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CNN buys Zite

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Atlanta—CNN has acquired Zite, which offers an iPad app that presents online news in a magazinelike fashion. Financial terms of the deal were not disclosed. Zite will operate as a stand-alone business, and the company's CEO, Mark Johnson, will continue to run its day-to-day operations. “Zite represents the next generation of content discovery and personalized publishing, and CNN wants to help lead in that space,” KC Estenson, general manager of CNN Digital, said in a statement.
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