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A Positive Financial Signal for Citizen Journalism

Globe and Mail (Toronto): NowPublic nixes takeover bids, lands financing., a leading “citizen journalism” site based in Vancouver announced today that it has closed a $10.6-million (U.S.) round of financing from venture capital groups in the U.S. and Canada, after turning down several offers to acquire the company outright

Yes, there have been setbacks in the citizen-journalism sphere recently. But the broader trend is positive, as this announcement demonstrates.

(Disclosure: I’m on NowPublic’s advisory board.)

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