Rainbow Media Set to Acquire Gothamist Blog Network

By Andrew Gauthier 


Gothamist, the local city blog network that is best known for its New York City edition, is being acquired by Cablevision-owned Rainbow Media, paidContent has learned. The price is between $5 million to $6 million, though we understand a good portion of that is a performance-based earnout. Rainbow has Cablevision’s cable channels in its portfolio, including Sundance, IFC, AMC and others.

Gothamist was founded in 2003 by publisher Jake Dobkin, then over the years expanded into other cities such as Chicago, LA, DC, Austin and others, for a total of 14. More…