Los Angeles based, Interent Brands (who we covered last when they went public) today bought a bunch more companies:

A quick browse of these sites shows that the all have strong niche traffic, though none are doing anything particularly interesting. This seems to continue to follow IBs strategy (or lack there of), of buying community driven sites with little technological innovation. While having a slick web 2.0 feel is not a prerequisite, I still wonder if IB is buying assets that ultimately are going to lose their community to cooler places. Maybe the intention is supposed to be that IB will bring the funding in, so these new acquisitions have some financial flexibility to grow, but frankly a look at IBs portfolio, just doesn't show that happening.