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Blognation to be put up for auction

Blognation founder resigns amid feud with TechCrunch founder Michael Arrington.

The founder of Blognation is stepping down and putting the blogger network on the auction block six months after launching the site.

"I have announced internally that I am stepping down from blognation and that the company will be put up for auction, like edgeio, to ensure that the idea and vision can go forward and that ALL the (cr)editors are rewarded for their loyalty and hardwork," writes founder Sam Sethi.

Sethi was fired from Michael Arrington's TechCrunch a year ago and blames him for not being able to get funding for Blognation.

Jason Lee Miller blogs about the sordid details of the feuding on Web Pro News.

"In the months since Blognation was launched, there have been death threats, accusations of sabotage, failure to secure funding, failure to pay bloggers, and even implications in the death of a blogger," he writes.