|Series A, 7/2005 |
Second Avenue Partners
Seattle based Newsvine was launched in March 2006 by veterans of Disney, ESPN, and other media organizations. Their idea was “to build a perfectly different, perfectly efficient way to read, write, and interact with the news.” The solution they came up with is Newsvine, a community driven news site with stories from the Associated Press, ESPN and New Scientist as well as individual contributors from all around the world.
Newsvine was acquired by first time buyer MSNBC in October, 2007.
This video was originally published on Beet.TVAdded: 10/9/08
|Launch Date||March 2, 2006|
|Tags||newsvine, news, social-news, custom-news|
Newsvine says that most articles on sites like CNN, MSNBC and Yahoo News come from the Associated Press. Instead of letting an editor choose which stories are newsworthy, Newsvine publishes the entire Associated Press wire the second it becomes available.
Stories have “Digg-like” up arrows, which along with user input is what controls placement of stories on the Newsvine site. In addition, the bottom of every article has an area for reading and writing comments which builds on the community feel of the site.
Newsvine doesn’t forget about all of the other “non Associated Press, ESPN and New Scientist” stories out there, but instead relies on users to point to, or “seed” the good stories they find around the web. Thousands of stories are seeded by users every day.
Newsvine also gives users personal columns to express themselves. Personal columns can be used for writing articles, seeding links, making recommendations and connecting with other users. 90% of ad revenue generated from your personal column is given to you.
In addition to revenue, the ability to customize the site is also given to users. Newsvine users are able to move most modules on the Newsvine home page around, or delete them altogether. Users can also add whatever news feeds they want to the home page by adding a RSS feed module. This customization really helps give you the news you want in the format you want.
ElectionVine is a widget recently launched by Newsvine that allows users to embed a US Presidential candidate poll on their sites. This widget will most likely bring more opinionated users to the already politically active Newsvine site.