Today I'm pleased to announce that Bilerico Project will be joining the AOL family of blogs. The media giant, which recently purchased the Huffington Post and some other properties, wants to expand it's reach into the LGBT market. The purchase price is $12 million dollars.
Bilerico started in September 2004 as my personal blog and has slowly morphed into one of the web's largest and most popular LGBT news and opinion sites. I've been incredibly proud of our growth and award-winning content and I'm confident that AOL will continue our proud tradition of respecting and welcoming all people to join us in discussing the LGBT movement.
Alex Blaze, our managing editor, will be sharing the proceeds of the sale with co-founder Jerame Davis and me. The three of us will be leaving the editorial staff of Bilerico and Mike Rogers, formerly of BlogActive and a co-owner of RawStory, will be taking the reigns. Rogers, already a Bilerico contributor, will be assuming control on Monday morning.
"Having helped to build my site into a well-known news service, I am looking forward to using my skills to elevate Bilerico to a new level within the AOL structure," Rogers said. "I understand that there will undoubtedly be disappointments as we move to restructure the site. Approximately 38% of current contributors will be removed, but we'll be bringing in new star bloggers like Andrew Brietbart and our new managing editor, Chris Barron."
After the concerns of bloggers at Huffington Post who weren't given any of the payout of that site's sale, Bilerico will compensate our contributors as part of the sale. We are going back to the site's creation and will pay each contributor $0.28 per article they have written.
So long and thanks for all the fish.