Penn Media, an ezine and newsletter media company and owner of video portal www.evtv1.com, has decided to spin-off the video portal into its own company. The new company not only includes the video portal www.evtv1.com, but also its technology and syndication program known as Vidsense, which streams EVTV1's licensed content to Web sites all over the Internet. Each Web site chooses the type of content it wishes to feature.

(www.pennmedia.com)