Guardian News & Media announced the acquisition of ContentNext Media, a B2B media company that covers digital media, the entertainment and technology sectors, and publishes paidContent.org. It has been widely reported that that the Guradian paid north of $30 million for ContentNext. Its founder and editor, Rafat Ali, and CEO, Nathan Richardson, will continue to run the company as a stand-alone business. Its publishing network comprises the flagship paidContent.org, mocoNews.net, paidContent:UK, and contentSutra.com. The move marks a major step in Guardian News & Media’s expansion outside of the UK. In the last nine months it has launched Guardian America, offering news and comment to a US audience, and forged a new commercial relationship with Reuters to sell advertising in the US.