Web 2.0 News

Discovery Acquires TreeHugger.com For $10million
Discovery Communications has announced the acquisition of TreeHugger.com for what is believed to be $10 million. TreeHugger.com started as an environmentally focused blog in 2004 and grew to include forums, green guides and other related features. The site sits in the Top 20 blogs worldwide according to Technorati and is said to have 1.4 million unique visitors a month. Alexa ranks the site at 5,395.

Source: http://www.techcrunch.com/2007/08/01/discovery-acquires-treehuggercom-for-10million/