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Examiner.com Buys NowPublic for Reported $25 Million
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by brock | September 1, 2009 at 01:02 pm
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David Kaplan at Paidcontent.org is reporting that NowPublic has been sold for a cool $25 million:
"You’re reading it here first: After several months of trying to get the deal done, Citizen-J site NowPublic is about to be sold to a non-traditional buyer: local news network Examiner.com, which is controlled by Philip Anschutz’s Clarity Media Group, we have learned. The price is around $25 million range, according to a source, including a part of that as an earnout. Also from a source, the other potential buyers included AP, Fox News, Glam Media and even Technorati, though not clear who all were interested in late stages."
What is NowPublic?
NowPublic lets people work together to cover news events around the world.
Most RecentMost Recommended Comments (3)
at 10:18 on September 15th, 2009
I'm brand new to NowPublic, but kind of surprised to see no comments on this story. Considering the right-leaning politics of Anschutz, and the bias that is evident in his other holdings (Washington Examiner, Fox News), I wonder if we'll start seeing that influence on this site. It concerns me to see the media conglomerates gobble up "social" media.
Just as FreedomWorks and Dick Armey are behind the astroturf teabagger and 9/12 "movement" - are we going to see Corporate America take over social media, while still having the impression that it is the voice "of the people"?
at 15:43 on September 28th, 2009
Goldilock, the comments are on the other story.
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d_tect (not verified)at 21:20 on November 4th, 2009
the writers, the content producers of nowpublic must receive a fair portion of the sales price. there are pretty straightforward guidelines for this. i think the writers of nowpublic must form a group NOT on nowpublic to discuss this fair deal.citizen journalism grew from a lack of believability in mainstream media. for a start-up like nowpublic to disregard this and sell out the work of others, the lives and livelihoods of others, the good faith of others, their writers should be stopped. not to stop this is to set back democratic and open media, and allow even the honesty of individual citizens actively participating in news-gathering to become a commodity and extend the captialist love story from detroit to vancouver. this sale must not be allowed to happen without the consensual and negotiated stance of ALL nowpublic content providers - us!