Fotolog sold to Hi-Media for $90 mil.

I read that Fotolog has been sold to Hi-Media for $90 million.

Congrats to John Borthwick (whom I know from his time at AOL), Scott Heiferman (whom I met once during the iTraffic days.)

Fotolog is one of the few East Coast, nay, New York City-based Internet ventures and so it's great to see them doing well. While I know that NYC will never equal Sand Hill Road, it's nice to see good people doing Internet work and their work being valued in NYC.