CNN Buys iReport.com for $750,000
Following up on a post from a few days ago, it was revealed that Rick Schwartz sold the name iReport.com to CNN for $750,000. Also included in this price is the hyphenated version, i-Report.com. These great domain names will be used by CNN to supplement their i-Report program.
Founded in August of 2006, i-Report encourages viewers from around the country to send their own videos and photos of breaking news stories in their cities and neighborhoods. This user generated media feature has become popular, and it frequently allows CNN to break news stories before other networks are on the ground.
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