Weblogs Inc bought by AOL

Apparently Weblogs Inc, the blog media company founded by Jason Calacanis and Brian Alvey has been bought by AOL for a staggering $20 million (or so i’ve been told). That’s twenty million dollars my fellow bloggers! Holy mother of blogs, that’s amazing. I was also shocked to learn that Weblogs Inc were making an average turnover of $1 million plus per year on Google AdSense alone bringing their overall takings each year to roughly $2 million.