Wired News rejoins Wired Magazine
The pioneering Wired News is finally coming out of exile, formally rejoining the Wired Magazine family after eight years of separation. Conde Nast, the owner of Wired Magazine, decided to it was time to unite the Wired properties, which were sold off separately during the early Web days. The mothership, Wired Ventures sold the print magazine to Conde Nast while the Web sites (including Wired News, Hotbot.com and WebMonkey) to Lycos, which was subsequently acquired by Daum Communications, a South Korean Web company, for $95 million in 2004.
Conde Nast scion Steve Newhouse made an offer Lycos could not refuse--$25 million for the site, which has eight staffers and is housed in the same office as the magazine in San Francisco--to gain full control of the online Wired brand and its future build out. Wired News already had right to publish Wired Magazine content.
