Examiner.com snaps up citizen-journalism hub NowPublic
Examiner.com, the media company known best for its right-leaning owner, Philip Anschutz, announced that it has purchased citizen journalism-driven web site NowPublic. The price was undisclosed, but PaidContent pegged the sale price $25 million.
The site collects and disseminates news articles from hundreds of writers in 160 countries around the globe, most without any journalistic training. Its connection to location is particularly interesting, allowing viewers to easily find news relevant to their local areas.
This is the… Continue Reading
Magnify.net takes $750K for web video hosting
Magnify.net, a New York-based startup that helps regular people add videos to their web sites, snagged $750K in first-round financing to expand its operations. It tacks this total onto the $1 million it raised in February. The service allows its users to make and host their own videos and embed videos from sites like YouTube, Hulu and Howcast on their own sites.
The recent round came from Innovation Ventures, Rose Tech Ventures, NextStage Capital, Ogden Capital,… Continue Reading
Video service Magnify.net goes social and adds professional tools
Online video sharing service Magnify.net is rolling out version 3.0 of its site today. With this iteration, the company is adding some new social media tools as well as professional video services in an attempt to turn the site into a full-scale online video network.
Magnify.net thinks it can take on a much larger site like YouTube by emphasizing its openness to the Internet community as a whole. While YouTube focuses on single videos throughout its… Continue Reading