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We're really proud of Weblogs Inc. co-founder Jason Calacanis. He stopped videocasting from his flights just long enough to sit down and sell his company (a blog network of 80 sites with advertising) to AOL for a reported $25 million. Not too shabby! And God bless him for it — after he held on to his Silicon Alley Reporter publishing venture a bit too long and consequently got bit in the ass when the 90's bubble burst, we'd genuinely shed tears if Calacanis made the same mistake again. But our faith in the dorkier side of mankind is thus restored as, for now, no one is that stupid (knock on wood). Lesson learned; sell yourself while you can!

And, in related news, tomorrow Gawker Media will announce its sale to News Corp. The Rupert of the blogosphere has been dying to sell to the Rupert of Rupert.

Exclusive: Weblogs Inc Being Bought Out By America Online [PaidContent]