MSNBC Acquires Local News Website EveryBlock
EveryBlock is a local news website that aggregates content news from various local sources. For example, in the Detroit section of EveryBlock, the website has links to content created by The Detroit News, local news blogs, WXYZ-TV, MyFOX Detroit, etc.
EveryBlock has been acquired by MSNBC.com today, but will continue to operate as an independent brand. The financial details were undisclosed.
“EveryBlock’s talented team has a track record of innovation in the industry, and we’re excited to add them to the msnbc.com brand family,” stated MSNBC.com President Charlie Tillinghast. “They’ve broken new ground with their unique approach to collecting, organizing and presenting news down to the block level. Their impact and importance in the community space is extremely valuable and carries promise for journalism and new business models.”
Some of the cities that EveryBlock has covered includes Atlanta, Boston, Charlotte, Dallas, Detroit, Houston, Los Angeles, Miami, New York, Philadelphia, San Francisco, San Jose, Seattle and Washington, D.C. The website also is in the process of adding news by zip codes.
EveryBlock was started about two years ago in Chicago, Illinois. The company has been funded by the Knight Foundation. This past June, their grant with the Knight Foundation expired and so the five employees have been talking to investors ever since.
[via NYT]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry