August 27, 2014
August 27, 2014
New report suggests there will be a second NHL team in Toronto by 2017
Family of missing Toronto woman Kit Currie looking for help
August 26, 2014
Meet Tiny Hearts, the Toronto app studio that’s one of Apple’s favourites
August 25, 2014
Rob and Doug Ford vote against Raptors practice facility
The Real Jerk is expanding to a new Beach location.
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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