Monday, August 17, 2009
More Local Heat: MSNBC.com Buys EveryBlock for Several Million Dollars
It looks like the local market is heating up even more, with MSNBC.com announcing the acquisition of Chicago-based EveryBlock.
Sources said MSNBC.com–a joint venture of Microsoft and NBC Universal–paid several million dollars for the “hyper-local” information site, which is up and running in 15 cities, including New York, San Francisco, Seattle, Chicago and Boston.
In June, Time Warner online unit AOL paid about $10 million to buy Patch Media, a platform that does deeply localized coverage of communities on a range of topics.
















