In 2 days, we’ve seen 3 basketball sites get acquired.
- CraveOnline acquires HoopsVibe
- Fantasy Sports Ventures acquires Hoopshype.com
All right, what the f is up with that, you might be asking? A few things.
While the adage says that you should buy low, sell high, I think a lot of these buyers are buying in at a high, so to speak (no, not that kind of high). My point is that the word is out that basketball is giving soccer a run at becoming the world’s biggest global sport. I’m not the first or only one to argue this: American magazine had a good piece on this recently.
I’m not high: soccer - or rather football - remains king. But soccer is not a growth sport; it ain’t growing in the USA, practically the only market where it’s not a top sport.
But basketball? Basketball is a growth sport… it’s grown a lot, but buyers are betting that it will continue to grow, and they are not wrong. So I think what you are seeing is buying high, to go higher.
So why is the global angle so important?
Well, in one decade, the American empire has crumbled… and online in particular, the growth will come from abroad. This does not mean that there aren’t pockets of growth in US new media: video remains high growth, for sure. But for these buyers, they’re not just buying basketball sites, they’re buying global growth.
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WatchMojo Newsletter24/7 Wall Street has an interesting run down of the 25 most valuable blogs. Like all lists, it’s entertaining. I disagree big most of the rankings but agree that Gawker Media is clearly the #1 blog-based publishing company, at least in the Western world (I am sure there must be very valuable Asian, European and South American blog empires).
More interestingly, the list is a mish-mash of technology, celebrity, finance, etc., blogs… which I think makes the list a bit noisy. While I understand diversification makes sense, lumping different publications together in a list, just because they happen to be powered by blogging software, is a bit odd. That’s basically like having a list of sites powered by a given CMS… who cares?
It would be better to see top 5 finance blogs, top 5 tech blogs, top 5 celeb blogs… you know, to compare apples with apples.
Then again, I am biased: here’s a rundown of the Eight Elite Technology Blogs.
The US is notoriously behind Asia and Europe when it comes to all-things-mobile, so upon learning that online video has grown 178% in one year in the UK… I wonder, how much has wireless video grown?
Probably much, much more. It’s a shame: wireless companies are shaving in the dark, largely. I am a firm believer that the Web promise will turn into reality… wireless? Not so sure. I’ve never seen so much money being pissed away with nothing to show for it.
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