Vice Media receives US$500 million investment for expansion

byIJNet
Sep 5, 2014 in Digital Journalism

Vice Media rounds up US$500 million in investor funding, a news aggregation service takes hold in the Netherlands, and more are found in this week's Digital Media Mash Up, produced by the Center for International Media Assistance.

Here are IJNet's picks from this week's stories:

Vice lands second investment, to fuel expansion

Vice Media, the rabble-rouser of the news and entertainment business, has landed a pair of investments totaling US$500 million to fuel the expansion of its media empire. The media group, which is based in Brooklyn and is known for its trendy vibe and commando-style news reports, has closed a US$250 million investment from Technology Crossover Ventures, the Silicon Valley venture capital company that has invested in Facebook and Netflix. (New York Times, 9/4)

How the 'iTunes of journalism' reached 100,000 users

Dutch news aggregator Blendle has signed up every newspaper and magazine in Holland, and is helping them to reach new and younger audiences. (Journalism.co.uk, 9/3)

Comcast bets on hyper-local by reviving EveryBlock

The cable giant Comcast is reviving the once-future of local online news, announcing on its corporate blog that it has expanded its relaunch of the news and social site EveryBlock to include its home city of Philadelphia. At the same time, the company is digging into its potential nation-wide merger with Time Warner Cable. (Washington Post, 9/2)

CIMA offers the Mash Up free via email. Sign up here.

Image CC-licensed on Flickr via Philip Taylor.