
MSNBC.COM ANNOUNCED THE FIRST ACQUISITION in its 11-year history on Sunday, and is buying Seattle-based citizen journalism site Newsvine.com in an all-cash deal whose terms were not disclosed.
Newsvine CEO Mike Davidson will report to Charlie Tillinghast, president of MSNBC Interactive News and publisher of msnbc.com, also headquartered in Seattle. Newsvine will remain an independent entity, according to Tillinghast.
This short article has a couple of quotes I haven't seen elsewhere, including the following:
The purchase "begins what I believe is the revolution that big sites like msnbc need to go through," said Merrill Brown, who served as founding editor of msnbc.com in 1996 and is now chairman of the citizen journalism site NowPublic.com.
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