Within 24 hours of the Blog Catalog being listed on sitepoint (related news on Blogging Pro), the blog directory sold for its BIN price of US$40,000. 2RSS, meanwhile, sold for its BIN of US$ 7,000, while the BIN offer for Eatonweb as of this writing is currently US$ 10,000.
What’s notable with such directories is that they usually get great Google PageRank juice, given the link-exchanging nature of directories and the listed blogs/rss feeds. For instance, Blog Catalog and Eatonweb are PR7, and 2RSS is PR6. Google says Blog Catalog and 2RSS are #1 for queries on blog directory and rss directory, respectively.
Bloggy Network discloses that the reason for selling was that they could no longer give as much attention to these sites as needed, as their main focus is on BlogFlux, a major blog services portal which Bloggy merged with in early 2006.
It does seem that the market for high quality blog-related sites is still strong these days, and perhaps even getting stronger!
* A note on Bloggy Network. Some of you might recall that the transfer of the Blog Herald’s ownership last December caused some confusion, particularly with the name Bloggy Network. Harsh words were exchanged–but not necessarily from the owners of either party, I might add. Well, you may notice from our Disclosures page that the network formerly known as Bloggy Network Ltd. is now Splashpress Media (and has been that way for quite some time now). We are pleased to say that we’re on good terms with Bloggy Network LLC and that both the trademark for the term “Bloggy Network” and the domain name bloggy-network.com are on the way to Jacob Gower and his impressive company.
Now what’s that about the issue of not linking to competitors that we’re hearing about?