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Newser is a news agreggator founded by Vanity Fair writer Michael Wolff.
The site uses an algorithm to determine the most talked-about stories and displays them in the form of a grid of photos. About 15 writers and editors produce short summaries of the stories, which link to the original sources.
Since its launch in August 2007, Newser and other aggregators have been accused of misappropriating content from traditional news sites, most notably from web entrepreneur Mark Cuban and from the entertainment site The Wrap. The site is ad-supported, and became profitable in 2009.
Michael Wolff discussing Newser’s desire to “kill newspapers”:
Bloomberg Businessweek is a weekly business magazine founded in 1929. It had historically been named Business Week but was relaunched as Bloomberg Businessweek in 2010 after McGraw-Hill sold the magazine to Bloomberg for a reported $2 million-$5 million. Bloomberg Businessweek began facing financial uncertainty in the late 2000s as advertising revenues dropped and circulation declined. By 2009…