We have a very rare generic domain name in the billion dollar media marketplace. With the continuing trend away from print newspaper and toward online newspapers, this is in the perfect position for explosive growth. In the past twelve months, the site has seen traffic of 2 million unique visitors! It has a #1 ranking on the major portals including Google, Yahoo and MSN for Newspapers and #2 on each of these for Newspaper. The basic site, as it is right now with modest ads, generates passive revenues of 30k annually. This is a strategic buy for a company or conglomerate in the industry to develop into a huge media website. For a relatively modest capital investment in comparison to the recent buyout of Newsday by Cablevision for $650 million, an investor can purchase this absolutely rare generic domain name, hire top newspaper writers in the industry and have access to the largest media market in the world.
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