Guardian acquires PaidContent publisher

Guardian News & Media has confirmed that it has acquired ContentNext, the US-based publisher of digital media business website PaidContent.

Guardian News & Media will incorporate the network of digital media websites into its B2B branch Guardian Professional, but will maintain it as a stand-alone business run by founder and editor Rafat Ali and chief executive Nathan Richardson.

Founded in 2002, ContentNext comprises the flagship paidContent.org, the mobile content website mocoNews.net, the UK- and Europe-focused paidContent:UK and contentSutra.com, which covers India’s digital market. It received funding from Greycroft Partners in 2006

In a press release, Guardian News & Media managing director Tim Brooks said: “We have long been admirers of Rafat and the business he has built, which is an indispensable resource for so many senior people in our industry.”

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The story was first reported this morning on All Things D.

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