Boomerang

There’s a report that Blog Mogul Nick Denton, of Gawker Media (which controls 15 sites), plans to sell two blog propoerties; tabloid-centric Sploid and video clip aggregator Screenhead. In addition, editors at Gawker, Wonkette, Gizmodo and Gridskipper were moved or replaced within the network.

According to Denton, his motivations for the reorganization are based on the bubble he perceives that is growing in the market. He says, “The world does not need more blogs and if you count all the pages on MySpace, there’s approximately one reader for every blog out there.”