BlogCatalog is one of the biggest and best known blog directories around, and currently is a Bloggy Network property, at least for now. Some lucky person is going to have the chance to add this site as one of their own as it has been listed on Sitepoint as being for sale

What is BlogCatalog?
BlogCatalog is a directory listing of blogs, but more than that, it is one of the few that are well established. The site was originally created in mid-2004 and has since been added to DMOZ, Yahoo Directory, and has been linked to by many sites. It has had a consistant Google PageRank of 7 for over a year now, and comes in as number one in searches for “blog directory”.

Why is it for sale?
With an ever increasing blog network, BlogCatalog has become the odd-man, and so it needs a loving home where it can continue to get the love and attention it deserves.

What else can you tell me about it?
The design was created by a high end design firm, FortyMedia.com, the advertising revenue from the site comes to around $1700 a month, and Yahoo Site Explorer says the site has over 1,000,000 backlinks.

This isn’t a property that Bloggy Network really wanted to let go of, but with the sale of one property, time and energy to start and develop new things becomes available. If you are looking for a powerful site, that has been around for a while, has some great Page Rank and some great search result positioning, you will want to jump on over to the Sitepoint auction.

Update: Sold for buy it now price. Great stuff! Another showing of how the market currently is.

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