Henry Copeland, the CEO of BlogAds.com, which sells ads for PerezHilton.com, tells paidContent that the new site is expected to launch in August and that more details will be made public in coming weeks. One impetus for the move may be the success of Microsoft’s new MSN Wonderwall site, which launched earlier this year to impressive traffic and has proudly sold itself to advertisers as “snark-free.” Lloyd Braun, the co-owner of BermanBraun, which is partnering with Microsoft (NSDQ: MSFT) on Wonderwall, said in April that “Wonderwall is a site that you don’t have to take a shower after you’ve read. Advertisers want no part of that. We’ve been up three months, we’ve never had a complaint from an advertiser, an actor or an agent.”

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PerezHilton.com’s traffic continues to grow, according to Compete.com, but a quick look at the site shows that, unlike Wonderwall, it is not bringing in big-brand advertisers. Instead, the site is filled with a mishmosh of ads, mostly for smaller clothing websites (Of course, that’s just a day’s sample but it’s still not a positive sign).