News Brief Closes Financing Round

Broadband entertainment network closed a $10 million financing round with Polaris Venture Partners and Allen & Co, the company announced Monday. will use the money to create and publish new content designed specifically for online and mobile consumption, and to launch, a broadband community site, and Teriyaki Strips, a second broadband site, which is a spin-off of a popular channel.

--Shankar Gupta

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