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.”

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

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