Federated Media, home of Digg.com,
BoingBoing, Dooce and other popular blog-type sites,
announced that it's completed a Series A round of fund-raising with contributions from JP Morgan, the NY Times, Tim
O'Reilly and others.It's interesting the think what this kind of funding could be used for in the user-generated content context that a number of the sites in the network represent. I can only guess that it will lead to even more user generated content. Once it moves past the early adopters, who all know about most of these sites already, I wonder whether the fundamental nature of the communities there will be changed. Will there be new demands in making more and different content scalable? We shall see.
