http://tags.gawker.com/assets/base/img/thumbs140x140/gawker.com.png http://gawker.com/tag/valleywag/internetbrands http://gawker.com/tag/valleywag/internetbrands High-Def Digest, a video enthusiast site with more traffic than Boing Boing, has been sold to Internet Brands, a domain-name speculator turned online-advertising network. That's bad news for John Battelle's Federated Media network, which up until now has repped the site; with Sphere's sale to AOL, it's the second acquisition this month to thin Federated's client list.

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