Rick Schwartz just sold CNN the domain iReport.com for $750,000. Schwartz bought the domain in 1997 for “$70 to $100,” he told Silicon Alley Insider. CNN likely bought the domain for its I-Report program. You know, the one where You The Viewer get to do all the work.
Via, ValleyWag (here).
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If you think that commercial photographers are having a tough time, imagine being a photojournalist, and you’re employed by a newspaper (or TV station), and you’ve gone to college to complete your training, then you go to war as a correspondent, you shoot fires and climb thru burning rubble on assignment, and you wake up one morning, walk out and grab your morning paper, and you realize that in the assignment that you busted your butt on the day before, that you got one-upped by some dipshit carrying an iPhone, that just happened to email in his Attachment as he was walking by the same fire.
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