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Universal/Buzznet Buys AbsolutePunk

Absolutepunk.net, arguably the most popular niche music site on the net, has been bought by Buzznet.  This follows recent acquisitions of Stereogum and Idolator as well as a major investment in Buzznet by Universal.

Responding to concerns that Universal can exercise control over AbsolutePunk editorial, AP.net founder Jason Tate  he claims that he remains totally in control:

Absolutepunk_2 "UMG doesn’t own Buzznet, they’ve made an investment in the company – those are 2 different things."

"UMG will not have any influence or input into anything AP.net is doing editorially – our editorial will stay true to how it’s always been – we cover what we want to cover and what the readers want to see. Period."