Rafat Ali's Paid Content Finally Pays
ContentNext, the media company founded by tech reporter-turned-CEO Rafat Ali, sold to Guardian News & Media for a reported $30 million. ContentNext’s major property is PaidContent.org, a Web site devoted to “the economics of content.”
According to a story posted on PaidContent, ContentNext will continue to exist as a standalone company under GNM, which also publishes the Observer and the Guardian, along with an American version of Guardian.co.uk.
In 2006 Alan Patricof’s Greycroft Partners invested an undisclosed sum in Ali’s company.
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