After the latest round of funding, Gannett and Tribune each own 33.7 percent stakes, and McClatchy owns an 11.9 percent stake in Topix.net. The second round of funding boosts their combined total stake to 79.3 percent. "
Monday, November 06, 2006
Topix.net Gets New Funding - DealBook
"A news aggregator, Topix.net, is set to announce Monday that it has received an additional investment of $15 million from the three newspaper groups that already own a majority stake in the company, CNET News.com reported.
After the latest round of funding, Gannett and Tribune each own 33.7 percent stakes, and McClatchy owns an 11.9 percent stake in Topix.net. The second round of funding boosts their combined total stake to 79.3 percent. "
After the latest round of funding, Gannett and Tribune each own 33.7 percent stakes, and McClatchy owns an 11.9 percent stake in Topix.net. The second round of funding boosts their combined total stake to 79.3 percent. "
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