• more about

    #currenttv

    Al Gore's TV Network Firing 80 People Due to Wild Success

    Its Staffers Rescued, Current TV Needs to Get Rid of Staffers

    Formerly Imprisoned, Laura Ling and Euna Lee Now Free to Tell Their Tale (Mostly)

    read more: #socialnews, #currenttv, #top, #acquisitions, #losergeneratedcontent, #media, #msnbc, #newsvine, #valleywag

    MSNBC.com buys Newsvine — but for how much?

    NewsvineNewsvine, the Seattle-based headline aggregator — think Digg, but without the heartthrob cofounder — has sold to MSNBC.com for an undisclosed amount. The company had raised a small amount of venture capital, $1.5 million, which has led some industry insiders to peg the price at more than $15 million, less than $35 million. Newsvine, like Digg and the rest, encourages users to discuss news headlines, but it adds a twist: So-called "citizen journalism," where users also write their own articles. To a cynic, allowing that just spells more loser-generated content. But for MSNBC, which has, since its birth over a decade ago, been struggling to embrace the Web, the prospect of viewers contributing reporting has double appeal. First, it potentially cuts costs, and secondly, it adds a much-needed appearance of hipness, as upstarts like Current.tv threaten to garner a more youthful audience.


    Contact information for this author is not available.