Gannett Invests in Live Streaming Service Mogulus; Total $10 Million

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Rafat Ali

paidContent.org
Monday, July 28, 2008; 2:07 PM

Gannett ( NYSE: GCI), which has been doing a number of strategic investments in the last year or so, has now invested in Mogulus, the New York City-based online video streaming startup. The investment is around $10 million, according to reports.

Mogulus, founded last year, has previous funding of about $2.7 million from various angels. It operates in a crowded field of personal/live broadcasting with players such as Paltalk, Stikam, Kyte, Qik, Justin.tv and many many others. It has been working with local papers within the Gannett chain already: one rather famous example was Hillary Clinton's RFK remarks, made during a live interview in May with Gannett-owned Argus Leader S.D. editorial board Another is thatIndianapolis Star, another Gannett paper, used Mogulus to broadcast a Bill Clinton campaign speech live from Indiana University campus.

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