BlogMad For Sale

I just got word today via the BlogMad shout box that BlogMad is going up for sale or out to pasture on Dec. 12, 2008. I have to say that I have mixed feelings about this whole sale vs stale thing. I mean, under a new administration, BlogMad might become a better traffic generator. On the other hand, maybe these traffic exchanges should go out due to the lack of targeted traffic and Adsense issues that arise via the usage of said exchanges. 

Having said that, I understand that there has been quite a bit of frustration out there with people who have submitted issue tickets and blogs for approval. Administration has been out to pasture lately and been generally unresponsive to answering questions/issues as well as approving new blogs into the system. In addition, spam blogs, spam advertising and frame breakers haven't been addressed either leading many to believe that someone somewhere was asleep at the switch.

Regardless, the administrators of BlogMad have placed the site for sale and (I assume) are entertaining offers. It appears that this whole transfer or potential sale is still in its early stages, so little is known at this point regarding terms etc. Below is a copy of Blogetiq's post regarding the sale.