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Monday, January 23, 2006

The Money Blog Network (Moneyblognetwork.com)

From their press release:

Top Personal Finance Bloggers Unite to Launch MoneyBlogNetwork

January 23, 2006 – Five of the top Internet personal finance bloggers today announced they have banded together to create a first-of-its-kind personal finance blog network designed to put personal finance wisdom, best practices and commentary just a mouse click away.

The new network, with headquarters online at www.moneyblognetwork.com beginning today, will be composed of the following top-performing personal finance bloggers:

JLP of AllThingsFinancial

Jim of Blueprint for Financial Prosperity

Flexo of Consumerism Commentary

Nickel of Five Cent Nickel

FMF of Free Money Finance

“We’re confident the MoneyBlogNetwork will be the top ‘one-stop shop’ for personal finance information upon its introduction,” said FMF of Free Money Finance. “Combined, the five founding members get more than 4,000 daily visitors and more than 10,000 daily page views, and their work has been recognized in Newsweek, BusinessWeek, The Wall Street Journal, The NY Times, Yahoo Finance, PC Magazine and others.”

The new network will begin with the five founding blogs and may elect to add others over time. Readers can subscribe to its high-quality information for free using an RSS feed, which can be accessed though the network’s home page.

Blogging networks have seen growing success in the past year. In October 2005, America Online announced the purchase of Weblogs Inc., a network of Web sites focused on a wide variety of topics. The deal was estimated at approximately $25-million, though financial figures were not disclosed.

I’m sure this answers a lot of questions for many of the personal finance bloggers (and likely brings up some new ones). For now, we’ve certainly got a lot to do, to figure out, and to work on, but we look forward to making the MoneyBlogNetwork something that benefits personal finance blogging, the blogosphere in general, and, of course, all of our readers.

A great idea, guys.

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