Gannett Invests in Live Streaming Service Mogulus; Total $10 Million
Gannett (NYSE: GCI), which has been doing a number of strategic investments in the last year or so, has now invested in Mogulus, the New York City-based online video streaming startup. The investment is around $10 million, according to reports.
Mogulus, founded last year, has previous funding of about $2.7 million from various angels. It operates in a crowded field of personal/live broadcasting with players such as Paltalk, Stikam, Kyte, Qik, Justin.tv and many many others. It has been working with local papers within the Gannett chain already: one rather famous example was Hillary Clinton’s RFK remarks, made during a live interview in May with Gannett-owned Argus Leader S.D. editorial board Another is that Indianapolis Star, another Gannett paper, used Mogulus to broadcast a Bill Clinton campaign speech live from Indiana University campus.
Related StoriesPosted In: Money, M&A & Venture Capital, Venture Capital, Social Media, Video, Companies, Gannett, mogulus
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Comments (1)
Jul 28, 2008 1:48 PM
why is mogulus any different than any other live streamin service? i guess working with gannett makes it easier for them to look at you for investment.