Web 2.0 News

Federated Media Raising More Money, Looking to Sell
The company, which sells advertising for a number of blogs and other websites (including TechCrunch), had revenues of $4.5 million in 2006, its first year in operation. Projections for 2007 were $30 million in sales and 'several million dollars' in profit.

Source: http://www.techcrunch.com/2007/03/07/federated-media-raising-more-money-looking-to-sell/