NewsStand Snags $7.2 Million In Funding
Jun 23, 2004, 12:00 AM
NewsStand, Inc. on Wednesday said it secured a $7.2 million round of funding led by Adams Capital Management. The funding round also includes Noro-Moseley Partners, SSM Ventures and The New York Times Co. NewsStand coordinates digital distribution of some 175 publications among readers in 120 countries. Subscribers to the service are able to download via the Web, an entire publication in its print format for reading offline or online on their PC. NewsStand says it will use the additional funding to support broader sales and marketing initiatives, as well as improving the digital reading experience through Web and print integration.