NowPublic, a social media news website, has been acquired by the Examiner.com, a local news network controlled by the Clarity Media Group (Philip Anschutz’s outfit). The reported price tag: $25 million.
Apparently, citizen journalism sparks interest (and dollars) from Big Media.
And consolidation may help find a sustainable formula that balances coverage (NowPublic claims citizen reporters in over 100 countries) with operational efficiencies of scale.
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