
Newsvine.
Community-powered collaborative journalism online newspaper.
Date | Investors | Amount | Round |
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- | N/A | - | |
Total Funding | 000k |
Newsvine was a community-driven, collaborative journalism online newspaper that combined user-generated content with syndicated news from mainstream sources like The Associated Press. Founded in the spring of 2005 by Mike Davidson, Calvin Tang, Lance Anderson, and Mark Budos, many of whom were veterans of Walt Disney Internet Group and ESPN, the company launched publicly on March 1, 2006. Its core concept was to merge professional reporting with citizen journalism, allowing users to write their own articles, post links to external stories, and engage in discussions.
The platform operated as a social news site where the community determined which stories gained prominence through voting and discussion. It was recognized as one of the Top News Sites of 2006 and among the 50 Best Websites of 2007 by Time magazine. A key feature was its revenue-sharing model, where users could receive 90% of the advertising revenue generated from their articles and seeded links, based on traffic. This model aimed to empower individual contributors and provided a financial incentive for creating popular content.
In October 2007, msnbc.com (now NBCNews.com) acquired Newsvine in an all-cash deal, marking the news giant's first acquisition. Following the acquisition, Newsvine continued to operate as a separate brand from its Seattle headquarters, and its technology was used to enhance community features across msnbc.com. The acquisition was intended to integrate Newsvine's social media and community engagement tools into MSNBC's broader digital strategy. After operating for over 11 years, Newsvine was shut down by NBC News on October 1, 2017, and the website was redirected to NBCNews.com.
Keywords: citizen journalism, collaborative journalism, social news, user-generated content, online newspaper, news community, participatory media, Associated Press, msnbc.com, revenue sharing, media acquisition, internet news, defunct startup, Mike Davidson, digital media