<story><title>CNN to buy Mashable for $200 million +</title><url>http://thenextweb.com/insider/2012/03/12/cnn-to-buy-social-media-blog-mashable-for-200-million-a-little-bird-tells-reuters-reporter/?awesm=tnw.to_1Dcix&amp;utm_campaign=social%20media&amp;utm_medium=Spreadus&amp;utm_source=Twitter&amp;utm_content=CNN%20to%20buy%20social%20media%20blog%20Mashable%20for%20$200%20million%20,%20a%20little%20bird%20tells%20Reuters%20reporter</url></story><parent_chain></parent_chain><comment><author>geuis</author><text>I really love things like this. Its old media trying to get in the game on &quot;new&quot; media. It only benefits their eventual demise. There&apos;s several things happening here:&lt;p&gt;1) The founders of Mashable, and their stockholders, are earning out on what they&apos;ve built. That&apos;s a good thing, and well deserved.&lt;p&gt;2) Its really Turner Broadcasting that&apos;s doing the buying here. Its an old media company again demonstrating that they are unable, or unwilling, to modernize. They are throwing money at a problem rather than innovating.&lt;p&gt;3) Such a large amount of money flowing from old media into the technology sector works to hasten the demise of companies like CNN/Turner Broadcasting. It drains their coffers a bit more, while providing new cash flow to the founders and employees in Mashable and frees them up to pursue new innovative ventures over the next few years.&lt;p&gt;pg really saw something important when he added RFS 9 - Kill Hollywood to the Request for Startups at Ycombinator. While CNN is a &quot;news&quot; company and not directly part of Hollywood, they are most certainly tied at the hip to the same people that run Hollywood. So in that aspect, this is a very good thing.</text></comment>
<story><title>CNN to buy Mashable for $200 million +</title><url>http://thenextweb.com/insider/2012/03/12/cnn-to-buy-social-media-blog-mashable-for-200-million-a-little-bird-tells-reuters-reporter/?awesm=tnw.to_1Dcix&amp;utm_campaign=social%20media&amp;utm_medium=Spreadus&amp;utm_source=Twitter&amp;utm_content=CNN%20to%20buy%20social%20media%20blog%20Mashable%20for%20$200%20million%20,%20a%20little%20bird%20tells%20Reuters%20reporter</url></story><parent_chain></parent_chain><comment><author>jgroome</author><text>Forgive me if I sound ignorant, but... How in the name of everlasting gods can Mashable of all things be worth $200,000,000?</text></comment>