Skip to main content

Mashable and CNN. When money talks

By 13/03/20128 Comments

The rumor gets stronger and stronger. Will CNN buy Mashable. The whispers in the Samsung Blogger Lounge take epic proportions: Will Mashable sell? Should Mashable sell? Will Pete Cashmore sell his soul, furniture and freedom to the devil?

Time will tell if the rumor is true. But the fact that people are eying the roll-out of this story with a weary, slightly worried mindset says a lot. The big ones buy the small ones. The small ones succumb to the money. Money buys what once was fresh, daring and a little out of mainstream.

TechCrunch and the Huffington Post were bought by AOL, Yahoo bought Each time, huge controversy started right away: can a small independent social news station keep its soul, spirit and autonomy once it gets acquired by a big player? History shows us that most often the answer is “no, they cannot”.  TechCrunch is not TechCrunch any more:  regardless of the many promises and statements, clearly the focus shifted. It’s still quality, but cooked in a different pot.  Michael Arrington left his TechCrunch baby after quarrels with Arianna Huffington, AOL’s chef of media.  When a big player buys, sooner or later… different rules apply.

The fact that the big players eye the independent news blogs is significant. Most often, the blogs are quicker, better connected, more critical and they have a better way of putting information into context. Their blogger/reporters are passionate, opinioned , smart and tough as nails. They are people on a mission.

CNN wanting Mashable shows that a traditional network sees the value of a well-connected knot of bloggers. The whole traditional media versus online media is death. Really, there is just media, and it reflects perfectly how people consume their news: on multi-screen. One eye on the television, another one on the iPad, following posts and tweets.

My soul wants to scream: “Pete, don’t do it!”, but my ratio tells me I would sell if I were him. Big buys small. Small gets rich. That is the wheel of time. There will be another independent Mashable somewhere. For a while.



Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Discover more from Heliade

Subscribe now to keep reading and get access to the full archive.

Continue reading