September 30, 2014
September 30, 2014
Toronto to get a new GO bus terminal at Union and its first ever sky park.
New poll finds Olivia Chow falling even further behind John Tory in mayoral race
There is no subway service between Ossington and Keele stations
The 7 most refreshing kinds of couples
September 29, 2014
Highlights from ArtsVote Mayoral Debate
CNN May Buy Mashable For $200M
The official announcement may come as early as Tuesday

 

CNN, a unit of Time Warner, is in talks to purchase Mashable, a social media and tech news site.

Reporting from SXSW Sunday night, Reuters financial blogger Felix Salmon speculated that the acquisition is likely to cost CNN some $200-mln. Salmon added that although Mashable.com boasts 20 million unique monthly visitors and is a respected brand in the industry, the move may prove to be a risk for CNN. (As those who follow the industry may remember, the last time a news organization bought out a tech news site, it did not go so well. To read about the AOL-TechCrunch quagmire, see here.)

What even the naysayers agree on, however, is this: If the acquisition were to go through, it would speak volume to the weight a traditional news outlet is placing on the still nascent social media and tech industry.

In reverse order, the world learned last Friday that the 28-years old former Obama campaign organizer and co-founder of Facebook Chris Hughes announced now held majority stake over the 98-years old The New Republic. He will be assuming the role of the magazine’s Editor-in-Chief and Publisher effective immediately.

We know this because Hughes tweeted out the good news @chrishughes (“I am honored to take on the role of Publisher and Editor-in-Chief of TheNew Republic”), an apt move for The Kid Who Made Obama President.

What’s next, Facebook buys the New York Times?

(Source: Reuters TV)

 

 

  • TOP STORIES
  • MOST COMMENTED
  • RECENT
By Benjamin Mann
September 30th, 2014
Culture The 7 most refreshing kinds of couples
Read More
By JJ Wong
September 2nd, 2014
Editors Pick Toronto-based Sockzi wants to make everyone a socks fan
Read More
By Igor Bonifacic
September 30th, 2014
Editors Pick There is no subway service between Ossington and Keele stations
Read More
By Igor Bonifacic
September 30th, 2014
Editors Pick New poll finds Olivia Chow falling even further behind John Tory in mayoral race
Read More
  • No article found.
  • By Igor Bonifacic
    September 30th, 2014
    Editors Pick Toronto to get a new GO bus terminal at Union and its first ever sky park.
    Read More
    By Igor Bonifacic
    September 30th, 2014
    Editors Pick New poll finds Olivia Chow falling even further behind John Tory in mayoral race
    Read More
    By Igor Bonifacic
    September 30th, 2014
    Editors Pick There is no subway service between Ossington and Keele stations
    Read More
    By Benjamin Mann
    September 30th, 2014
    Culture The 7 most refreshing kinds of couples
    Read More

    SOCIETY SNAPS

    Society Snaps: Eric S. Margolis Foundation Launch

    Kristin Davis moved Toronto's philanthroists to tears ... then sent them all home with a baby elephant - Read More