Even for Jason Calacanis, this is opportunism taken to a dangerous extreme. The Weblogs Inc founder, now working with Sequoia Capital, the Sand Hill Road powerhouse, is said to be wooing Don Imus for a new web media network. (This is just a one-source rumor, but Calacanis is in Spain, and hasn't yet responded to email, so we're going with it.) The loudmouthed blog mogul has, we're hearing, been bragging to colleagues that he's about to sign the disgraced radio host. Calacanis, who published Silicon Alley Reporter during the last boom, isn't clueless about the potential for bad publicity. The radio host — fired from his CBS morning show for calling black basketball players "nappy-headed hos" — would stick to less controversial topics, such as his work for charity. Which pretty much sums up the unique proposition of podcasting: the medium that can make even Don Imus bland. Update: Calacanis denial below.

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