NewsStand Gets $7.2 in Funding
June 23rd, 2004
Good news keeps coming in for companies who are looking for additional venture-capital funding. NewsStand Inc., which delivers digital copies of major print publications such as USA Today, just nailed down $7.2 million from Adams Capital Management, whose partners include the New York Times, one of NewsStand’s content partners.
NewsStand said it would use the money for “marketing and sales initiatives” to boost worldwide market penetration and to “perfect its digital reading experience through Web and print integration,” President/CEO Kit Webster said.
Visit NewsStand here.
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