Guardian News and Media: Media vultures circling for


Guardian News and Media, the U.K. publisher of The Guardian and The Observer, is losing so much money -- £100,000 ($162,000) per day -- that it may be forced to sell assets to raise cash, industry sources say. One property that could be in play is ContentNext, the U.S.-based web publisher of, which GNM bought last year for $30 million. With its good reputation for digital media coverage, sources say, ContentNext could make for an attractive acquisition target.

One company interested in potentially scooping up ContentNext is WebMediaBrands, formerly JupiterMedia. "I would certainly be interested in discussing it," Alan Meckler, the company's CEO, tells DailyFinance.

Originally published