Shiny Media, managed by Ashley Norris and Chris Price, recently secured $4.5 million in venture capital from Bright Station Ventures. (Congratulations)

Wagner’s first move at Bright Station Ventures was to take 50% of the 22-strong UK-based blog network, which claims 3m readers each month. It is good news for Shiny and also a healthy development for the European blog sector.

The news was revealed in yesterday’s Sunday Times, which has long been a Wagner-watcher. He famously bought the Boo platform for about a quarter of a million quid, to underpin Venda, an online retail ASP that is going from strength to strength.

Continuing read at e-consultancy

Now it’s all about figuring out what to do with the money. (You can also read about it at the Sunday Times website.)

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