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MSNBC.com Buys Newsvine

NBC/Microsoft Web Site Acquires ‘Citizen Journalist’ Site

By John Eggerton -- Broadcasting & Cable, 10/8/2007 8:40:00 AM

MSNBC.com bought "citizen journalist" site Newsvine.com, marking its first Web-site purchase.

Since part of the theory behind such sites is taking the power out of the hands of big media news sites like, well, NBC/Microsoft combination MSNBC.com, Newsvine assured surfers that it would continue to "operate independently."

The two companies had been talking since May, Newsvine said. No price was given, but MSNBC.com in its story cited the $75 million that eBay reportedly paid for StumbleUpon, although it said that site had about three times the traffic Newsvine claims, which is about 1 million per month, according to Newsvine, which has only been around for two years.

Reactions on Newsvine ranged from "Wow!" and "Congrats!" to "You can repeat this until you are blue in the face but there are those who will no longer believe anything you say because of your partnership with a -- gasp -- corporation."

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  "You can repeat this until you are blue in the face but there are those who will no longer believe anything you say because of your partnership with a -- gasp -- corporation."
  
  I'm afraid that's MY reaction. Murdoch insists he doesn't interfere in the news corporations he buys - except that he DOES. Microsoft insists they only transmit information on their system without censorship - but they DO censor (check Truthout readers). Et Cetera. This is the Era of the Corporations and Elites, period. I've stopped reflexively believing ANYthing they say, as with the Bush administration, Inc., because it's always a distortion or an outright lie.
  
  Just because I'm paranoid...
  
  Ian

  
  

  
  Ian MacLeod - 10/10/2007 11:02:00 AM EDT
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