Newsvine, a company that displays news via the contributions of its community, has been acquired by MSNBC.com. "Our vision has always been to create an environment where mainstream media and independent media live together and frankly make each other better," said Mike Davidson, who co-founded the company in March 2006. “We set out to create an environment where big and little media could live in one place and make each other better.” Newsvine, said Davidson, has approximately 1 million unique users per month, compared to MSNBC.com’s 29 million per month. But it is a competitive advantage that MSNBC.com seeks more than traffic. Big media companies like AOL News, Yahoo News, CNN, Gannet, and The Tribune Company all have a user-generated content or social media aspect of some kind.http://dmwmedia.com/news/2007/10/07/msnbc-com-acquires-social-media-news-site-newsvine
http://www.lostremote.com/2007/10/07/msnbccom-buys-newsvine/
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