I assume that you have read about the news that Gannett invested in Mogulus – if not here’s some of the coverage if you want to catch up :
Official press release
Online Coverage so far :
TechCrunch
CNET
CNN Money
Washington Post
Silicon Alley Insider
Paid Content
NewTeeVee
Beet.tv
On behalf of Mogulus I would like to thank all our staff, investors, partners and producers who have put their trust in the Mogulus product and vision from the beginning. I would also like to of course thank the Gannett teams (Corporate and in the field) who made this investment partnership possible.
Over the past 7 months, we have been working on choosing the right partner for this round of fundraising. We wanted a partner who understood the space well, had the necessary appetite and pockets to get Mogulus to the next stage and who could add strategic value – based on these objectives Gannett is the perfect partner for Mogulus.
The strategic synergies are incredible as all of their newspapers and television stations have a need to be instant and live on the web.
The partnership started when some Gannett newspapers like the Argus Leader and Indianapolis Star discovered the Mogulus service and used it to broadcast special events such as the Argus Leader’s private editorial meetings with Obama and Hillary – (http://www.mogulus.com/blog/?p=395).
But this is only the beginning. Gannett is not just the publisher of USA Today - they own over 90 daily newspapers, nearly 1,000 weekly newspapers, 23 television stations. (See the full list at Wikipedia - http://en.wikipedia.org/wiki/List_of_Gannett_Company_assets)
We are very excited to work with their newspaper and television properties to deeply deploy the Mogulus platform with their content and brands.
Through this deal, Mogulus remains a fully independent company and service – Gannett is a minority, non-controlling investor, and also a Mogulus Pro customer. As part of the Mogulus Pro rollout, we are continuing to grow our relationship with other media companies who sometimes compete with Gannett.
The new investment also gives us the resources to accelerate our product development and bring you a high quality Mogulus Pro faster. We will also grow the Mogulus team in the area of product sales, advertising sales and product development.
Thanks again for all of your support – now let’s grow and accelerate to secure our position as the leading LIVE video broadcasting platform.
Written By: Max Haot at 7:26 pm under Mogulus