NEWS

Today in the News: Yahoo buys Tumblr

Staff Writer
Mount Shasta Herald

News to know

Yahoo Inc. is buying Tumblr for $1.1 billion, according to reports. Yahoo gobbled up the popular blogging service in what is seen as an effort to remain viable with a younger audience. Reuters reported that analysts believe Yahoo overpaid but that it’s an important part of new CEO Marissa Mayer’s plan.

Quote of note

"This underscores just how important the president's personal characteristics have been to him, and how useful it is to the White House that IRS, Benghazi and AP controversies have not dimmed Obama's personal popularity so far." - CNN Polling Director Keating Holland, talking Monday about anew CNN/ORC International survey on President Barack Obama. The survey found that 53 percent of people approve of the job Obama is doing, and 79 percent say the president is likeable.

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