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Yahoo Acquires Associated Content for $100 Million

Wednesday, May 19th, 2010 - By NYConvergence at NYConvergence

Late yesterday afternoon, Yahoo announced its $100 million acquisition of Associated Content, a startup company based out of New York and Denver that is a 'web farm."  The company specializes in paying contributors/freelancers who produce photos, text or videos on all types of subject matter and then sells ads around the content.  

Associated Content currently has more than 380,000 contributors and it averages 16 million unique visitors a month, which Yahoo intends to push further as it is looking to take the platform abroad and to compete against ventures such as AOL's Seed.com. 

paidContent

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> Associated Content Benefitting from Citizen Journalism

News Start-ups Struggle to Put a “Price on Words”

Tuesday, May 18th, 2010 - By Esther Surden at NYConvergence

Two NY start-ups, The Faster Times and True/Slant, were profiled in a NY Times Magazine article about web journalism models. Both are struggling with how to profit from new media.The Faster Times was started by Sam Apple, formerly of Nerve.com. Apple couldn't offer salaries and benefits or flat rate freelance fees, so he promised contributors 75% of revenues from ads placed near articles. Contributors profit from their work, according to the market's assessment of its value.

A second news web site called True/Slant, now has about a million visitors monthly, and works with 300 part-time entrepreneurial contributors. The site, built on a $3 million investment from Fuse Capital and Forbes Media, experiments with the idea that technology can allow the creation of a news organization without editorial hierarchy. Freelancers are paid a pittance compared to traditional news rooms, the magazine said.

New York Times Magazine

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