Sports Blogs Networks Takes My Incubation Model For The Sports World

Sports Blogs Nation has just secured $3.5M for its network of professional sports blogs. A former AOL exec has joined them in their efforts as well.
SBN has more than 150 seperate team-specific blogs that they have either partnered with or put someone in charge of.
They provide the blogs with similar templates, swap equity with them, get first dibs at acquiring or distributing their content, promote each of them and share the proceeds (ad rev)
Its a similar model to what I reccomended the Blogger and Podcaster Media Network do last night. The only problem is, unless they have every sports team covered, they aren’t a very valuable place to go to (theyre dreaming if they think they can) Also, why isn’t the homepage delivering more fresh content that looks like a newspress as opposed to just looking like an aggregator? Also, this project may take more manual work than they once thought. I could see a ‘blogger for hire’ sign coming out of their offices very soon.