Condé Nast bought Wired News: What that means

The publisher of Wired Magazine bought long-lost Wired News from Lycos, eight years after the two Wireds got split up. But what happens now?

• The remaining eight writers at Wired News can stop worrying about getting fired. (And Wired ought to grow the team back to its dot-com-boom size — this ragtag remainder has been worked to the bone.)
• Lycos will continue its death spiral. It still owns HotBot and Webmonkey, but these are dead properties. Now Lycos is carried by Tripod and Angelfire — two almost-healthy-but-getting-sicker brands.
• The $25 million price means Condé Nast paid $2-3 million per Wired News employee.
• Condé Nast can finally relaunch Wired Magazine's web site (a Wired News property) in the style of Portfolio, the publisher's upcoming business mag.
• "Internet" is capitalized again.

Earlier: What Wired's editor told me before Condé Nast bought Wired News

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