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Posts Tagged ‘Zite’

Morning Media Newsfeed: Flipboard Buys Zite | BBC3 to Go Online-Only | Egypt Tries AJ Staff

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CNN Sells Zite to Flipboard (CNNMoney)
CNN has sold its news reader app, Zite, to Flipboard, a social magazine application. As part of the deal, Flipboard has also teamed up with CNN to launch custom magazines for CNN shows anchored by Fareed Zakaria, Jake Tapper and John King. The deal could be valued as high as $60 million over time, taking into account future advertising revenue, said a source familiar with the deal. TVNewser The sale occurred less than three years after CNN acquired Zite for $20 million. CNN and Flipboard’s partnership will allow CNN to expand its mobile reach and take advantage of Flipboard’s technology and mobile sales strategy. Re/code Zite itself will shut down, but CNN says most of its 20 employees will go to work for Flipboard. Zite CEO Mark Johnson will not be joining them. Forbes / Jeff Bercovici The deal merges two apps that let users aggregate news stories from all over into a single magazine-like experience. Of the two, Flipboard has been considerably more successful: It’s currently ranked No. 5 among free iPad news apps in Apple’s App Store, while Zite is No. 39. Flipboard will absorb the machine-learning technology that Zite uses to personalize news feeds for its users. Mashable The move also divests CNN of one of its most high-profile acquisitions while putting it in front of Flipboard’s users, which according to Johnson number more than 100 million.

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Q&A: Zite President Ali Davar Responds to Early Feedback on His ‘Intelligent’ iPad Magazine

An iPad magazine called Zite has recently joined the ranks of Netflix and Mashable Follow in allowing users to curate their own content from multiple sources.   Following its launch in mid-March, Zite was the number one free news app on iTunes, with 100,000 downloads in the first five days and 160,000 by the end of the month.   Early adopters responded well to the app, requesting – and receiving –  additional features like Instapaper for offline reading and Delicious for bookmarking articles.  But publishers had a few concerns.  We asked Zite president Ali Devar to explain the app and to tell us what’s next for the company.  Read his responses after the jump:

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Media Giants Gang Up on News Reader App Zite over Alleged Copyright Violations

The Apple iPad news reader app Zite has been making some powerful enemies.

Kara Swisher reports that a round-up of scary media giants including The Washington Post, AP, Gannett, Getty Images, Time, Dow Jones, and many other organizations issued a cease-and-desist letter today to Zite, a content aggregator, citing a ton of copyright violations.

“The Zite application is plainly unlawful,” said the letter to Zite CEO Ali Davar.

“It’s a bummer that they did this, but we expected it,” Davar told Swisher, sounding less terrified than we would have thought. Yeah, it does seem like sort of a bummer.

Davar said Zite, which aggregates personalized content by getting cues from user interest, would comply with the cease-and-desist letter by shifting the content from its “reading” mode to a Web one, which actually points to publisher sites.