December 21, 2014
October 31, 2014
A note on the future of Toronto Standard
October 30, 2014
Vice and Rogers are partnering to bring a Vice TV network to Canada
John Tory gets a parody Twitter account
October 29, 2014
Marvel marks National Cat Day with a series of cats dressed up as its iconic superheroes
Doug Ford is likely going to be fined $11,950 for all the illegal signs his campaign planted
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)

 

 

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