I’ve said it before, I’ll say it again: the news aggregation/news sharing apps and service market is getting crowded, and not sure what VCs/investors are thinking. If Inform.com was advancing the market in any significant way, then I could see.
Anyway, the news: Inform.com, the NYC-based news aggregation site, has received $10 million in second round funding. The company also announced the addition of new CEO, Steven Zales, and founder Neal Goldman will step aside.
Zales was the founding GM of CNNSI.com, SVP/General Manager of ESPN Internet Group, founding President and CEO of Spencer Stuart Talent Network and most recently, President of ClubMom.
The funding round was led by Stephens Group, an Arkansas-based private investment group that makes principal investments on behalf of the Stephens family. As part of its holdings, Stephens Group operates twelve daily newspapers across U.S., including the Las Vegas Review Journal, and is a partner in a firm that publishes twenty-one regional newspapers in California.
Other investors include Gaylord family’s GFI Company, a wholly owned subsidiary of The Oklahoma Publishing Company, as well as Roger Hertog, chairman of The New Republic, and founding investor of The New York Sun.
Related: Inform.com? Not Really…
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