Pegasus News, the web site you know best as home to our own Teresa Gubbins, has been sold. Well, partially at least. The majority shareholder, Fisher Communications (aka, “the money”), has sold its stake in the site for $1.5 million. Founder Mike Orren said he couldn’t comment on the sale other than to say it’s “good for PegNews and for our staff.” Left unsaid was the fact that, hey, we’re all just trying to hold onto our effin hats here.
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