By Emily Schmitt

Newspapers are losing revenue left and right as content moves online. But they’re not the only casualty. The Most Valuable Network (MVN), listed by Blogged.com as the largest sports news blog, is closing its doors. On December 7, 2009, MVN founder Evan Brunell wrote a letter to his fans to tell them that the site will close. The reason: money.

MVN was backed by family money, and as Brunell explains, the downturn in the economy hasn’t helped. Online ad revenue dropped and the company no longer has the money to support itself. Brunell added that he has been uncompensated for his work on the site for the last six years.

But fear not. Some of the blogs on the site might find home on Bloguin or Real Clear Sports. Others will spin off as independent blogs.