Newsvine Plucked By MSNBC

News community site Newsvine just made an undisclosed amount of cash for its owners as MSNBC agreed to purchase it.

But now that Jeremy Wagstaff raised the topic of money in assessing the deal:

But still there's the nagging feeling that money is being made on the backs of others. If all those producing the work were interested only in wider exposure, then the MSNBC deal is good -- lots of opportunities for their writings to be read by a wider audience. Money is probably of little consequence to most of those using Newsvine. They're more interested in the satisfaction that comes from "owning" a community. But inevitably money changes the equation: it is that very community, not the site per se, that has attracted MSNBC's dollars. Should not the community, therefore, be entitled to some of that money?

The official word from Newsvine on its blog stresses the deal helps expand the reach of its content to a wider audience. It's all about the community.

Co-founder

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