vogue and Architectural Digest, will retain the 15 to 20 Wired News staffers, according to Daum Communications of Korea, which bought Lycos two years ago. The Wired News staff is located in the same building as the print magazine in downtown San Francisco.

Lycos will retain Hotbot, Hotwired and Webmonkey, the other Wired Digital properties.

Jul 12, 2006, 03:58 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Conde Nast to buy Wired News Source: ZDNet ____________ Conde Nast, which bought Wired magazine eight years ago, is paying $25 million to acquire troubled online site Wired News from Lycos, the companies said late Tuesday. Conde Nast, whose roster of publications includes The New Yorker, Vogue and Architectural Digest, will retain the 15 to 20 Wired News staffers, according to Daum Communications of Korea, which bought Lycos two years ago. The Wired News staff is located in the same building as the print magazine in downtown San Francisco. Lycos will retain Hotbot, Hotwired and Webmonkey, the other Wired Digital properties.