Media - Tuesday, July 17, 2007
Pegasus News Bought By Fisher Communications
There is an endless stream of news and analysis these days about the rise of online only media at the expense of broadcasters and specifically print. The older companies have generally sought to stay afloat by buying into new media. A late comer to this strategy is Fisher Communications (NASDAQ:FSCI) which today says that it has acquired online start-up Pegasus News, which specializes in providing personalized local news, information, and advertising. In other words, Pegasus is a poor man's Topix.
Fisher says it plans to take Pegasus’ model to additional US markets in the coming year. And Fisher says it plans to do more deals with online companies.
Based in Dallas, Pegasus News launched its Web site at in 2006. Financial terms were not disclosed with the Pegasus deal. The company was founded by two friends - Mike Orren was Publisher at American Lawyer Media and associate publisher at D Magazine. His co-founder Gary Cohen was a lawyer. They bootsrapped the company and somehow were able to get editors to work for free who they praise in the announcement: "This amazing group stuck with this for nearly four months without paychecks (and a couple months prior knowing that the dry spell was impending)."
View - site
Read - press release
Read - company blog
More Recent Articles
Petra Solar Raises $40M For Utility Pole Panels
Tuesday February 9, 2010
Petra Solar out of South Plainfield, NJ has raised $40M in 2nd-round funding. Craton Equity Partners and Espírito Santo Ventures co-led the round and were joined by return backers Element Partners, Blue Run Ventures, OnPoint Technologies and Kuwait... Full Story
Audio Transcription's 3Play Media Seed Funded
Monday February 8, 2010
Play Media, out of Somerville, MA, has secured $450K of a $600K seed funding round. 3Play works on transcription, captioning, and audio search. Clients pay 3Play to use technology to convert audio recordings to text and then to clean up the errors w... Full Story
Categories
- Venture Capital (288)
- Advertising (451)
- Aircraft (17)
- Alternative Energy (299)
- ASP (39)
- Batteries (10)
- Biometrics (3)
- Biotechnology (9)
- Communications (63)
- Digital Hollywood (18)
- Digital Home (35)
- eCommerce (468)
- Educational Software (31)
- eHealth (31)
- Email Software (7)
- Enterprise Software (260)
- Euro Ventures (129)
- File Sharing (23)
- Financial Software (43)
- Food (3)
- Games (185)
- Hardware (46)
- Homeland Security (7)
- IMterviews (6)
- IPO (42)
- Jobs (49)
- Media (360)
- Nanotechnology (14)
- Networking (95)
- News & Updates (1387)
- Online (17)
- Peripherals (42)
- Photo Software (49)
- Publishing (9)
- RFID (3)
- Robots (15)
- Satellites (8)
- Search (209)
- Security (95)
- Semiconductors (75)
- Social Networking (426)
- Space (1)
- Sponsored Post (11)
- Storage (41)
- Tech stocks (308)
- Telecom Equipment (16)
- Transportation (3)
- Video (234)
- Voice (67)
- Web 2.0 (140)
- Web Development (8)
- Where Are They Now (30)
- Wireless (384)
Post a comment