CNN introduced their own YouTube/America's Funniest Home Videos user-generated content bonanza "iReport" last year to vague acclaim, prominent website placement, and a Sunday afternoon televised roundup. Now they've finally caved and bought the domain names "ireport.com" and "i-report.com" from a squatter who picked them up for $100 in 1997 and unloaded them to CNN for $750,000. All so that the nation may more easily find photos of puppies that look like baby polar bears. [Silicon Alley Insider]

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