Flipboard Acquires CNN's Zite for $60 Million in Bid to Consolidate Reader Market

Flipboard, an app that displays digital media in magazine-like form on tablets, is acquiring one of its smaller competitors, Zite, for a reported $60 million.As part of the deal, Flipboard will get direct access to all CNN content, including video, as well as CNN personalities like Fareed Zakaria, John King and Jake Tapper will create their own magazines on the platform.Flipboard did not confirm the purchase price, reported by CNNMoney, and CNN disputed it, but didn't provide any further information. CNNMoney later revised its post to say the deal "could be valued as high as $60 million over time." Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2014-03-05 00:00:00 UTC ]

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Bloomsbury Buys ABC-CLIO for $22.3 Million

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How to remove ads and Special Offers from your Kindle or Kindle Fire

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PW Picks: Books of the Week, May 10, 2021

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MS Word and PowerPoint can tap into Adobe Creative Cloud libraries

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The E.W. Scripps Co. Buys Cracked for $39 Million

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Big Brands Jump on Flipboard's New Video Ads

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Hastings Sale Completed

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Flipboard Acquires CNN's Zite for $60 Million in Bid to Consolidate Reader Market

Flipboard, an app that displays digital media in magazine-like form on tablets, is acquiring one of its smaller competitors, Zite, for a reported $60 million.As part of the deal, Flipboard will get direct access to all CNN content, including video, as well as CNN personalities like Fareed... Continue reading at Advertising Age

[ Advertising Age | 2014-03-05 00:00:00 UTC ]
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U.S. Intelligence Agencies Will Begin Publishing The Number Of Surveillance Orders They Request Each Year

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