Eight years ago, Condé Nast bought Wired Magazine (print) and Lycos bought Wired Digital. Now, Condé Nast is fulfilling a longtime goal of uniting the two publications with its purchase of Wired News from Lycos for $25 million. Lycos isn't selling Hotbot, Hotwired and Webmonkey, but today's deal includes all of Wired News assets -- website, news content and domain name.
About a year ago Wired News laid off all staff writers when it cut its work force by half. Since then Wired News has relied on freelance writers.
Condé Nast said it would retain Wired News staff according Daum Communications of Korea, Lycos' parent company. CondéNet, Condé Nast Publications' web division, will operate Wired News assets.
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