You have read it right! John Scott is selling it’s popular webmaster forum V7N for $500,000 at Sitepoint Market Place. This is something unbelievable for many that this high traffic forum will be sold some day. You can check the the auction here.
Established on 29 Feb 2004, this forum has amazing traffic with 700,000 Uniques/Month and 3,000,000 Page views/month. John has stated that major part of revenue is generated from Web directory accounts and Advertising also brings in considerable income. The auction was listed to sitepoint on 18th Feburary 2008.
If you have a watch on seo contests in the past you must have remembered the most popular V7ndotcom Elursrebmem SEO contest , which was probably the largest seo contest of all time. I wish seocontest2008 may go same way to become the largest seo contest in 2008.
great news! I am gonna buy this network. Scott has sold his other sites too, he is planning something away from internet space, something like selling microwave oven.