Selected items of interest to the media community
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• Yahoo Makes $1.1 Bil Deal To Acquire Tumblr
May 20, 2013:
Yahoo has paid $1.1 billion to acquire Tumblr, the internet blogging service popular with younger people. Yahoo hopes the move will keep them relevant as consumers change their internet access on mobile devices.
Read the story here.
• LinkedIn Continues its Evolution as a Media Entity
May 09, 2013:
According to paidContent.org's Matthew Ingram, although it is still seen by many as a place for networking with colleagues and/or posting your resume, LinkedIn has been behaving more like a media entity. With its revamp of its LinkedIn Today offering, "the site now offers “channels” or categories of news, much like a magazine would, and users can follow or subscribe to those channels." Read the full story.
• Times-Picayune returns to daily publication
May 07, 2013:
A tabloid will replace the broadsheet edition of New Orleans' Times-Picayune on previously non-published days after rival The Advocate of Baton Rouge announced hiring former Times-Picayune key employees. A shot in the arm for print lovers, however brief it may be.
NEW ORLEANS — Months after cutting its print edition to three days a week, The Times-Picayune of New Orleans on Tuesday announced plans for a three-day-a-week tabloid called TPStreet available in stores and newsstands on days when the full paper isn’t printed.
On the same day as The Times-Picayune’s announcement, its rival The Advocate reported on its website that New Orleans businessman John Georges has completed his purchase of the Baton Rouge-based newspaper and named two former top Times-Picayune news executives to lead it.
Read the story from The Washington Post here.
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