Tech & Biz

Examiner.com Buys NowPublic for Reported $25 Million

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."

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Goldilock

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"?