10:16 AM

Britannica takeover of Wikimedia:

On April 1 2005, Encyclopædia Britannica, The Ligatured Encyclopædia, announced its immediate semi-hostile takeover of the Wikimedia Foundation (to be known henceforth as Wikimædia) and all of its projects, including Wikipedia (now Wikipædia), Wikisource, Wikiquote, Wikibooks, and Wikinews. Founder Jimmy Wales, a suspected cylon, giving a brief statement to the New York Times from his Maui survivalist compound, was reported to be “extremely pleased” with the £633.7 million severance package given to each of the five-and-a-half trustees of the Wikimædia Foundation. Wikipædia is best known as the “encyclop[a]edia” that any old fool can edit.

Despite the board’s confidence, some Britannica investors privately indicated financial concerns about the deal, noting that “the Wikipedia wasn’t really a free encyclopædia after all.” Economy measures expected to be implemented as part of the agreement include an immediate restriction on contributions to Wikipædia and its sister projects to those that have already signed formal agreements with Britannica and an immediate appropriation of all funds donated during the last funding drive to be divided amongst previous contributors to Britannica. It’s expected that to create or edit a page will now cost users £99.97/page in English or American language. Affordable fee localisation will be provided for wikipædias of economically troubled states.