TECH CRUNCH -- Feb 11 -- San
Francisco based HotOrNot, founded by James Hong and Jim Young in
October 2000, has been acquired. The buyers are investors connected
with Avid Life Media, and paid
somewhere around $20 million for the site. Their annual revenue is
estimated to be around $5
million, with $2 million in profit. According to Comscore, the site has
around 5 million monthly unique visitors and 200 million page views.
The investors are creating a new company, called HotOrNot Media, and
they may be acquiring more properties as
well. FULL ARTICLE @ TECH CRUNCH
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