NewsStand Secures $7.2M in Funding

Jun 25, 2004


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NewsStand, Inc. has secured $7.2 million in a round of funding led by Adams Capital that includes Noro-Moseley Partners, SSM Ventures, The New York Times Company, and others. The additional funds will be used to accelerate the company's global sales and marketing initiatives. NewsStand, Inc. is a digital partner for publishers of newspapers, magazines, and other print media. NewsStand's digital delivery solution makes it possible for subscribers to download a publication in traditional print format that can be read offline or online on their computer. The announcement comes on the heels of NewsStand's recently announced enhancement to its digital distribution service, the iBrowse Web-based reader.
(www.newsstand.com)