AOL makes Jason Calacanis makes AOL look like geniuses
AOL has released numbers detailing the success of Weblogs Inc., its blog network for a reported $25 million. Since taking the company off of Jason Calacanis's and Brian Alvey's hands in 2005, AOL has seen visitor traffic climb 122 percent a year on average, from 1.4 million visitors to 13 million. Revenue went from $6 million to $30 million off of 13 million visitors. You'd think AOL could afford to pay their bloggers to blog.