Topix.net Receives $15 Million in Additional Funding

Nov 07, 2006


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Topix.net has raised $15 million of additional funding from three of the nation's largest newspaper companies, Gannett Co., Inc., The McClatchy Company, and Tribune Company. Topix.net will use the investment to fuel the expansion of its news communities and to fund development and marketing of new online consumer news services. With this investment, Gannett and Tribune each own a 33.7% stake in Topix.net, while McClatchy owns an 11.9% stake.

(www.topix.net)