U.S.-based Examiner.com buys Vancouver's NowPublic
ShareThisExaminer.com., a Denver-based citizen journalism website owned by Clarity Media Group, has acquired Vancouver-based NowPublic.
Rick Blair, CEO of Examiner.com said in a press release:
"Every day we hear discussions about whether hyperlocal content will ever be
scalable, sustainable or profitable as a business entity. Examiner.com is rapidly becoming the solution to the hyperlocal puzzle. In the last year we have created the depth of content consumers and advertisers expect. With the acquisition of NowPublic, we have the technology to further engage our community of over 17 million unique visitors per month and distribute our stories in new and innovative ways."
Numbers were not released, but PaidContent.org reported that Examiner.com paid about $25 million for NowPublic (according to a "source").
Rick Blair, CEO of Examiner.com said in a press release:
"Every day we hear discussions about whether hyperlocal content will ever be
scalable, sustainable or profitable as a business entity. Examiner.com is rapidly becoming the solution to the hyperlocal puzzle. In the last year we have created the depth of content consumers and advertisers expect. With the acquisition of NowPublic, we have the technology to further engage our community of over 17 million unique visitors per month and distribute our stories in new and innovative ways."
Numbers were not released, but PaidContent.org reported that Examiner.com paid about $25 million for NowPublic (according to a "source").
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