Circa, News App Nobody Used, Purchased By Conservative Television Conglomerate

J.K. Trotter · 12/07/15 02:48PM

Remember Circa, the breathlessly hyped news app that attempted to summarize stories by breaking them down into small, flavorless nuggets of content? The app abruptly stopped publishing in June after finally depleting $5.27 million in venture capital, but today the Wall Street Journal reported that it has finally found a benefactor: the conservative-leaning television news conglomerate Sinclair Broadcast Group, whose venture capital division recently acquired all of Circa’s assets for just $800,000.*

AOL Buys Huffington Post for $315 Million

Max Read · 02/07/11 01:14AM

AOL just bought news site Huffington Post for $315 million—$300 million in cash. HuffPo founder Arianna Huffington will become editor of all AOL "content properties." That sound you just heard was the whole internet going "Whaaaaat?"

Duane Reade Sells Out

Hamilton Nolan · 02/17/10 09:18AM

The slow death of Genuine New York continues apace: Ubiquitous NYC drug store Duane Reade, with over 1 million locations in your neighborhood alone, is being bought by boring corporate drug store Walgreen. Man. Remember when purchasing gum was real?

How the Times Sabotages Its Own Tech Innovation

Ryan Tate · 09/29/09 12:10PM

When asked how he keeps up "with the latest tech news when there are so many blogs," Times editor David Gallagher immediately cited TechMeme, a direct competitor of Blogrunner, as "one of my favorite sites." Although the Times serves Blogrunner results from the front of Gallagher's own section, the editor didn't plug the site in his three-paragraph answer. It wasn't the first time the Times forgot about its 2005 acquisition; reporter Saul Hansell says he considered pushing the newspaper to develop something similar before discovering "we actually owned a company that did that" (see video).

How a 'Made' Startup Was Clipped

Ryan Tate · 08/18/09 12:33PM

Two years ago, music service iLike appeared to be set: Its CEO said it was "made," its investor mused it could be a "billion-dollar winner," and the press was enthralled. Now the poster child is a cautionary tale.

Could Apple Buy Twitter?

Owen Thomas · 05/05/09 01:56AM

Facebook tried to buy Twitter. Google and Microsoft have been giving the red-hot Internet-messaging startup the eye. But we hear it's Apple that's closest to sealing a deal, possibly for as much as $700 million.

Will Google Get Shamed Into Buying Twitter?

Owen Thomas · 04/03/09 01:17AM

Real-time is the future of everything, someone wrote three seconds ago. And therefore, Google will pay hundreds of millions of dollars to buy Twitter! Welcome to the way acquisitions are done in Silicon Valley.

CEO's $500,000 Salary Burns Startup Into Fire Sale

Owen Thomas · 02/27/09 09:04PM

8020 Media hoped to revolutionize the magazine business. Instead, it has circled down the drain, ending up in the hands of shadowy investors after a new CEO with a Condé Nast résumé looted the startup.

Yahoo Might Buy Tumblr, New York's Cutest Startup

Owen Thomas · 02/09/09 04:52PM

We hear Yahoo is in talks to buy Tumblr, a blogging startup run by 22-year-old David Karp for "low-to-mid eight figures" — which would translate to a small fortune for the New York entrepreneur.