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Buzznet Buys All of Stereogum


By: Spacelab Research Staff

People ... People needing people.


Change happens, and the ever-changing landscape of music on the web is happening as Stereogum has been bought in full by Buzznet, after Scott Lapatine, Bob Pittman and Jason Hirschhorn traded their equity stakes (mmmmm ... equity steaks) in the site for an ownership percentage of BuzzNet at the end of last year.


Paid content is reporting:


"Also, recently, investors Bob Pittman, of the Pilot Group and Sling Media’s Jason Hirschhorn traded their equity stakes in the influential indie music blog Stereogum for an ownership percentage of BuzzNet. We have confirmed through sources that Buzznet now fully owns Stereogum. Not sure how this plays into the new funding, but the financing may be used in making some other music and entertainment related content acquisitions and possibly rollups, our sources say."


This could explain the new look for Stereogum.

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