Pegasus News, a local media site covering the Dallas area, was recently acquired. This is one of the most touted “new media” sites… citizen journalism meets alternative weekly meets web 2.0 gadgets. From its blog…
We’ve just sold Pegasus News to Fisher Communications (NASDAQ: FSCI), a publicly-traded TV and radio broadcasting company based in Seattle. While sales of companies are sometimes viewed as endings, this should be looked upon as a beginning — hopefully the beginning of a lot of cool things for you and for us.
Some call it a first of many such acquisitions… old, established and moneyed companies buying young cash-strapped ones with new ideas and fresh audience.
Posted in: Citizen Journalism, Local Online
Ghost of Midnight is an online journal about fostering community within neighborhoods, with a special focus on Front Porch Forum (FPF). My wife, Valerie, and I founded FPF in 2006... read more