CNN buys iPad news reader Zite

Aug 30, 2011
Customers try the Ipad 2 at the Apple store on Fifth Avenue in New York, in March 2011. US cable television network CNN announced Tuesday that it has bought Zite, a Canadian company that makes a personalized news reader for the iPad.

US cable television network CNN announced Tuesday that it has bought Zite, a Canadian company that makes a personalized news reader for the iPad.

CNN did not say how much it paid for the San Francisco- and Vancouver-based Zite, which was launched in March, but technology blog All Things Digital put the purchase price at $20 million to $25 million.

CNN said Zite will be a wholly owned subsidiary of the Atlanta-based and will operate as a separate, stand-alone business.

"Zite represents the next generation of content discovery and personalized publishing, and CNN wants to help lead in that space," CNN digital manager KC Estenson said.

"We think we can advance the industry in a meaningful way that helps content creators expand their businesses while growing the distribution of a product that people already love," Estenson said in a press release.

Like other news aggregators such as Flipboard, Pulse, Taptu and AOL's Editions, Zite uses algorithms to take a reader's interests and behavior into account in serving up their pages.

Zite's technology can "help CNN's websites and apps serve more personalized content, making our current digital services even better," CNN said.

Zite chief executive Mark Johnson said the acquisition by CNN "gives us the capital to grow Zite's business and continue to innovate in the space."

said Johnson will continue to run Zite's day-to-day operations while Zite founder Ali Davar will remain as executive director.

Shortly after its launch, Zite was accused of by The , Dow Jones, . and other news organizations and told to stop displaying their articles.

Instead of directing a reader to the websites of the news organizations, where they display online advertising, Zite had been showing some articles reformatted in a pop-up window without ads.

After receiving the "cease-and-desist" letter, Zite began linking directly to the websites of the complaining publications.

Explore further: Apple supplier Hon Hai plans new display facility in Taiwan

add to favorites email to friend print save as pdf

Related Stories

Zite news app accused of copyright infringement

Mar 31, 2011

The Washington Post, Dow Jones, Time Inc. and other news organizations have accused iPad news reader Zite of copyright infringement and told the Canadian startup to stop displaying their articles.

Recommended for you

'Call of Duty' blasts past $10 bn in sales

42 minutes ago

Blockbuster military shooter video game "Call of Duty" has blasted past $10 billion in lifetime sales, propelled by demand for the latest installment in the 11-year-old franchise.

Square's point-of-sale service goes global

4 hours ago

Financial services startup Square is taking aim at cash registers across the globe, making its point-of-sale software available internationally in English, Spanish, French and Japanese.

Apple, Xiaomi trade smartphone barbs in China

14 hours ago

Top executives from US technology giant Apple and Chinese smartphone upstart Xiaomi traded light-hearted barbs on Thursday at a Chinese Internet conference, acknowledging the fierce competition between the ...

Uber investigating if exec broke 'God' app rules

Nov 19, 2014

Uber Technologies confirmed Wednesday that it is investigating whether one of its general managers violated the popular car-booking service's privacy policies by snooping on a reporter's ride.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.